Illiquidx Limited v Altana Wealth Limited & Anor

Illiquidx Limited v Altana Wealth Limited & Anor

The appropriate remedy for misuse of confidential information in breach of contract, absent exceptional circumstances or a fiduciary relationship, is an inquiry into damages, not an account of profits.

Parties
Claimant: Illiquidx Limited; Defendant: Altana Wealth Limited; Defendant: Lee Robinson; Defendant: Steffen Kastner; Defendant: Brevent Advisory Limited
Jurisdiction
England and Wales
Judgment Date
24 June 2025
Procedural Posture
Civil / Post Liability Remedy Determination
Outcome
Inquiry into damages ordered; claimant denied option to elect account of profits.
Legal Topics
Breach of Contract, Misuse of Confidential Information, Remedies
Contract Law Confidentiality Breach of Contract Misuse of Confidential Information Remedies

Case Brief

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Parties

Illiquidx Limited

Claimant

Altana Wealth Limited

Defendant

Lee Robinson

Defendant

Steffen Kastner

Defendant

Brevent Advisory Limited

Defendant

Procedural Posture

Civil / Post Liability Remedy Determination

Legal Issues

  1. 1 Whether the claimant is entitled to elect between damages and an account of profits for misuse of confidential information in breach of contract

Ratio Decidendi

The appropriate remedy for misuse of confidential information in breach of contract, absent exceptional circumstances or a fiduciary relationship, is an inquiry into damages, not an account of profits.

Court Disposition

Inquiry into damages ordered; claimant denied option to elect account of profits.

Orders

  • Inquiry into damages payable by defendants.
  • No election for account of profits permitted.