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Quistclose trust

Property given for a specific purpose Purpose fails Huseyin Ali v Dinc [2020] EWHC 3055 (Ch) Summary The court held that the arrangement between Claimant (-C-) and the first defendant (-D1-) was sufficient to constitute a Quistclose trust. A Quistclose trust occurs where a property is given to someone for a specific purpose. If the purpose fails the property is held on trust for the transferor (Barclays Bank Ltd v Quistclose Investments Ltd [1968] UKHL 4) This meant that D1…

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