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#equity #law #strangers
In El Ajou v Dollar Land Holdings plc [1994] 2 All ER 685 at 700 Hoffmann LJ identified three requisite elements of a ‘knowing receipt’ claim.
  1. A disposal in breach of fiduciary duty.
  2. The beneficial receipt by the defendant of assets which are traceable assets of the claimant.
  3. Knowledge on the part of the defendant that the assets are traceable to a breach of fiduciary duty.
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