Whether a duty of care exists from the auditors of a subsidiary, towards its parent company is a triable issue.
Citations:
Times 06-Dec-1996, [1997] 1 BCLC 427
Jurisdiction:
England and Wales
Citing:
Appeal from – Barings Plc and Another v Coopers and Lybrand (A Firm) and Others ChD 13-Aug-1996
The need to reach one conclusion justified service of proceedings overseas on a firm’s partners, where there was a genuine issue to be decided . .
Cited by:
Cited – Johnson v Gore Wood and Co HL 14-Dec-2000
Shareholder May Sue for Additional Personal Losses
A company brought a claim of negligence against its solicitors, and, after that claim was settled, the company’s owner brought a separate claim in respect of the same subject-matter.
Held: It need not be an abuse of the court for a shareholder . .
Lists of cited by and citing cases may be incomplete.
Professional Negligence
Updated: 08 April 2022; Ref: scu.78228
