Posts from Fountain Court Chambers

Manchester Building Society v Grant Thornton UK LLP: how far are professionals liable for the consequences of their advice?

In Manchester Building Society v Grant Thornton UK LLP, the Commercial Court held that the defendant, a firm of accountants, was not liable for substantial losses suffered on unprofitable transactions which had been entered into as a consequence of advice received from the defendant, even though the losses were foreseeable and caused by the negligent … Continue reading Manchester Building Society v Grant Thornton UK LLP: how far are professionals liable for the consequences of their advice?

What happens abroad… disclosing foreign proceedings

How much does an applicant for a freezing order need to tell the English court about other claims it is conducting abroad? This is a significant question for any lawyer involved in cross-border litigation, and was the main issue at stake in the High Court decision in Banca Turco Romana v Kamuran Cortuk and others.