El Ajou v Dollar Land Holdings plc

El Ajou v Dollar Land Holdings plc
Citation(s)	[1993] EWCA Civ 4, [1993] 3 All ER 717
Keywords
Receipt, ignorance

El Ajou v Dollar Land Holdings plc [1993] EWCA Civ 4 is an English trusts law case concerning receipt of property in breach of trust.

Mr Murad, an investment manager held El Ajou’s money but was bribed to invest in fraudulent share selling operations run by three Canadians. The proceeds got invested in Dollar Land Holdings plc, and El Ajou sought restitution on the basis it was a knowing recipient in equity.

Millett J, 739, assumed that negligence, rather than dishonesty, triggered liability in equity for knowing receipt.

Court of Appeal overturned Millett J on the finding that the recipient company had sufficient knowledge, adopting another analysis of the facts.

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