Investors had paid sums to the appellant solicitors for investment within a scheme run by a client of te firm. No terms were explicit save that the client was to be invested. When the funds were lost by the client, the claimants sued the solicitors, who now appealed against a finding of breach of trust.
Held: The deposits were made without any terms as to safety being promised or required. The appeal succeeded.
Moore-Bick, Underhill, Briggs LJJ
[2015] EWCA Civ 59, [2015] WLR(D) 57
Bailii, WLRD
England and Wales
Legal Professions
Updated: 27 December 2021; Ref: scu.542259