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Central Bank of Ecuador v Conticorp SA

[2015] UKPC 11
JurisdictionUnited Kingdom
CourtJudicial Committee of the Privy Council (on appeal from the Bahamas)
Year2015
StatusBinding authority

Key Principle

The Privy Council held that a constructive trust arises over the proceeds of a bribe paid to a bank official; the bank has a proprietary claim to trace the bribe money.

Area of Law

banking

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