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Knox D’Arcy Operations Ltd and Another v Manches Llp; CA 7 Feb 2013

References: [2013] EWCA Civ 33
Links: Bailii
Coram: Pill, Rimer Black LJJ
The defendant solicitors appealed, asking whether, as they claimed, they were entitled to use money held in their client account in settlement of outstanding fees owed by Templeton Insurance Limited (‘Templeton’), a wholly-owned subsidiary of Operations. The claimants’ contrary case was that, before Manches received such money, they had been given notice of the assignment of the beneficial entitlement to it by Templeton (via Investments) to Operations so that it followed that, having received the money with notice of and subject to such assignment, they were not entitled to retain and use it in settlement of fees owed by Templeton.

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