Source: All England Reporter
Publisher Citation: [1998] All ER (D) 108
Court: Chancery Division

Ferris J

Representation Simon Brown-Wilkinson (instructed by Epstein Grower & Michael Freeman) for the plaintiffs.
  Ali Malek QC and Adrian Beltrami (instructed by Harris Rosenblatt & Kramer) for the defendant.
Judgment Dates: 24 March 1998


Bank - Deposit-taking business - Company carrying on illegal deposit-taking business - Plaintiffs placing money with company which deposited it with defendant bank - Company subsequently going into liquidation and plaintiffs suffering loss - Whether plaintiffs having equitable remedy against bank - Whether constructive trust arising from illegal deposit-taking business - s 3.

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