“…which equitable compensation can be claimed, or adopting the act and treating the proceeds as trust property (see for example Lord Millett in Foskett v McKeown [2001] 1 AC 102, 130-131, citing Professor Williston’s statement that ‘the cestui que trust should be allowed to regard the acts of the trustee as done for his benefit’). It c…”
“…Strictly, a transfer between bank accounts does not involve an actual transfer of property. In Foskett v McKeown [2001] 1 AC 102, Lord Millett explained (at 127128):…”
“…What this means is that a claim such as that in the present case is dependent on tracing. Lord Millett explained all this in Foskett v McKeown [2001] 1 AC 102, 128:…”