Breach of Trust

Half Title Page......Page 1
Half Title verso......Page 2
Title Page......Page 3
Title verso......Page 4
Contents......Page 5
Preface......Page 7
The Contributors......Page 15
Table of Cases......Page 17
Table of Legislation......Page 45
Table of Treaties......Page 51
A. Introduction......Page 53
B. Direct Enforcement......Page 54
C. Compensation......Page 63
D. Restitution......Page 76
E. Punishment......Page 86
F. Other Goals......Page 90
G. Conclusion......Page 91
A. Introduction......Page 93
B. From Passive to Active Trusts......Page 95
C. Chief Justice Holt's Bailment Model......Page 97
D. Gross Negligence and Ordinary Negligence......Page 102
E. Gross Negligence and the Prudent Man Test......Page 109
F. Prudence in Trust Delegation and Management......Page 111
G. A General Standard or a Delegation Standard?......Page 119
H. The Prudent Trustee in Modern Markets......Page 122
I. Corporation and Trust......Page 125
A. Introduction......Page 127
B. The Development of the Conflict and Profit Rules in the Context of Trustees......Page 130
C. Conclusions......Page 145
4.  Overreaching......Page 147
A. The Relevance of the Disposition Being Authorized or Unauthorized......Page 149
B. The Beneficiary's Title to a Substituted Asset Acquired in an Unauthorized Transaction......Page 152
C. The Beneficiary's Rights Against the Transferee of the Original Asset......Page 157
D. Adoption of Unauthorized Investments......Page 158
E. Conclusion......Page 161
A. Introduction......Page 163
B. Property Rights and Third Parties......Page 164
C. Equity's Choice......Page 171
D. Conclusion......Page 186
A. Introduction......Page 191
B. The Judicial Nature of Liability for Dishonest Assistance......Page 198
C. The Components of a Claim......Page 204
D. Defences......Page 260
E. Conclusion......Page 264
7.  Receipt......Page 265
A. The Vindicatio......Page 267
B. The Wrong of Misappropriation......Page 274
C. Unjust Enrichment......Page 280
D. Conclusion......Page 291
A. The Facts in Armitage......Page 293
B. The Valid Scope of Trustee Exemption Clauses......Page 295
C. The Duty of Loyalty and the Fiduciary Obligations of a Trustee......Page 296
D. The Irreducible Core of the Trust and the Duty of Honesty and Good Faith......Page 301
E. The "Obligational" Trust: The Multi-Patrimonial View of the Trust......Page 305
F. Exemption Clauses Revisited......Page 311
G. The Current Instability of the Trust Concept......Page 319
B. Re Evans (DECD)......Page 321
C. Changing Trusts and Trusteeship: Victorian Anxieties......Page 324
D. The Genesis of Section 61......Page 326
E. Tracing the Contours of Section 61......Page 328
F. Trustee Investment: Rising or Falling Standards......Page 333
G. The Company Law Perspective: Relieving Directors......Page 338
H. Making Allowances......Page 342
I. Section 61: Back to the Future......Page 345
A. Introduction......Page 349
B. Consent to Breach of Trust......Page 350
C. The Extension of the Defence to Company Law......Page 360
D. Conclusion......Page 370
11.  Limitation......Page 371
A. The History of Limitation in Equity......Page 372
B. Application to Breach of Trust......Page 387
C. Claims Against Third Parties......Page 393
D. Conclusion......Page 396
12.  Laches, Estoppel and Election......Page 405
A. Laches......Page 406
B. Cause of Action Estoppel......Page 419
C. Election......Page 423
D. Conclusion......Page 428
A. The Nature of Trusts......Page 431
B. Accountability: Damages or Equitable Compensation......Page 436
C. Tracing, Overreaching, Receipt and Assistance......Page 441
D. Defences to Breach of Trust Claims......Page 447
Index......Page 453