28:
188:
physical tracing) or in equity (because the money was not transferred for the accountants' benefit). Banks can be liable in knowing receipt only if they receive and apply trust money to reduce or discharge a customer's overdraft. Otherwise, banks merely pay and receive money as agents of their customers. It must be for their own 'use and benefit'. He suggested that the liability for knowing receipt could be imposed if the circumstances would put an honest and reasonable person on inquiry. Agip Ltd appealed on the common law point.
187:
held that Agip Ltd was entitled to an equitable proprietary claim for the $ 43,000 from
Jackson, and that the accountants were liable for 'knowing assistance in a breach of trust'. However, Agip Ltd could not succeed for receipt of the money at common law (which did not allow electronic rather than
161:
Mr Zdiri, an Agip Ltd employee, changed the name on a payment order of $ 518,000 to Baker Oil
Services Ltd, a puppet controlled by Mr Jackson and other accountants, who acted on clients’ instructions. The money was transferred from Banque du Sud in
394:
452:
49:
Agip (Africa) Limited v (1) Barry
Kingsley Jackson and Edward Norman Bowers (both practising as Jackson & Co. a firm) and (2) Ian Duncan Griffin
201:
95:
284:
457:
378:
255:
38:
336:
447:
170:
in London. All but $ 43,000 was then paid on to unknown parties. Agip Ltd sued Mr
Jackson for return of the money.
364:
27:
350:
184:
248:
324:
241:
167:
8:
312:
197:
91:
431:
354:
418:
407:
150:
146:
340:
302:
76:
398:
384:
368:
129:
441:
272:
124:
233:
205:
153:
case concerning the common law remedies for receipt of trust property.
99:
163:
196:
The Court of Appeal upheld Judge
Millett's decision.
439:
249:
286:Belmont Ltd v Williams Furniture Ltd (No 2)
256:
242:
26:
453:Court of Appeal (England and Wales) cases
263:
380:Criterion Properties plc v Stratford LLC
395:Arthur v AG of Turks and Caicos Islands
440:
237:
13:
337:El Ajou v Dollar Land Holdings plc
191:
14:
469:
424:
458:1990 in United Kingdom case law
365:Dubai Aluminium Co Ltd v Salaam
351:BCCI (Overseas) Ltd v Akindele
217:
1:
229:
178:
166:to Baker Oil’s account with
7:
432:THE ACCOUNTANTS' LAUNDROMAT
299:Agip (Africa) Ltd v Jackson
173:
142:Agip (Africa) Ltd v Jackson
21:Agip (Africa) Ltd v Jackson
10:
474:
405:
391:
375:
361:
347:
333:
321:
309:
295:
281:
276:(1873-74) LR 9 Ch App 244
269:
147:[1990] EWCA Civ 2
120:
115:
110:
105:
87:
82:
72:
62:
54:
44:
34:
25:
20:
325:Baden v Societe Generale
211:
156:
448:English trusts case law
202:Elizabeth Butler-Sloss
200:gave judgement, while
264:Knowing receipt cases
419:English trusts law
408:English trusts law
151:English trusts law
414:
413:
138:
137:
465:
381:
287:
258:
251:
244:
235:
234:
224:
221:
83:Court membership
58:21 December 1990
30:
18:
17:
473:
472:
468:
467:
466:
464:
463:
462:
438:
437:
427:
415:
410:
401:
387:
379:
371:
357:
343:
329:
317:
313:Re Montagu’s ST
305:
291:
285:
277:
265:
262:
232:
227:
222:
218:
214:
194:
192:Court of Appeal
181:
176:
159:
134:
130:knowing receipt
98:
96:Butler-Sloss LJ
94:
67:
39:Court of Appeal
12:
11:
5:
471:
461:
460:
455:
450:
436:
435:
426:
425:External links
423:
422:
421:
412:
411:
406:
403:
402:
392:
389:
388:
376:
373:
372:
362:
359:
358:
348:
345:
344:
334:
331:
330:
322:
319:
318:
310:
307:
306:
296:
293:
292:
282:
279:
278:
270:
267:
266:
261:
260:
253:
246:
238:
231:
228:
226:
225:
215:
213:
210:
193:
190:
180:
177:
175:
172:
158:
155:
136:
135:
133:
132:
127:
121:
118:
117:
113:
112:
108:
107:
103:
102:
89:
88:Judges sitting
85:
84:
80:
79:
74:
70:
69:
64:
60:
59:
56:
52:
51:
46:
45:Full case name
42:
41:
36:
32:
31:
23:
22:
9:
6:
4:
3:
2:
470:
459:
456:
454:
451:
449:
446:
445:
443:
434:
433:
429:
428:
420:
417:
416:
409:
404:
400:
397:
396:
390:
386:
383:
382:
374:
370:
367:
366:
360:
356:
353:
352:
346:
342:
339:
338:
332:
327:
326:
320:
315:
314:
308:
304:
301:
300:
294:
289:
288:
280:
275:
274:
273:Barnes v Addy
268:
259:
254:
252:
247:
245:
240:
239:
236:
220:
216:
209:
207:
203:
199:
189:
186:
185:Peter Millett
171:
169:
165:
154:
152:
148:
144:
143:
131:
128:
126:
123:
122:
119:
114:
109:
106:Case opinions
104:
101:
97:
93:
90:
86:
81:
78:
75:
71:
65:
61:
57:
53:
50:
47:
43:
40:
37:
33:
29:
24:
19:
16:
430:
393:
377:
363:
355:EWCA Civ 502
349:
335:
323:
311:
298:
297:
290:1 All ER 393
283:
271:
219:
195:
182:
160:
141:
140:
139:
48:
15:
223:Ch 265, 292
208:concurred.
198:Michael Fox
168:Lloyds Bank
442:Categories
341:EWCA Civ 4
303:EWCA Civ 2
230:References
206:Roy Beldam
179:High Court
73:Transcript
66:EWCA Civ 2
328:1 WLR 509
100:Beldam LJ
63:Citations
174:Judgment
116:Keywords
399:UKPC 30
385:UKHL 28
369:UKHL 48
164:Tunisia
125:tracing
55:Decided
316:Ch 264
183:Judge
149:is an
111:Fox LJ
92:Fox LJ
77:BAILII
68:Ch 265
212:Notes
157:Facts
145:
35:Court
204:and
444::
257:e
250:t
243:v
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
.svg)