- July 28, 2017
Swynson Ltd v Lowick Rose LLP: bending the law on damages to the point of breaking?
The facts In 2006, Swynson Ltd proposed to lend £15m to finance a management buy-out. It instructed Lowick Rose LLP (then called Hurst, Morrison Thomson (HMT)) to carry out due diligence on the target company. HMT did so negligently. But for its negligence, the loan would not have been made.