Terna Energy Trading doo v Revolut Ltd

Subject Matter

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

[2024] EWHC 1419 (Comm); [2024] Bus LR 1401; [2025] 2 All ER 525; [2025] 1 All ER (Comm) 941; [2024] WLR(D) 269, KBD