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Case study

The one where
money paid on account but not used for what was intended

Advised an individual in relation to payment of money on account to a third-party agent to purchase precious metal products for him.  The agent company thereafter used those monies held for their own purchase in breach of what is known as a “quistclose trust”.

The client successfully secured a freezing injunction in excess of £150,000 against the agent company and its director (thereby piercing the corporate veil), which led to successful proceedings and recovery of the judgment sum together with costs.

  • Case Study
  • Sector
    Manufacturing and Engineering
  • Service
    Breach of trust
  • Service
    Freezing Injunctions

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Tenet Compliance & Litigation Limited
Sterling House, 71 Francis Road, Edgbaston, Birmingham B16 8SP


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Tenet Compliance & Litigation Limited. Registered Office, Sterling House, 71 Francis Road, Edgbaston, Birmingham B16 8SP. Registered in England and Wales. Registered No: 09776405. Authorised and regulated by the Solicitors Regulation Authority. SRA Identification No. 626562.

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