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No duty of loyalty

Language: English Series: Times ; 22 September 1992, 28(1)Publication details: 1992Subject(s): Summary: In "Sears Investment Trust Ltd and others v Lewis`s Group Ltd (in liquidation) and another", ChD 31 July 1992, it was held that a principal, who had terminated an agent`s authority to act for specific purposes, while encouraging that agent to seek instructions in the same matter from a new client, could not thereafter claim that the agent still owed him a duty of loyalty.

In "Sears Investment Trust Ltd and others v Lewis`s Group Ltd (in liquidation) and another", ChD 31 July 1992, it was held that a principal, who had terminated an agent`s authority to act for specific purposes, while encouraging that agent to seek instructions in the same matter from a new client, could not thereafter claim that the agent still owed him a duty of loyalty.