Professional negligence

Liability

Manchester Building Society v Grant Thornton UK LLP

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  • Supreme Court
  • 18 June 2021
  • Lord Reed (P), Lord Hodge, Lady Black, Lord Kitchin, Lord Sales, Lord Leggatt and Lord Burrows
  • [2021] UKSC 40
  • [2021] EGLR 34

Professional negligence – Liability – Auditor – Respondent auditor negligently advising appellant about applicability of hedge accounting to reduce effect of volatile mark-to-market value of interest rate swaps – Whether court wrongly concluding respondent not liable for losses incurred

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