Breach of Trust in UK Law
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Bristol and West Building Society v Mothew
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A fiduciary is someone who has undertaken to act for or on behalf of another in a particular matter in circumstances which give rise to a relationship of trust and confidence. A fiduciary must act in good faith; he must not make a profit out of his trust; he must not place himself in a position where his duty and his interest may conflict; he may not act for his own benefit or the benefit of a third person without the informed consent of his principal.
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Target Holdings Ltd v Redferns
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In such a case the basic rule is that a trustee in breach of trust must restore or pay to the trust estate either the assets which have been lost to the estate by reason of the breach or compensation for such loss.
Bare trusts arise in a number of different contexts: e.g. by the ultimate vesting of the property under a traditional trust, nominee shareholdings and, as in the present case, as but one incident of a wider commercial transaction involving agency. But the basic equitable principle applicable to breach of trust is that the beneficiary is entitled to be compensated for any loss he would not have suffered but for the breach.
The quantum is fixed at the date of judgment at which date, according to the circumstances then pertaining, the compensation is assessed at the figure then necessary to put the trust estate or the beneficiary back into the position it would have been in had there been no breach.
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Lewis v Motorworld Garages Ltd
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(c) The breach of this implied obligation of trust and confidence may consist of a series of actions on the part of the employer which cumulatively amount to a breach of the term, though each individual incident may not do so. In particular in such a case the last action of the employer which leads to the employee leaving need not itself be a breach of contract; the question is, does the cumulative series of acts taken together amount to a breach of the implied term?
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Williams v Central Bank of Nigeria
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It comprises persons who never assumed and never intended to assume the status of a trustee, whether formally or informally, but have exposed themselves to equitable remedies by virtue of their participation in the unlawful misapplication of trust assets. In either case, they may be required by equity to account as if they were trustees or fiduciaries, although they are not.
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Barlow Clowes International Ltd ((in Liquidation)) and Others v Eurotrust International Ltd (No 2)
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Although a dishonest state of mind is a subjective mental state, the standard by which the law determines whether it is dishonest is objective. If by ordinary standards a defendant's mental state would be characterised as dishonest, it is irrelevant that the defendant judges by different standards. The Court of Appeal held this to be a correct state of the law and their Lordships agree.
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Trustee Act 1925
... ... 1 Authorised investments ... (1) A trustee may invest any trust funds in ... his hands, whether at the time in a state of investment ... A trustee shall not be liable for breach of trust ... by reason only of his continuing to hold an investment ... ...
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Trustee Act 1893
... ... , unless expressly forbidden by the instrument (if any) creating the trust, invest any trust funds in his hands, whether at the time in a state of ... on which he can lawfully lend shall not be chargeable with breach ... of trust by reason only of the proportion borne by the amount of ... ...
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Law Reform (Miscellaneous Provisions) Act 1934
... ... ) shall not include any exemplary damages; ... ) in the case of a breach of promise to marry shall ... be limited to such damage, if any, to the ... otherwise than by a contract, promise or breach of trust ... (7) Subsections (1), (2), (5) and (6) of section twenty-six ... of ... ...
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Charities Act 2011
... ... ” means an institution whether incorporated or not, and includes a trust or undertaking ... (4) Subsections (1) to (3) apply except where the ... trustee or trustee for a charity who it considers has committed a breach of trust or duty or other misconduct or mismanagement in that capacity, ... ...
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Remedies for Breach of Trust
The decision of the Supreme Court in AIB Group (UK) Plc v Mark Redler & Co confirms the approach taken by Lord Browne‐Wilkinson in Target Holdings Ltd v Redferns: where a trustee misapplies trust a...
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Neglect of Duty and Breach of Trust. Ancient offences in the modern battle against impunity in the public service
Purpose: The paper seeks to contend that first, the current law treating Neglect of Duty and Breach of Trust as a single offence is incorrect; and second, that the offences can be an important tool...
- Accessory Liability for Breach of Trust
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Implications of Financial Capitalism for Employment Relations Research: Evidence from Breach of Trust and Implicit Contracts in Private Equity Buyouts
An increasing share of the economy is organized around financial capitalism, where capital market actors actively manage their claims on wealth creation and distribution to maximize shareholder val...
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When is suspending an employee a breach of trust and confidence?
Suspension can be a very useful tool for employers. However, in certain circumstances it can amount to a breach of trust and confidence, which would then allow the suspended employee to resign and ...
- Breach Of Trust And The Defences Available
- Is Suspension A Breach Of Trust And Confidence?
- Your Breach Of Trust Is My Breach Of Trust: Limitation And Liability Of Innocent Partners For Wrongs Committed By A Co-Partner
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Notice of claim to non-parties (CPR 19.8A(4)(a)(i))
King's Bench forms for use in cases such as personal injury, negligence and breach of contract.... ... relates to [the estate of a deceased person] [property subject to a trust] [the sale of property] ... (3) You may within 14 days ... ...
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Form No.53
King's Bench forms for use in cases such as personal injury, negligence and breach of contract.... ... Information Centre for Enforcement for allocation (c/o Registry Trust ... ...
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delivery of goods, damages and costs: Form No.64
King's Bench forms for use in cases such as personal injury, negligence and breach of contract.... ... Information Centre for Enforcement for allocation (c/o Registry Trust ... ...
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Form No.66
King's Bench forms for use in cases such as personal injury, negligence and breach of contract.... ... Information Centre for Enforcement for allocation (c/o Registry Trust ... ...