LA Micro Group (UK) Ltd v Frenkel

Subject Matter

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)

[2023] EWCA Civ 214; [2024] Ch 1; [2023] 3 WLR 767; [2023] WLR(D) 111, CA

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)

[2024] UKSC 42; [2025] AC 1442; [2025] 2 WLR 1; [2025] 3 All ER 347; [2025] 2 BCLC 573; [2024] WLR(D) 556, SC(E)

Appellate History

Commentary

St John's chambers
Supreme Court case update: the Vendor-Purchaser Constructive Trust and Frenkel v LA Micro Group (UK) Ltd Case comment