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Singapore purpose trustsresulting trustsfailure of basis

Sheila Kazzaz v Standard Chartered Bank

[2020] SGCA 85
JurisdictionSingapore
CourtSingapore Court of Appeal
Year2020
StatusBinding authority

Summary

Loan monies paid for a specific purpose may be held on Quistclose trust, resulting in restitution if that purpose fails.

Key Principle

Quistclose trust; purpose trust; when loan monies held on trust for specific purpose; restitution

Area of Law

trusts

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