Swaps, Restitution, and Trusts

Examines the conflicts between the attitudes of traditional trust lawyers and the proponents of the emerging principle of restitution of unjust enrichment. In particular it considers developments in these areas and their ramifications for commercial and financial contracts. The book analyzes the case of Westdeutsche v. Islington LBC and its ramifications on the swaps markets. The book also advances the thesis that claims in relation to restitution of money, arising in relation to financial transactions, ought to be found on a notion of suitability.