By: Prof. Mary George
This new edition of Malaysian Trust Law provides a detailed, comprehensive, and critical exposition of the law of trusts in Malaysia which has seen significant developments in the past two decades. It makes available an up-to-date source of trust law in Malaysia. Extensive references are made to cases both local and foreign, especially from the UK, to explain and analyse the various concepts of trust.
The application of trust principles in various settings including business, family and property provides a good base for the understanding of the principles. Complemented with the analyses and commentary supplied by the authors together with the preliminary considerations of civil procedure and limitation in instituting legal actions in trust, this book is illuminating and practical. The coverage of the role of equity in commercial transactions serves to further enhance the breadth of this book.
Law students studying the law of trusts should have this book as it is current, in-depth and represents the core of the law of trusts. Lawyers will find the book beneficial as it is an invaluable compendium of the law of trusts. This book will also be a useful guide and reference to any person interested in developing an understanding of the Malaysian law of trusts.
Highlights of this book
*Clear explanation of the principles of trust law.
*Consideration of the jurisdiction of civil and Syariah courts in trust litigation between parties who are all Muslims or Muslims and non-Muslims.
*Difference between express private trust and constructive trust.
*Retention monies and trust monies in commercial transactions.
*Application of secret trusts.
*Interface between the law of wills, residuary dispositions and trusts.
*Trust of a life insurance policy.
*Equitable right of a beneficiary under company law.
*Rationale of the presumption of resulting trust in realty and personality.
*New approach remedial constructive trusts in Malaysia.
2. Sources of Trust Law in Malaysia
3. Definition and Overview of Trust Concepts
4. Requirements for the Creation of a Trust
5. Completely and Incompletely Constituted Trusts
6. Secret Trusts
7. Discretionary Trusts
8. Protective Trusts
9. Non-Charitable Purpose Trusts
11. Resulting Trusts or Implied Trusts
12. Constructive Trusts