Setting Up A Designated Deposit Account

Mondaq Business BriefingUnited Kingdom Law Articles in English (2008)

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Setting Up A Designated Deposit Account

The principle that retention is held on trust is a well established one. However the recent case of Bodill & Sons (Contractors) Limited v Harmail Singh Mattu [2007] EWHC 2950 which came before Mr Justice Akenhead answers certain questions about the manner in which those trust accounts should be set up. In particular, the case provides important guidance as ...

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