The Weekly Law Reports
[2024] 2 WLR 237
Supreme Court
Byers and others
v
Saudi National Bank
[2023] UKSC 51
2023 July 12, 13; Dec 20
Lord Hodge DPSC, Lord Briggs, Lord Leggatt, Lord Burrows, Lord Stephens JJSC
Trusts— Breach of trust— Knowing receipt— Shares beneficially owned by claimant transferred in breach of trust to Saudi Arabian defendant— Claimant’s beneficial interest in shares extinguished or overridden by operation of Saudi Arabian law— Whether claimant having claim in knowing receipt against defendant— Whether claim requiring claimant to have continuing proprietary interest in relevant property
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