| Westdeutsche Landesbank v Islington LBC | |
|---|---|
 Entrance hall of Islington Borough Council | |
| Court | House of Lords |
| Full case name | Westdeutsche Landesbank Girozentrale v Islington London Borough Council |
| Decided | 22 May 1996 |
| Citations | [1996] UKHL 12 [1996] AC 669 [1996] 2 WLR 802 [1996] 5 Bank LR 341 [1996] 2 All ER 961 |
| Transcript | BAILII |
| Court membership | |
| Judges sitting | Lord Goff Lord Browne-Wilkinson Lord Slynn Lord Woolf Lord Lloyd |
| Laws applied | |
This case overturned a previous ruling | |
| Sinclair v Brougham [1914] | |
| Keywords | |
| Compound interest, resulting trust, unjust enrichment | |
Westdeutsche Landesbank Girozentrale v Islington LBC [1996] UKHL 12, [1996] AC 669 (22 May 1996) is a leading English trusts law case concerning the circumstances under which a resulting trust arises. It held that such a trust must be intended, or must be able to be presumed to have been intended. In the view of the majority of the House of Lords, presumed intention to reflect what is conscionable underlies all resulting and constructive trusts.
The decision was arguably the most significant of all of the local authorities swaps litigation cases.