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Vol 21 No 9 Sept/Oct 2016

Book of the Month

Cover of Goode on Commercial Law

Goode on Commercial Law

Edited by: Ewan McKendrick
Price: £170.00

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The Legal Nature of the Unit Trust

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ISBN13: 9780198764687
ISBN: 0198764685
Published: August 1997
Publisher: Oxford University Press
Country of Publication: UK
Format: Hardback
Price: £147.50

Low stock.

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.

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Banking and Finance
1. Evolution of the Unit Trust
2. The Trust and the Constitution of a Unit Trust
3. The Character of Unit Trust Relationships
4. Trusteeship in the Unit Trust
5. The Nature of Units