Challinor and ors v Juliet Bellis & Co and anr: Juliet Bellis & Co v Egan – WLR Daily

Posted March 15th, 2013 in breach of trust, law reports, trusts by tracey

Challinor and ors v Juliet Bellis & Co and anr: Juliet Bellis & Co v Egan: [2013] EWHC 347 (Ch);   [2013] WLR (D)  99

“Lack of writing did not necessarily mean that the circumstances of a case were not such as to give rise to a ‘Quistclose’ trust. Stipulation of an exclusive purpose for the loan was not the only circumstance of which the immediate recipient was cognisant and which negated an intention on the part of the payer, to pass away beneficial ownership so as to give rise to a resulting trust in favour of the payer.”

WLR Daily, 25th February 2013

Source: www.iclr.co.uk