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United Kingdom

Twinsectra Ltd v Yardley

[2002] UKHL 12
JurisdictionUnited Kingdom
Year2002
Statusunclear

Key Principle

A Quistclose trust arises where money is lent for a specific purpose; the lender retains a beneficial interest in the money, and if the purpose fails, the money is held on resulting trust for the lender.

Area of Law

trusts

Related Cases

Thorne v Kennedy (2017) 263 CLR 85
Kakavas v Crown Melbourne Ltd (2013) 250 CLR 392
Australian Competition and Consumer Commission v Lux Distributors Pty Ltd [2013] FCAFC 90

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