Keech v Sandford

E628500

Keech v Sandford is an 18th-century English trust law case establishing the strict fiduciary duty of loyalty, holding that trustees cannot personally profit from opportunities arising from their position.

All labels observed (3)

How this entity was disambiguated

Statements (44)

Predicate Object
instanceOf English legal case ⓘ
fiduciary law case ⓘ
trust law case ⓘ
alsoKnownAs Keech v Sandford (Trustees’ Lease Case) ⓘ
linked to: Keech v Sandford
appliesTo company directors ⓘ
other fiduciaries ⓘ
trustees ⓘ
areaOfLaw equity ⓘ
fiduciary duties ⓘ
trust law ⓘ
citationStyle Keech v Sandford (1726) Sel Cas Ch 61 ⓘ
linked to: Keech v Sandford
coreIssue whether a trustee may renew a lease for personal benefit when the landlord refuses to renew to the trust ⓘ
country Kingdom of Great Britain ⓘ
court Court of Chancery ⓘ
decisionYear 1726 ⓘ
establishesPrinciple a trustee cannot take for himself an opportunity that arises from the trust property ⓘ
a trustee must not profit from his position ⓘ
equity’s strict approach to fiduciary conflicts of interest ⓘ
fiduciary must account for profits even if beneficiary could not have obtained the benefit ⓘ
strict liability for fiduciaries who make unauthorized profits ⓘ
holding trustee who renews a lease for himself must hold it on trust for the beneficiary ⓘ
influenced Boardman v Phipps ⓘ
Bristol and West Building Society v Mothew ⓘ
Regal (Hastings) Ltd v Gulliver ⓘ
involvesParty Keech ⓘ
Sandford ⓘ
involvesRole beneficiary ⓘ
trustee ⓘ
jurisdiction England ⓘ
languageOfRecord English ⓘ
leadingCaseOn conflict of interest in fiduciary relationships ⓘ
fiduciary duty of loyalty ⓘ
no-profit rule for trustees ⓘ
legalPrincipleType no-conflict rule ⓘ
no-profit rule ⓘ
legalSystem common law ⓘ
reasoning equity must be strict to prevent temptation for trustees to prefer their own interests ⓘ
remedy account of profits ⓘ
constructive trust over the renewed lease ⓘ
status good law ⓘ
subjectMatter lease of a market stall ⓘ
renewal of lease held on trust ⓘ
taughtIn English law schools ⓘ
common law jurisdictions ⓘ

How these facts were elicited

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

Court of Chancery → notableCase → Keech v Sandford ⓘ
Keech v Sandford → citationStyle → Keech v Sandford (1726) Sel Cas Ch 61 ⓘ
linked to: Keech v Sandford
Keech v Sandford → alsoKnownAs → Keech v Sandford (Trustees’ Lease Case) ⓘ
linked to: Keech v Sandford