Continue reading "Bribery And Constructive Trusts: Channelling dirty money"
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Bribery And Constructive Trusts: Channelling dirty money
Lloyds Trust Co (CI) Ltd v Fragoso [2013] provides clarification for Jersey on how trustees hold assets derived from bribes in a trust. Alexa Saunders gives the lowdown ‘In Fragoso [2013], the Royal Court of Jersey was in a position to make its own decision as to whether to follow Reid [1993] or Sinclair [2011].’ …
Cases Referenced
Cases in bold have further reading - click to view related articles.
- Attorney General for Hong Kong v Reid [1993] UKPC 2
- Federal Republic of Brazil v Durant International [2012] JRC 211; [2015] UKPC 35
- FHR European Ventures LLP v Mankarious & ors [2013] EWCA Civ 17; [2013] WTLR 631 CA
- Lister & Co v Stubbs (1890) 45 Ch D 1
- Lloyds Trust Co (CI) Ltd v Fragoso [2013] JRC 211
- Sinclair Investments (UK) Ltd v Versailles Trade Finance Ltd [2011] WTLR 839; [2011] EWCA Civ 347; [2011] WTLR 1043