Economic Loss

June 18th, 2021

Manchester Building Society v Grant Thornton (2021) UKSC 20 is concerned with the scope of the duty of care in negligence in relation to the recovery of damages for the economic loss, and the liability of professional advisers. One looks to see what risk the duty was supposed to guard against and then look to see whether the loss suffered represented the fruition of that risk. The focus should be on identifying the purpose to be served by the duty of care assumed by the advisers.

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