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Australia breach of trustequitable compensationprofessional negligence

Youyang Pty Ltd v Minter Ellison Morris Fletcher

(2003) 212 CLR 484
JurisdictionAustralia
CourtHigh Court of Australia
Year2003
StatusBinding authority

Summary

A solicitor trustee who pays away trust money in breach of trust is liable to restore the trust fund by way of equitable compensation, applying Target Holdings principles.

Key Principle

breach of trust; trust money paid away; solicitor trustee; equitable compensation; Target Holdings applied

Area of Law

trusts

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