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The Legal Nature of the Unit Trust

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The Legal Nature of the Unit Trust Synopsis

This is the first book to examine in depth the doctrinal character of the unit trust. The author begins by tracing the history of the unit trust as a sub-set of the trust and the company. He goes on to examine a whole range of related topics, including the contractual ingredient of the unit trust and its implications on doctrines of perpetuities, important case law such as the case of Saunder v Vautier, frustration, and remedies. This is followed by an analysis of the unit trust's relationships, obligations, and rights aspects -- including the associative, agency and fiduciary character of the relationships; the 'split of trusteeship' between the trustee and the manager (in the form of directory, veto, delegation, and advisory powers); and the nature of the unit trust. The relevant provisions of the Financial Services Act 1986 and its subsidiary legislation are also analysed. Clearly this book will be invaluable to all those who require a better understanding of the unit trust.

About This Edition

ISBN: 9780198764687
Publication date: 8th January 1998
Author: Kam Fan (Lecturer in Law, Lecturer in Law, University of New South Wales, Australia) Sin
Publisher: Clarendon Press an imprint of Oxford University Press
Format: Hardback
Pagination: 400 pages
Genres: Investment and securities
Financial law: general
Law: equity and trusts, foundations
Law: wills, probate, succession