An employer holding sums in a retention fund, and which sums were due to insolvent managing contractor in fact held the sums on trust for the contractors who were due to receive eventual payment.
Judges:
Stuart-Smith, Morritt, Robert Walker LJJ
Citations:
Times 30-Apr-1998, [1998] EWCA Civ 606
Links:
Jurisdiction:
England and Wales
Construction, Insolvency
Updated: 18 November 2022; Ref: scu.144084