| Source: | All England Reporter |
| Publisher Citation: | [2008] All ER (D) 336 (Jul) |
| Court: | Chancery Division |
| Judge: | Morgan J |
| Representation | Sebastian Prentis (instructed by Gillan & Co) for the claimants. |
| Guy Morpuss QC and (instructed by Macfarlanes) for the defendants. | |
| Judgment Dates: | 25 July 2008 |
Catchwords
Trust and trustee - Bare trust - Company shares - Shares in company to be issued equally between shareholders - Claimants transferring shares to first defendant - Whether claimants entitled to shares in company.
The Case
Trust and trustee Bare trust. Where a company was formed and the shares were divided equally between four shareholders, including the claimants and the first defendant, following which the claimants had transferred their shares to the first defendant, it was held that the shares had been put into the first defendant's name as a nominee and for tax purposes, and the shares had been held for the claimants on trust.
Practice Areas
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