The Business Law Reports
[2014] Bus LR 1167
Court of Appeal
Tidal Energy Ltd
v
Bank of Scotland plc
[2014] EWCA Civ 1107
2014 June 23;
July 31
Lord Dyson MR, Tomlinson, Floyd LJJ
Banking— Payment— Liability— Claimant authorising bank to transfer funds electronically 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 in accordance with usual banking practice governing such transactions— Whether bank entitled to make payment on basis of sort code and account number without reference to account name— Whether liable to re-credit funds to claimant’s account