Those interested in the interface between obligations, property
& restitution will note that the CA has upheld Lewison J in
Sinclair v Versailles: see [2011] EWCA Civ 347. And, in so doing,
has decisively declined to follow AG v Reid, preferring to stick
with Lister v Stubbs and say that unlawful fiduciary gains are owed
to, rather than owned by, the beneficiary. And quite right too, in
my view at least. Whether the SC will take the same view as and when
this issue comes before it -- which it surely must in the nearish
future -- remains to be seen.
Andrew
--
Andrew Tettenborn
Professor of Commercial Law, Swansea University
School of Law, University of
Swansea
Richard Price Building
Singleton Park
SWANSEA SA2 8PP
Phone 01792-602724 / (int) +44-1792-602724
Fax 01792-295855 / (int) +44-1792-295855
|
Andrew
Tettenborn
Athro yn y Gyfraith Fasnachol, Prifysgol Abertawe
Ysgol y Gyfraith, Prifysgol
Abertawe
Adeilad Richard Price
Parc Singleton
ABERTAWE SA2 8PP
Ffôn 01792-602724 / (rhyngwladol) +44-1792-602724
Ffacs 01792-295855 / (rhyngwladol) +44-1792-295855
|
Lawyer
(n): One versed in
circumvention of the law (Ambrose Bierce)
Sent from a Microsoft-free
zone -- keeping computing free