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Westdeutsche Landesbank Girozentrale v Islington London Borough Council
[1996] AC 669
Key Principle
Lord Browne-Wilkinson held that a resulting trust arises in two situations: (1) voluntary conveyance where the transferee is not intended to take beneficially, and (2) where a trust fails; property cannot be held on constructive trust unless the conscience of the recipient is affected.
Area of Law
trusts
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