Youyang Pty Ltd v Minter Ellison Morris Fletcher

JurisdictionAustralia Federal only
JudgeGleeson CJ,McHugh,Gummow,Kirby,Hayne JJ
Judgment Date03 April 2003
Neutral Citation2003-0403 HCA A,[2003] HCA 15
Docket NumberS237/2002
CourtHigh Court
Date03 April 2003
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61 cases
  • Wingecarribee Shire Council v Lehman Brothers Australia Ltd (in Liquidation)
    • Australia
    • Federal Court
    • Invalid date
  • Re Ahmed (A Debtor) Ingram and another v Ahmed and Others
    • United Kingdom
    • Chancery Division
    • 29 June 2016
    ... [2001] Ch 555, Rose v. AIB Group (UK) Plc [2003] EWHC 1737 (Ch); [2003] 1 WLR 2791, Youyang Pty Limited Minter Ellison Morris Fletcher [2003] HCA 15, Malkins Nominees Limited v. Societe Financiere Mirelis SA and Others [2004] EWHC 2631 (Ch), Pettit v. Novakovic [2007] BCC 462, Bateman......
  • AIB Group (UK) Plc v Mark Redler & Company Solicitors
    • United Kingdom
    • Supreme Court
    • 5 November 2014
    ...for breach of the duty of skill and care in the administration of a trust should be governed by common law rules: Youyang Pty Ltd v Minter Ellison Morris Fletcher [2003] HCA 15; (2003) 212 CLR 484, paras 39–40. The Australian cases proceed on the basis that liability in respect of losses s......
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1 firm's commentaries
  • Trustees of a charitable trust must pursue its charitable purposes at all times
    • Australia
    • Mondaq Australia
    • 3 September 2012
    ...that an ordinary prudent man of business would take". (This is a standard set out in Youyang Pty Ltd v Minter Ellison Morris Fletcher [2003] HCA 15.) For the avoidance of doubt, such an individual would not mix trust business with their personal Charitable trust funds should not be mingled ......
7 books & journal articles
  • NAVIGATING THE MAZE
    • Singapore
    • Singapore Academy of Law Journal No. 2016, December 2016
    • 1 December 2016
    ...Lines in Equity (Jamie Glister & Pauline Ridge eds) (Hart Publishing, 2012) at pp 148–151. 109CfYouyang v Minter Ellison Morris Fletcher[2003] HCA 15. 110Agricultural Land Management Ltd v Jackson (No 2)[2014] WASC 102 at [344]; Jamie Glister, “Equitable Compensation” in Fault Lines in Equi......
  • AN ACCOUNT OF ACCOUNTS
    • Singapore
    • Singapore Academy of Law Journal No. 2016, December 2016
    • 1 December 2016
    ...2 SLR 464 at [38]–[39], per Chao Hick Tin JA. 4Target Holdings v Redferns[1995] UKHL 10; Youyang Pty Ltd v Minter Ellison Morris Fletcher[2003] HCA 15; Libertarian Investments Ltd v Hall(2013) 16 HKCFAR 61 (because of the trustee's unco-operative attitude, the court considered that accounti......
  • Concurrent Duties
    • United Kingdom
    • Wiley The Modern Law Review No. 82-1, January 2019
    • 1 January 2019
    ...is available evenin relation to a profit-making investment made without authorisa-tion: Youyang Pty Ltd vMinter Ellison Morris Fletcher [2003] HCA 15 (High Court of Australia)at [69]. Their effective exclusion by the contract in AIB is therefore conceptually similar to acontract that exclude......
  • Remedies for Breach of Trust
    • United Kingdom
    • Wiley The Modern Law Review No. 78-4, July 2015
    • 1 July 2015
    ...Moat Houses Plc [2001] EWCA Civ 712; [2002] BCC 91 at [53] per RobertWalker LJ. See too Youyang Pty Ltd vMinter Ellison Morris Fletcher [2003] HCA 15; (2003) 212 CLR484 at [49] (Youyang). It may be that an account should only be available where there is continuousand custodial trusteeship: ......
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