KINGSCROFT INSURANCE CO LTD AND OTHERS V H S WEAVERS (UNDERWRITING) AGENCIES LTD

(1993) 2 Re LR 295

Chancery Division

Before Mr Justice Harman

Agency - Deposits - Underwriting and managing agent - Deposits placed in name of principals - Principals insolvent - Whether agent had interest in deposits either by way of charge or as beneficiary under constructive trust - Whether trust relationship was constituted by agency agreement - Whether deposits part of specified fund available for payment of debts due from principal to agent.