LLAW6092
Equity in commercial law
This course is divided into three main parts. Part 1 deals with equitable obligations and their remedies. There will be special emphasis on duties of confidence, fiduciary duties in joint ventures and the doctrine of Chinese walls, as well as such remedies as equitable compensation and taking accounts. Part 2 deals with the use of equitable doctrines to obtain priorities in insolvency, such as the Quistclose trust, Romalpa clauses, equitable tracing to recover assets in a money-laundering scheme, remedial constructive trusts and the development of proprietary restitutionary remedies. Part 3 deals with the use of trust structures in international finance, especially in the securitizations of assets.