Constructive Trusts and the No-Profit Rule

(2013), 72 Cambridge Law Journal 260-263

6 Pages Posted: 4 Feb 2015

See all articles by Lionel Smith

Lionel Smith

McGill University, Faculty of Law, Paul-André Crépeau Centre for Private and Comparative Law; University of Oxford - Faculty of Law

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

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

Lionel Smith (Contact Author)

McGill University, Faculty of Law, Paul-André Crépeau Centre for Private and Comparative Law ( email )

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HOME PAGE: http://www.mcgill.ca/law/about/profs/smith-lionel

University of Oxford - Faculty of Law ( email )

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