Last month we covered the recent Supreme Court judgment in the Children’s Investment Fund Foundation (UK) (CIFF) case in an article. It can be read here if you missed it.
It is also the topic for our September podcast, on which I am joined by Julian Smith, a fellow partner in the Charities team. The case found that in principle members of all charitable companies owe fiduciary duties to the purposes of the charitable company.
In the podcast we delve into the technical detail of the case as well as considering its significance for charities and what practical implications may flow from this judgment. It will be relevant to those involved with charities established as a company limited by guarantee and possibly also other charities with two tier structures that involve members and trustees.
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If you have any questions on the podcast or the case, then please get in touch with Elizabeth Jones or Julian Smith, or with your regular contact at the firm on +44 (0)20 3375 7000. If there are any other topics you would like us to cover in future briefings or podcasts, please let us know.
This publication is a general summary of the law. It should not replace legal advice tailored to your specific circumstances.
© Farrer & Co LLP, September 2020