The term resulting trusts comes from the Latin term “resalire” meaning to jump back and we will see how this applies to property. In Westdeutsche Landesbank v Islington LBC [1996] Lord Browne-Wilkinson identified two examples of resulting trusts: 1) Where a settlor attempts to create
Shares worth more than $300m were transferred to Samba Financial Group from Al-Sanea who held those shares on trust for Saad Investments Co Ltd. The problem was that Saad Investments Co Ltd had already gone into liquidation six weeks prior. In examining whether this transaction
When Mrs Jackson died and left her daughter nothing because of a family dispute that had spanned decades, legal action always looked likely. Jackson’s daughter argued that she should be entitled to maintenance under the Inheritance (Provision for Family and Dependants) Act 1975 but the