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Unjust Enrichment by Prepayment – A Recent English Decision
Briefing
16 June 2021
2 MIN READ
2 AUTHORS
BP Oil International Ltd v Vega Petroleum Ltd and another involved successful restitutionary claims for millions of US dollars that BP Oil International Ltd (BPOI) had paid to the Defendants for crude oil that was never delivered. The Commercial Court’s judgment contains helpful analysis of the law on restitution for total failure of consideration (now more commonly referred to as failure of basis).
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