The court considered whether funds in an account operated in accordance with the rules were held on trust. Having considered the nature of a trust account, the court held: ‘In my judgment, it is quite impossible to read these rules as creating trusts and requiring the application of ordinary trust principles to these accounts’.
Judges:
Harman J
Citations:
Unreported, 31 July 1984
Statutes:
Jurisdiction:
England and Wales
Cited by:
Approved – DP Mann and others v Coutts and Co ComC 16-Sep-2003
The claimants were involved in litigation, They took certain steps on the understanding that the respondents had had deposited with them substantial sums in accounts under binding authorities. The bank had written a letter upon which they claim they . .
Lists of cited by and citing cases may be incomplete.
Insurance, Banking
Updated: 21 June 2022; Ref: scu.186279