United Kingdom quistclose trustresulting trustspriority of creditors

Barclays Bank Ltd v Quistclose Investments Ltd

[1970] AC 567

JurisdictionUnited Kingdom

CourtHouse of Lords

Year1970

StatusBinding authority

Key Principle

Where money is lent for a specific purpose, and that purpose fails, the borrower holds the money on a resulting trust for the lender (the Quistclose trust).

Area of Law

banking

Related Cases

Philipp v Barclays Bank UK plc [2023] UKSC 25

Stanford International Bank Ltd v HSBC Bank plc [2022] UKSC 34

Stanford International Bank Ltd (in liquidation) v HSBC Bank Plc [2022] UKSC 34

Ask CommonBench about this case

Get a detailed analysis of Barclays Bank Ltd v Quistclose Investments Ltd and how it applies to your situation.

Explain Barclays Bank Ltd v Quistclose...