Tidal Energy Ltd v Bank of Scotland plc

Subject Matter

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

[2013] EWHC 2780 (QB); [2013] Bus LR 1379; [2013] CN 1405; [2013] 2 Lloyd’s Rep 605, QBD

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