请输入您要查询的百科知识:

 

词条 Kleinwort Benson Ltd v Birmingham City Council
释义

  1. Facts

  2. Judgment

  3. See also

  4. Notes

  5. References

  6. External links

{{Infobox court case
| name = Kleinwort Benson Ltd v Birmingham CC
| court = Court of Appeal
| image = File:Five-Ways-and-Birmingham-Central-Mosque-II.jpg
| caption =
| date decided =
| full name =
| citations = [1996] 4 All ER 733
| judges = Evans LJ, Saville LJ, Morritt LJ
| prior actions =
| subsequent actions =
| opinions = Evans LJ, Saville LJ
| transcripts =
| keywords = restitution, unjust enrichment, loss, derivatives
}}

Kleinwort Benson Ltd v Birmingham CC [1996] 4 All ER 733 is an English unjust enrichment law case, concerning to what extent enrichment of the defendant must be at the expense of the claimant. It rejected a defence of "passing on" the gain against a claim of unjust enrichment.

Facts

Kleinwort Benson Ltd, a bank, paid Birmingham City Council money under interest rate swap agreements that were later declared to be ultra vires and void by the House of Lords.[1] The Council argued it did not have to repay the money because the bank had passed on its losses through hedging transactions long before.

Judgment

The Court of Appeal rejected that there could be a passing on defence. It rejected that there was any analogy to compensating for loss, so that it could be avoided or passed on. First, the payments received by the bank under the hedge contract were not causally connected with the payments of the bank under the swap contract. Second, the claims in unjust enrichment are not subject to a restriction on the defendant’s gain that it must correspond with loss.[2] Evans LJ gave the leading judgment, referring to American, Australian and Canadian authority outlining the problems of a passing on defence. Saville LJ gave the second judgment.

{{Cquote|He does not cease to be unjustly enriched because the payer for one reason or another is not out of pocket. His obligation to return the money is not based on any loss the payer may have sustained, but on the simple ground that it is unjust...

[The phrase "at the expense of" describes] the need for the payer to show that his money was used to pay the payee... What this expression does not justify is the importation of concepts of loss or damage with their attendant concepts of mitigation, for these have nothing whatever to do with the reason why our law imposes an obligation on the payee to repay to the payer what he has no right to retain.}}

Morritt LJ concurred.

{{Cquote|[The words at the expense of] ... do no more than point to the requirement that the immediate source of the unjust enrichment must be the plaintiff... [Subtraction relates to] ...the plaintiff’s gross wealth. The suggested defence of passing on would involve the different concept of a reduction in the net worth of the plaintiff.}}

See also

{{Clist expense}}
  • English unjust enrichment law
  • Local authorities swaps litigation

Notes

1. ^Hazell v Hammersmith and Fulham LBC [1992] 2 AC 1
2. ^Goff & Jones (2011) 6-73, argues the second part was not the ratio, the first was obiter).

References

External links

5 : English unjust enrichment case law|English derivatives case law|Court of Appeal of England and Wales cases|1996 in British law|1996 in case law

随便看

 

开放百科全书收录14589846条英语、德语、日语等多语种百科知识,基本涵盖了大多数领域的百科知识,是一部内容自由、开放的电子版国际百科全书。

 

Copyright © 2023 OENC.NET All Rights Reserved
京ICP备2021023879号 更新时间:2024/11/12 2:59:22