The Weekly Law Reports
[2023] 3 WLR 767
Court of Appeal
LA Micro Group (UK) Ltd and another v LA Micro Group Inc and others
[2023] EWCA Civ 214
2023 Jan 19, 20; Feb 28
Males, Arnold, Nugee LJJ
Trusts— Constructive trust— Disposal of shares— Beneficial owner of shares agreeing for valuable consideration to dispose of beneficial interest in shares to shares’ legal owner— Whether disposition invalid for lack of writing— Whether agreement giving rise to constructive trust so as to be effective notwithstanding lack of writing—
Law of Property Act 1925 (15 & 16 Geo 5, c 20), s 53(1)(c)(2)