Milk quota
Milk quota
- 1999
- Estates Gazette [1999] EGCS 137 (1) .
"Swift and another v Dairywise Farms Ltd and others". ChD 17 November 1999. D was a company providing loans to farmers on the security of milk quotas, and it went into liquidation. At issue was whether quotas could be the subject of a trust. Held: quotas had commercial value and legal effect. that limitations were placed on how quotas might be held or conveyed was no reason for refusing to impose a trust, there being a complete analogy with a trust of a non-assignable contract.
MILK QUOTAS
TRUSTS
MORTGAGES
LIQUIDATION
SWIFT AND ANOTHER V DAIRYWISE FARMS LTD AND OTHERS
"Swift and another v Dairywise Farms Ltd and others". ChD 17 November 1999. D was a company providing loans to farmers on the security of milk quotas, and it went into liquidation. At issue was whether quotas could be the subject of a trust. Held: quotas had commercial value and legal effect. that limitations were placed on how quotas might be held or conveyed was no reason for refusing to impose a trust, there being a complete analogy with a trust of a non-assignable contract.
MILK QUOTAS
TRUSTS
MORTGAGES
LIQUIDATION
SWIFT AND ANOTHER V DAIRYWISE FARMS LTD AND OTHERS