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Section 21 Limitation Act 1980 applies only to true trustees (Supreme Court)
Practical Law UK Legal Update Case Report 0-558-2154 (Approx. 10 pages)
Section 21 Limitation Act 1980 applies only to true trustees (Supreme Court)
In Williams v Central Bank of Nigeria [2014] UKSC 10, a majority of the Supreme Court allowed an appeal by the bank, finding that the claim against it was time-barred. The judgment considers the scope of section 21(1) of the Limitation Act 1980 in relation to claims by a beneficiary of a constructive trust, and the distinction between claims based on knowing receipt and dishonest assistance in breach of trust.
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Resource ID 0-558-2154© 2024 Thomson Reuters. All rights reserved.
Published on 26-Feb-2014
Resource Type Legal update: case report
Jurisdictions
Related Content- England
- Wales