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United Kingdom
beneficial ownershipillegality defence
Hniazdzilau v Vajgel
[2015] EWHC 1582 (Ch)
Key Principle
Where a claimant proves that he provided the funds used to acquire shares registered in another's name with the intention that the shares be held for him, the registered shareholder holds the shares on resulting/constructive trust for the claimant as beneficial owner, and such a claim is not defeated by illegality where the claimant does not need to rely on any illegality to establish it.
Area of Law
General
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