Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Quistclose Trust

Quistclose Trust

Cunha Nicole

Paperback

General Law

ISBN10: 3848413876
ISBN13: 9783848413874
Publisher: Lap Lambert Academic Pub
Published: Mar 6 2014
Pages: 64
Weight: 0.23
Height: 0.15 Width: 6.00 Depth: 9.00
Language: English
The concept of quistclose was introduced in English law through the decision held by the House of Lords in Barclays Bank v Quistclose Investments Ltd. Although this decision is from 1970, until now it has been a target of huge debate among scholars in relation to its legal nature. English courts have been applying the concept of quistclose in diverse situations without consensus over its elements. Among other characteristics quistclose trusts require the application of money to a specific purpose otherwise it requires the return of the money to its payer and not to a third party beneficiary. Scholars diverge over the legal nature of a quistclose trust and its applicability to commercial transactions. Despite general agreement over the legal nature of a quistclose its structure might be helpful in minimizing lender's risk in project finance and in loan transactions with companies in finance distress.

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