“Trusts over money transfers? Don’t bank on it” - Court of Appeal rejects imposition of trust in international banking dispute

On 1 March 2019 the Court of Appeal handed down judgment in First City Monument Bank Plc v Zumax Nigeria Ltd [2019] EWCA Civ 294, a decision which will provide welcome clarity to those engaged in international banking and the financing of international trade.

Filed under:
United Kingdom, England & Wales, Banking, Insolvency & Restructuring, Litigation, Quadrant Chambers, Court of Appeal of England & Wales
Authors:
Poonam Melwani KC , Paul Henton
Location:
United Kingdom
Firm:
Quadrant Chambers