The wrong valuation method landed a surveying firm with a hefty negligence bill. Property valuers Christie were found liable after they over-valued three seaside gaming arcades by £1 million. Barclays Bank appointed Christie to value three arcades in Great Yarmouth. …read more
Northern Rock brings £100m claim against Eversheds
Northern Rock Asset Management (NRAM) is suing international law firm, Eversheds, in a claim worth £100m. NRAM says it became liable to refund all the charges and interest it had charged to borrowers on loans following negligent advice from Eversheds….read more
IFAs can be liable for execution-only advice
Financial advisers can be deemed to have given advice and be held liable for giving advice – even where they believe that they have clearly stated that they are acting on an execution-only basis. A recent Financial Ombudsman Service (FOS)…read more
Cost of litigation in the spotlight
Detailed assessment of legal costs is required by the courts, even when these are within the overall budget following a recent ruling. The decision will help to keep the cost of litigation under control and will benefit insurers which usually…read more
New protocol to streamline construction and engineering disputes
Construction and engineering disputes may be managed more efficiently in future following the introduction of a revised pre-action protocol. Time limits have been shortened, paperwork simplified and an independent referee introduced. The revised pre-action protocol for construction and engineering disputes…read more
