RETENTION MONIES AND IDENTIFICATION OF THE RELEVANT BANK ACCOUNT
Bodill & Sons (Contractors) Ltd v Mattu  EWHC 2950 (TCC), 30 November 2007
Bodill & Sons (Contractors) Ltd v Mattu
 EWHC 2950 (TCC), 30 November 2007, Mr Justice Akenhead held that it was insufficient for a bank to inform an employer in general terms that a new account would be opened into which retention monies would be paid. The bank must make clear that it is a trust account or that the sums in it are impressed with a trust.
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