Judgment Date: 02 Mar 2016
The court examined the principles of tracing and determined that where a fiduciary had paid trust money into one account and its own money into another account held at the same bank, the funds could not be said to have been mixed. In such circumstances, the principles of tracing established in Hallett's Estate, Re (1880) 13 Ch. D. 696 rather than those established in Oatway, Re  2 Ch. 356 applied.