In Neville v Wilson [1996] 3 All ER 171, CA held that a contract for valuable consideration to assign an equitable interest in shares in a private company operated to transfer the interest, despite the absence of writing required by s53(1)(c) LPA 1925. The making of a specifically enforceable contract creates a constructive trust in favour of the transferee, so the s 53(2 exception for ‘the creation and operation of resulting or constructive trusts’ applies and dispenses with the requirement for writing under s53(1)(c).