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Revisiting Cowan v Scargill

Online Published Date : 31 October 2021 | Appeared in issue: Vol 35 No 8 - 31 October 2021

In Cowan v Scargill1 Megarry J famously held that trustees ought not to take social or ethical considerations into account when exercising investment powers, and that their sole concern should be financial return on the trust investments. This does..