Journal article 1165 views 63 downloads
Trusts and credit risk: the Quistclose trust and lenders’ risks in loan finance
Lloyd Brown
Trusts & Trustees, Volume: 29, Issue: 5, Pages: 402 - 409
Swansea University Author: Lloyd Brown
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Copyright: The Author(s) (2023). This is an Open Access article distributed under the terms of the Creative Commons Attribution License.
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DOI (Published version): 10.1093/tandt/ttad017
Abstract
The article evaluates the case of Barclays Bank Ltd v Quistclose Investments Ltd (1970) in the light of the lenders’ risks when providing loan finance to their commercial customers. A “risk profile” is established which identifies the main risks that may occur during the lending process. Significant...
| Published in: | Trusts & Trustees |
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| ISSN: | 1363-1780 1752-2110 |
| Published: |
Oxford University Press (OUP)
2023
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| Online Access: |
Check full text
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| URI: | https://cronfa.swan.ac.uk/Record/cronfa63108 |
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2023-04-11T11:01:41Z |
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2025-06-07T04:48:48Z |
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cronfa63108 |
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SURis |
| fullrecord |
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2025-06-06T14:15:11.6479383 v2 63108 2023-04-11 Trusts and credit risk: the Quistclose trust and lenders’ risks in loan finance 786add39c141818cbb959ce7277bbd69 Lloyd Brown Lloyd Brown true false 2023-04-11 HRCL The article evaluates the case of Barclays Bank Ltd v Quistclose Investments Ltd (1970) in the light of the lenders’ risks when providing loan finance to their commercial customers. A “risk profile” is established which identifies the main risks that may occur during the lending process. Significantly, the article shows that the trust identified by Lord Wilberforce in Quistclose is most important for managing and mitigating the “credit” risk that can often occur on a loan because of the borrower’s default. Quistclose changes the usual “at arm’s length” nature of lending and provides obligations that are of a fiduciary character. Journal Article Trusts & Trustees 29 5 402 409 Oxford University Press (OUP) 1363-1780 1752-2110 28 6 2023 2023-06-28 10.1093/tandt/ttad017 COLLEGE NANME Hillary Rodham Clinton Law School COLLEGE CODE HRCL Swansea University SU Library paid the OA fee (TA Institutional Deal) Swansea University 2025-06-06T14:15:11.6479383 2023-04-11T11:55:29.1990582 Faculty of Humanities and Social Sciences Hilary Rodham Clinton School of Law Lloyd Brown 1 63108__34414__42fed3dc35564c0995938a9f1f8454ce.pdf 63108.VoR.pdf 2025-06-06T14:12:03.2001718 Output 103009 application/pdf Version of Record true Copyright: The Author(s) (2023). This is an Open Access article distributed under the terms of the Creative Commons Attribution License. true eng https://creativecommons.org/licenses/by/4.0/), |
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Trusts and credit risk: the Quistclose trust and lenders’ risks in loan finance |
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Trusts and credit risk: the Quistclose trust and lenders’ risks in loan finance Lloyd Brown |
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Trusts and credit risk: the Quistclose trust and lenders’ risks in loan finance |
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Trusts and credit risk: the Quistclose trust and lenders’ risks in loan finance |
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Trusts and credit risk: the Quistclose trust and lenders’ risks in loan finance |
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Trusts and credit risk: the Quistclose trust and lenders’ risks in loan finance |
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Trusts and credit risk: the Quistclose trust and lenders’ risks in loan finance |
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Trusts & Trustees |
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Oxford University Press (OUP) |
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The article evaluates the case of Barclays Bank Ltd v Quistclose Investments Ltd (1970) in the light of the lenders’ risks when providing loan finance to their commercial customers. A “risk profile” is established which identifies the main risks that may occur during the lending process. Significantly, the article shows that the trust identified by Lord Wilberforce in Quistclose is most important for managing and mitigating the “credit” risk that can often occur on a loan because of the borrower’s default. Quistclose changes the usual “at arm’s length” nature of lending and provides obligations that are of a fiduciary character. |
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2023-06-28T13:34:42Z |
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11.089365 |