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Level 7 Diploma in International Business Law

Equitable Rights and Obligations of Parties

IBL702 · Commercial Trust Law — Week 3 of 16

CourseIBL702
Week3 of 16
SemesterI
TutorOnline in the course chat

This week’s topics

Equitable Rights and Obligations of Parties

  1. Rights of beneficiaries and commercial investors
  2. Settlor reserved powers and sham trusts
  3. Protector roles and fiduciary duties
  4. Enforcement of non-charitable commercial purpose trusts
  5. Chapter 5 - Trustees Appointment Retirement Removal Duties, Powers - Equity and Trust - SQE1 - LLB
  6. Chapter 3 - Charitable Trusts Non Charitable Trusts, Secret Trusts - Equity and Trust - SQE1 - LLB

What you will be able to do

  • 1.1 Analyse the mechanics of creating express trusts including the rights of beneficiaries.
  • 1.4 Evaluate the nature of respective rights and obligations of the parties trusts.

Activity

Start with this week’s 2 videos, then: Seminar, guided reading and a short written task: analyse the mechanics of creating express trusts including the rights of beneficiaries.

Study materials

Videos

  • Chapter 5 - Trustees Appointment Retirement Removal Duties, Powers - Equity and Trust - SQE1 - LLB · YouTube · SQE1window · 17 min · for registered students
  • Chapter 3 - Charitable Trusts Non Charitable Trusts, Secret Trusts - Equity and Trust - SQE1 - LLB · YouTube · SQE1window · 15 min · for registered students
  • Equity Trust Ltd v Halabi (Jersey); ITG Ltd v Fort Trustees (Guernsey) [2022] UKPC 36 · YouTube · UKSupremeCourt · 7 min · for registered students

Further resources

  • Hague Convention of 1 July 1985 on the Law Applicable to Trusts and on their Recognition · Reading · Hcch, legislation · for registered students
  • Recognition of Trusts Act 1987 · Reading · legislation.gov.uk, legislation · for registered students
  • HMRC Trusts, Settlements and Estates Manual · Reading · GOV.UK, guidance · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
Course chat

Admitted students ask questions on this week’s page in the student portal: an AI assistant trained on the course answers first, and during the course’s timetabled classes Connect to your tutor brings your tutor into the chat, who may start a call if needed.

Open this week in the portal
Course plan
  • Week 1: Foundations and Functions of Commercial Trusts
  • Week 2: Creation and Mechanics of Express Commercial Trusts
  • Week 3: Equitable Rights and Obligations of Parties
  • Week 4: The Interplay of Contract, Equity, and Trust Law
  • Week 5: Conceptual Separation of Trust Law from Contract Law
  • Week 6: Comparative Trustee Powers: Commercial versus Family Settin…
  • Week 7: Fiduciary Duties and Governance Across Trust Frameworks
  • Midterm: Midterm evaluation
  • Week 9: Trustee Liability and Risk Mitigation
  • Week 10: Trust Creditors and Asset Recovery
  • Week 11: Cross-Border and Comparative Creditor Protection
  • Week 12: Applying Commercial Trust Law in practice: case studies
  • Week 13: Assignment workshop: research, planning and referencing
  • Week 14: Assignment workshop: drafting, feedback and improvement
  • Week 15: Review and coursework completion
  • Final: Final assessment and submission
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