Moriarty and Another v Atkinson and Others – Times Law Reports

Posted January 14th, 2009 in breach of trust, law reports by sally

Moriarty and Another v Atkinson and Others

Court of Appeal

“If a company, in breach of its promise to a payer to keep money in a separate client account to be held on trust, paid it into a deficit current account to be used to settle the company’s debts, the payer could not trace the money paid into the current account since he acquired no proprietary right to trace the money in question which had disappeared before forming trust fund in the client account. ”

The Times, 14th January 2009


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