In this edition of Favourite Cases, Peter Dodge tells the story of Target Holdings v Redferns [1996] AC 421.

Peter says: “Target pioneered the novel use of trust law in a professional negligence context. It shows the importance, when analysing any failed transaction, of “following the money”: that is to say, identifying through whose hands it has passed and considering whether those persons were subject to any trust or other fiduciary obligations. It has proved to be of lasting significance.”

Favourite Cases is a Radcliffe Chambers project for August 2020, which takes a look at interesting and important chancery and commercial decisions.

You can read Peter’s full summary here.