Constructive Trusts and the No-Profit Rule
(2013), 72 Cambridge Law Journal 260-263
6 Pages Posted: 4 Feb 2015
Date Written: May 3, 2013
Abstract
This case note criticizes the decision of the Court of Appeal for England and Wales in FHR European Ventures LLP v Mankarious [2013] EWCA Civ 17 and argues for a new understanding of the no-profit rule in fiduciary law. The note was cited in the decision of the UK Supreme Court when it allowed the appeal.
Keywords: fiduciary obligations, constructive trusts, trustees, agency, partnership, directors, corporations, executors
JEL Classification: K1
Suggested Citation: Suggested Citation
Smith, Lionel, Constructive Trusts and the No-Profit Rule (May 3, 2013). (2013), 72 Cambridge Law Journal 260-263, Available at SSRN: https://ssrn.com/abstract=2559976
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