Home Information Cases Barclays Bank PLC v Hammersmith LBC (1991)

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Barclays Bank PLC v Hammersmith LBC (1991)

Summary

State of mind of payer & payee may be relevant in unjust enrichment investigation

Facts

Appeal by plaintiffs against order granting leave to defendants to amend their points of defence to claims by the bank for restitution of sums paid to the council purportedly pursuant to certain financial transactions including interest rate swap contracts.

Held

In Hazell [FN 1] the contract had been held to be ultra vires the council. In ascertaining where unjust enrichment had occurred there could be no objection to including in the investigation the state of mind of the payer and the payee. Appeal dismissed.

Court of Appeal (Civil Division)
Judgment date
21 November 1991
References

The Times, November 27, 1991

Practice areas

trusts-and-settlements,Trusts & Settlements