The claimant sought the return of a sum paid to the defendant, a foreign exchange broker, to be used to take advantage of expected insider knowledge of issues it was thought would allow a profit from trading in a large company’s share. The information did not materialise, but the defendat refused to repay what he said was a loan for illegal purposes.
Judges:
Rimer, Gloster, Vos LJJ
Citations:
[2014] EWCA Civ 1047, [2014] WLR(D) 337
Links:
Jurisdiction:
England and Wales
Contract, Financial Services
Updated: 24 April 2022; Ref: scu.535402