Continue reading "Quistclose Trusts: Beware of importing principles of equity into commercial law"
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Quistclose Trusts: Beware of importing principles of equity into commercial law
Jehan-Philippe Wood analyses Bieber v Teathers, which sheds new light on how a Quistclose trust is defined in the context of partnerships It is one thing to accept that a trust can exist alongside a contractual arrangement. It is quite another to try to reconcile competing arrangements. A Quistclose trust (the name derives from Barclays …
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