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Insolvency & Restructuring

27 November 2020
Garon Anthony Money transfer for specific purpose – High Court ruling on Quistclose trusts

United Kingdom - Squire Patton Boggs

Quistclose trusts classically arise in situations where loans are made for a specific purpose. Disputes over Quistclose trusts often arise in insolvency situations. In a recent case, the High Court found that a Quistclose trust had arisen in a situation where solicitors were forwarded monies by a third party for a specific purpose.

Authors: Garon Anthony, Rose Chaudry
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