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I CSK 97/19 AI generated

Supreme Court allows cassation appeal to examine whether investment fund manager breached fiduciary duty.

Case Number I CSK 97/19
Court / Authority
Jurisdiction Poland (PL)
Outcome Partially Allowed
Open official source Machine-readable Markdown (.md)

Legislator summary

AI generated

The Supreme Court accepted the cassation appeal filed by the defendant against the appellate court's judgment. The case involves a dispute between a closed investment fund and its manager regarding alleged breaches of fiduciary duties and unauthorized investment decisions. The court decided to refer the matter for further examination to determine if the lower courts correctly applied the standard of care required of fund managers.

Legislator headnote

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Ustawa o fundachach inwestycyjnych; Kodeks cywilny: The court must examine cassation appeals to verify whether the lower courts correctly applied the statutory duties of care and loyalty owed by investment fund managers to their beneficiaries.

Keywords

AI generated
investment fund manager fiduciary duty breach cassation appeal closed investment fund unauthorized investment Supreme Court review fiduciary liability

Cited Legislation

AI generated
Ustawa o fundachach inwestycyjnych
Kodeks cywilny

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Full text

Sygn. akt I CSK 97/19 POSTANOWIENIE Dnia 23 września 2019 r.Sąd Najwyższy w składzie: SSN Beata Janiszewska w sprawie z powództwa P. Niestandaryzowanego Sekurytyzacyjnego Funduszu Inwestycyjnego Zamkniętego w W. ‎przeciwko P. P.‎o zapłatę,‎na posiedzeniu niejawnym w Izbie Cywilnej w dniu 23 września 2019 r.,‎na skutek skargi kasacyjnej pozwanego od wyroku Sądu Apelacyjnego w (…)‎z dnia 12 września 2018 r., sygn. akt I ACa (…), przyjmuje skargę kasacyjną do rozpoznania.