Setting Up A Designated Deposit Account
Mondaq Business Briefing › United Kingdom Law Articles in English (2008)
Linked as:
Mondaq Business Briefing › United Kingdom Law Articles in English (2008)
Linked as:Extract
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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