The Business Law Reports
[2013] Bus LR 1379
Queen’s Bench Division: Bristol
Tidal Energy Ltd
v
Bank of Scotland plc
[2013] EWHC 2780 (QB)
2013 Sept 13
Judge Havelock-Allan QC sitting as a High Court judge
Banking— Payment— Liability— Claimant authorising defendant bank to transfer funds by CHAPS transfer to named recipient— Claimant correctly naming intended recipient but giving incorrect account number and sort code— Funds credited to holder of account number and sort code— Whether transaction complete— Whether defendant liable to re-credit funds to claimant’s account