The Quistclose Trust: Critical Essays: William Swadling.
The Quistclose Trust: Critical Essays. The decision of the House of Lords in Twinsectra v Yardley (2002) has refocused attention on the Quistclose trust (Barclays Bank v Quistclose Ltd (1970) AC 567). Although accepted by British insolvency lawyers as a convenient tool for corporate rescue, the precise basis of the trust has always been in doubt.
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The discussion above can lead to a discussion of Quistclose trusts and how the intention of the settlor is enforced here, so the imposition of a resulting trust in this situation specifically does reflect the intention of the settlor. Presumed resulting trusts are based on the presumed intention of the parties.
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