English Trusts Case Law: Bartlett V Barclays Bank Trust Co Ltd, Barclays Bank Ltd V Quistclose Investments Ltd

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Pages: 51. Chapters: Guinness plc v Saunders, Re Vandervell's Trusts, Bartlett v Barclays Bank Trust Co Ltd, Cowan v Scargill, Bristol and West Building Society v Mothew, Barclays Bank Ltd v Quistclose Investments Ltd, T Choithram International SA v Pagarani, Rule in Allhusen v Whittell, Hunter v Moss, Armitage v Nurse, Speight v Gaunt, Boardman v Phipps, Howe v Earl of Dartmouth, Twinsectra Ltd v Yardley, McPhail v Doulton, Imperial Group Pension Trust Ltd v Imperial Tobacco Ltd, Schmidt v Rosewood Trust Ltd, Learoyd v Whiteley, Keech v Sandford, Vandervell v Inland Revenue Commissioners, Holder v Holder, Rule in Clayton's Case, Liability of trustees inter se in English law, Saunders v Vautier, Guild v IRC, Re Duke of Norfolk's Settlement Trusts, Bishopsgate Investment Management Ltd v Maxwell, York Buildings Co v MacKenzie, Kirby v Wilkins, Milroy v Lord, Nestle v National Westminster Bank plc, Thellusson Will Case, Re Londonderry's Settlement, Paul v Constance, Butt v Kelson, Re Shaire, Harries v Church Commissioners for England, Macmillan Inc v Bishopsgate Investment Trust plc, Ex parte James, Whelpdale v Cookson, Re Atkinson, Re Rose, Knight v Knight, Buttle v Saunders, Pettitt v Pettitt. Excerpt: Guinness plc v Saunders 2 AC 663 is a UK company law case, regarding the power of the company to pay directors. It required that whatever rules exist for payment in the company's articles, they must be strictly observed. Guinness plc appointed a committee of three directors in January 1986, Mr Saunders (the chairman), Mr Roux and Mr Ward (who was a solicitor), to handle the company's affairs during a takeover bid by Distillers Company Limited. Distillers was successful in its bid, though only after (among other things) Mr Ward had been paid 5.2m. Mr Ward claimed that this "fee" was agreed among the committee of three directors. However, ...