The WLR Daily case summaries
[2024] WLR(D) 269
King’s Bench Division
Terna Energy Trading doo v Revolut Ltd
[2024] EWHC 1419 (Comm)
2024 Feb 27; June 12
Judge Paul Matthews sitting as a High Court judge
Restitution— Unjust enrichment— Ingredients of claim— Fraudster inducing claimant to make international transfer of funds to account at defendant electronic money institution— Fraudster immediately dissipating funds— Claimant bringing claim in unjust enrichment against defendant— Whether defendant enriched despite being required to keep customer funds in segregated account— Whether in absence of direct dealings between parties defendant enriched at claimant’s expense