 However, "Quistclose" trusts are often regarded as somewhat special and distinct.The English Court of Appeal, in "Twinsectra Ltd v Yardley" [1999] Lloyd's Rep 438, suggested "obiter dictum" that it was in fact a 'quasi-trust', which is not required to satisfy "the usually strict requirements for a valid trust so far as 'certainty of object[s]' is concerned.However, the House of Lords, on appeal, declined to endorse those comments.