“… director who acquires the company’s property in breach of fiduciary duty holds that property on trust for the company (JJ Harrison (Properties) Ltd v Harrison [2001] EWCA Civ 1467, [27]). As Chadwick LJ explained, this trusteeship is described as a constructive trusteeship, but it is what has been referred to as a ‘type one’ constructive…”
“…a had paid for them. This would not obviously make sense. However, Mr Pickering argued that he was supported in this by JJ Harrison (Properties) Ltd v Harrison [2001] EWCA Civ 1467, [2002] 1 BCLC 162 (“JJ Harrison”).…”