Barnes v Addy
Barnes v Addy LR 9 Ch App was a decision of the Court of Appeal in Chancery. It established that, in English trusts law, third parties could be liable for a breach of trust in two circumstances, referred to as the two 'limbs' of Barnes v Addy: knowing receipt and knowing assistance.
Although the decision remains historically significant in common law countries, the House of Lords significantly revised the relevant equitable principles in cases such as Royal Brunei Airlines v Tan and Dubai Aluminium Co Ltd v Salaam.
Statement of principle
In Royal Brunei Airlines v Tan, the House of Lords described this passage as the "much-quoted dictum" in Barnes v Addy:[File:Lord_Selborne_LC_LS%26PC.jpg|thumb|alt=Roundell Palmer, 1st Earl of Selborne|upright=0.6|The leading judgment was given by Lord Selborne LC.]
This passage was adopted by the High Court of Australia as a statement of the 'rule in Barnes v Addy' in Farah Constructions [Pty Ltd v Say-Dee Pty Ltd].
Facts
Henry Barnes appointed William Crush, John Lugar and John Addy to be testators and executors of his will. His money would be invested and then used as a £100 annuity for his widow, Ann, and his three daughters and son. John Addy, the sole remaining trustee, appointed another trustee, with an indemnity. Addy’s solicitors, including Mr William Duffield, had advised against appointing a sole trustee, but drew up the deeds of appointment and indemnity, introduced him to a stockbroker, and the broker transferred the trustee money. This trustee misapplied the trust property and became bankrupt. The children sued Addy and the solicitors.At first instance, Wickens VC held the solicitors were not liable for the trustee's breach.
Judgment
held that neither of the solicitors had any knowledge of or reason to suspect dishonesty in the transaction.In any event, Barnes had not established a breach of trust by Addy:
Sir W M James LJ and Sir G Mellish LJ agreed.