Equity and Trusts - Accessories
Accessory liability concerns the remedies available against parties who, although not the fiduciary, are connected in some way to a breach of fiduciary duty — whether by receiving property, participating in the breach itself, or both.
The general rule is as follows: third parties who knowingly participate in the default of a fiduciary may themselves be accountable in equity to the principal (Barnes v Addy). The doctrine of accessory liability provides a way for these other defendants to be liable for their role in breaches
of fiduciary duties owed by other, in some way related, parties.
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