Terna Energy Trading doo v Revolut Ltd

Terna Energy Trading doo v Revolut Ltd

The defendant was enriched in the technical legal sense by receipt of funds, and such enrichment was at the expense of the claimant either by agency or coordinated transaction; summary determination is inappropriate and the claim must proceed to trial.

Parties
Claimant/respondent: Terna Energy Trading doo; Defendant/applicant: Revolut Ltd
Jurisdiction
England and Wales
Judgment Date
06 December 2024
Procedural Posture
Commercial Claim / Application for Reverse Summary Judgment or Strike Out
Outcome
application dismissed
Legal Topics
Unjust Enrichment, Summary Judgment, Agency, International Payments, Electronic Money Regulations
Commercial Law Banking Law Restitution Unjust Enrichment Summary Judgment Agency International Payments Electronic Money Regulations

Case Brief

Summary, issues, holding and outcome

More case intelligence is available

Unlock the full research layer for this judgment.

Full judgment text Downloadable case file Legal principles 6 Authorities cited 35 Party arguments 2 Amounts and remedies 2
Sign in to unlock

Parties

Terna Energy Trading doo

Claimant/respondent

Revolut Ltd

Defendant/applicant

Procedural Posture

Commercial Claim / Application for Reverse Summary Judgment or Strike Out

Legal Issues

  1. 1 Whether the defendant was enriched for purposes of unjust enrichment
  2. 2 Whether any enrichment was at the expense of the claimant

Ratio Decidendi

The defendant was enriched in the technical legal sense by receipt of funds, and such enrichment was at the expense of the claimant either by agency or coordinated transaction; summary determination is inappropriate and the claim must proceed to trial.

Court Disposition

application dismissed

Orders

  • The application for reverse summary judgment or strike out is dismissed.
  • The claim will proceed to trial.