NOTE 82.  Add: See also Zobory v Federal Commissioner of Taxation (1995) 129 A.L.R. 484, where a similar conclusion was reached where an employee stole money from his employer and invested it profitably. 

NOTE 84.  Add: See also Ultraframe (UK) Ltd v Fielding [2005] EWHC 1638 (Ch) at [1490]; Primlake Ltd (in liq) v Matthews Associates [2006] EWHC 1227 (Ch) at [334]; Pakistan v Zardari [2006] EWHC 2411 (Comm) at [164]; Sinclair Investment Holdings SA v Versailles Trade Finance Ltd [2007] EWHC 915 (Ch) at [105].  Reid has also been followed in Australia: Mainland Holdings Ltd v Szady [2002] NSWSC 699. 

ADD AT END OF PARAGRAPH: Similarly, in Bhullar v Bhullar [2003] EWCA Civ 424, [2003] 2 B.C.L.C. 241 the Court of Appeal confirmed that directors held property on constructive trust for their company after they acquired it for themselves in circumstances involving a conflict between the directors' duty to the company and their personal interest in the property.