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Knowing receipt and the proprietary base

13 June 2024 / Author(s): Helen Pugh
Issue: May 2021 / Categories: Feature

A recent High Court decision in a knowing receipt claim against a Saudi Arabian bank has considered the vexed issue of whether a beneficiary must have a continuing equitable interest enduring upon receipt of the property by the recipient to establish a knowing receipt claim. In a detailed and well-reasoned judgment Mr Justice Fancourt answered that question in the affirmative.

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