UK Supreme Court clarifies when constructive trust may arise in wine case
Angove's is an Australian winemaker (Credit: iStock.com/Rostislav Sedlacek)
The UK Supreme Court has clarified the circumstances in which a constructive trust may arise in insolvency, overruling earlier case law and rejecting arguments from an Australian winemaker that its former agent in the UK should have placed money owed to it in trust as soon as its insolvency was imminent.
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