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United Kingdom

Central Bank of Ecuador v Conticorp SA

[2015] UKPC 11
JurisdictionUnited Kingdom
Year2015
Statusunclear

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

Related Cases

Westpac Banking Corporation v Lenthall (2019) 269 CLR 574
AUSTRAC v Commonwealth Bank of Australia [2018] FCA 930
Paciocco v ANZ Banking Group Ltd (Full Federal Court) (2015) 236 FCR 199

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