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United Kingdom knowing receiptbreach of trustrecipient liability

BCCI v Akindele

[2001] Ch 437
JurisdictionUnited Kingdom
CourtEngland and Wales Court of Appeal (Civil Division)
Year2001
StatusBinding authority

Key Principle

The test for knowing receipt is whether the recipient's state of knowledge makes it unconscionable for them to retain the benefit; constructive knowledge suffices.

Area of Law

trusts

Related Cases

Test Claimants in the FII Group Litigation v HMRC (No 2) [2020] UKSC 47
Children's Investment Fund Foundation v Attorney General [2020] UKSC 33
Investment Trust Companies v Revenue and Customs Commissioners [2017] UKSC 29

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