Law firm not liable to loan losses, says appeal court – Law Society’s Gazette

Posted February 3rd, 2011 in banking, damages, negligence, news, solicitors, ultra vires by sally

“A law firm that gave negligent advice to a bank before the bank lost £28m in loans advanced to two local authorities does not have to reimburse those losses, the Court of Appeal ruled last week.”

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Law Society’s Gazette, 3rd February 2011

Source: www.lawgazette.co.uk