On appeal from: [2012] EWCA Civ 415.

By a majority, the Limitation Act 1980, s 21(1)(a) did not disapply the statutory limitation period for actions against accessories to a fraudulent breach of trust. S 21 was concerned only with actions against true trustees, and a constructive trust of the kind alleged against the Bank is not a true trust but merely a basis for granting equitable relief.

For judgment, please download: [2014] UKSC 10
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