Money remedies are part of equity ’ s arsenal available in cases of fi duciary or
trustee malefaction, breach of confi dence or other equitable wrong. The defendant
may be vulnerable to a personal claim requiring her to surrender any gains or
otherwise pay the plaintiff a sum of money, such as an award of equitable compensation
or pursuant to an account in common form or on the basis of her wilful
default. Relief may also be granted on terms, such that the court makes pecuniary
awards and adjustments consequent on equitable rescission. 1
Modern equity is still coming to grips with how internally to order and make
sense of these money remedies. Since the House of Lords decision in Target
H oldings v Redferns2 (which itself came after the Supreme Court of Canada in
Canson Enterprises Ltd v Boughton & Co 3 ) brought under the spotlight the modern
remedy of equitable compensation, there have been decisions of the High Court
of Australia in Youyang Pty Ltd v Minter Ellison Morris Fletcher , 4 the Hong Kong
Court of Final Appeal in Libertarian Investments Ltd v Hall 5 and the Supreme
Court of the United Kingdom in AIB Group (UK) plc Ltd v Mark Redler . 6 We are
therefore entering a stage of rapid development in which these money remedies
are given shape and some of the deeper structural controversies of equity must be
confronted. Our hope is that this book may in some way contribute to this process.
The chapters of this collection are the result of a colloquium held at UNSW Law
in August 2015. As a book with many contributors