Section 21 Limitation Act 1980 applies only to true trustees (Supreme Court) | Practical Law

Section 21 Limitation Act 1980 applies only to true trustees (Supreme Court) | Practical Law

In Williams v Central Bank of Nigeria [2014] UKSC 10, a majority of the Supreme Court allowed an appeal by the bank, finding that the claim against it was time-barred. The judgment considers the scope of section 21(1) of the Limitation Act 1980 in relation to claims by a beneficiary of a constructive trust, and the distinction between claims based on knowing receipt and dishonest assistance in breach of trust.

Section 21 Limitation Act 1980 applies only to true trustees (Supreme Court)

Practical Law UK Legal Update Case Report 0-558-2154 (Approx. 10 pages)

Section 21 Limitation Act 1980 applies only to true trustees (Supreme Court)

Published on 26 Feb 2014England, Wales
In Williams v Central Bank of Nigeria [2014] UKSC 10, a majority of the Supreme Court allowed an appeal by the bank, finding that the claim against it was time-barred. The judgment considers the scope of section 21(1) of the Limitation Act 1980 in relation to claims by a beneficiary of a constructive trust, and the distinction between claims based on knowing receipt and dishonest assistance in breach of trust.