The court was asked whether a defendant vendor of shares in a company, who is sued by the purchaser for breach of the warranties in the share sale agreement, can seek a contribution, pursuant to section 1 of the Civil Liability (Contribution) Act 1978, from the purchaser’s investigative accountants on the basis that those accountants are also liable to the purchaser in respect of the same damage as the vendor of the shares.
Judges:
Lord Justice Longmore
Citations:
[2001] EWCA Civ 1446, [2002] CP Rep 7, [2002] CLC 144, [2002] PNLR 9, [2002] 1 WLR 642, [2001] CPLR 525, [2001] 2 All ER (Comm) 1050, [2002] Lloyd’s Rep PN 11
Links:
Jurisdiction:
England and Wales
Professional Negligence
Updated: 23 October 2022; Ref: scu.201389
