Fidentia scandal: end of the road for trust’s case against Old Mutual?
The Constitutional Court dismisses an application for leave to appeal against the Supreme Court of Appeal’s ruling in favour of Old Mutual Unit Trust Managers.
#LivingHandsUmbrellaTrust
Living Hands judgment clarifies important principles for financial institutions
Old Mutual Unit Trust Managers did not owe a direct statutory duty to the trust and its beneficiaries but to the trust’s administrator.
SCA upholds Old Mutual’s Living Hands appeal
Old Mutual Unit Trust Managers off the hook for R1.7 billion claim arising from Fidentia scandal.
