Phipps v Boardman: ChD 1964

Agents of certain trustees had purchased shares, in circumstances where they only had that opportunity because they were agents.
Held: The shares were held beneficially for the trust.
References: [1964] 1 WLR 993
Judges: Wilberforce J
Jurisdiction: England and Wales
This case is cited by:

  • Appeal from – Phipps v Boardman CA 1965
    Affirmed . .
    ([1965] Ch 992)
  • At first instance – Phipps v Boardman HL 3-Nov-1966
    A trustee has a duty to exploit any available opportunity for the trust. ‘Rules of equity have to be applied to such a great diversity of circumstances that they can be stated only in the most general terms and applied with particular attention to . .
    ([1966] 3 All ER 721, [1967] 2 AC 46, , [1966] UKHL 2)
  • Cited – FHR European Ventures Llp and Others v Cedar Capital Partners Llc SC 16-Jul-2014
    Approprietary remedy against Fraudulent Agent
    The Court was asked whether a bribe or secret commission received by an agent is held by the agent on trust for his principal, or whether the principal merely has a claim for equitable compensation in a sum equal to the value of the bribe or . .
    (, [2014] UKSC 45, [2014] 2 Lloyd’s Rep 471, [2014] 2 All ER (Comm) 425, [2014] WTLR 1135, [2014] 4 All ER 79, [2015] 1 AC 250, [2014] Lloyd’s Rep FC 617, [2014] 3 WLR 535, [2014] WLR(D) 317, [2014] 2 BCLC 145, [2015] 1 P and CR DG1, , , UKSC 2013/0049, , , )

These lists may be incomplete.
Last Update: 21 November 2020; Ref: scu.551501