pnBlawg

the professional negligence blog

A collaboration between Rebmark Legal Solutions and 1 Chancery Lane

Why is a Quistclose trust like the tooth fairy?

If you objectively believe in its purpose it can provide a little prompt comfort during painful times.   The conjunction of festive films and Raymond Bieber v Teathers Ltd (In Liquidation) [2012] EWCA Civ 1466 brought that analogy to mind. Unfortunately the court found that the claimants did not objectively believe in the tooth fairy. The claimants invested in a scheme promoted to take advan... [More]