The Weekly Law Reports
[2025] 2 WLR 1
Supreme Court
LA Micro Group (UK) Ltd and another v Frenkel and others
[2024] UKSC 42
2024 Oct 15, 16; Dec 11
Lord Hodge DPSC, Lord Briggs, Lord Sales, Lord Burrows, Lord Richards JJSC
Trusts— Constructive trust— Disposal of shares— Beneficial owner of share agreeing for valuable consideration to dispose of beneficial interest to share’s legal owner— Whether disposition invalid for lack of writing— Whether agreement giving rise to vendor-purchaser constructive trust so as to be effective notwithstanding lack of writing— Whether beneficial interest destroyed upon disposition of share to legal owner—
Law of Property Act 1925 (15 & 16 Geo 5, c 20), s 53(1)(c)(2)