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United Kingdom no profit ruleconstructive trustconflict of interest

Keech v Sandford

(1726) Sel Cas Ch 61
JurisdictionUnited Kingdom
CourtCourt of Chancery
Year1726
StatusBinding authority

Key Principle

A fiduciary who acquires a benefit by reason of their fiduciary position holds that benefit on constructive trust for the beneficiary; this is the foundational case on fiduciary self-dealing.

Area of Law

trusts

Related Cases

Test Claimants in the FII Group Litigation v HMRC (No 2) [2020] UKSC 47
Children's Investment Fund Foundation v Attorney General [2020] UKSC 33
Investment Trust Companies v Revenue and Customs Commissioners [2017] UKSC 29

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