Assessment of damages: benefits of avoiding loss | Practical Law

Assessment of damages: benefits of avoiding loss | Practical Law

The Court of Appeal has held that, when assessing the damages to be paid by negligent accountants, the fact that part of the loan advanced on the basis of the accountants’ advice had been repaid should not be taken into account to reduce the award.

Assessment of damages: benefits of avoiding loss

Practical Law UK Articles 2-618-2941 (Approx. 3 pages)

Assessment of damages: benefits of avoiding loss

by Herbert Smith Freehills LLP and Practical Law Dispute Resolution
Published on 27 Aug 2015United Kingdom
The Court of Appeal has held that, when assessing the damages to be paid by negligent accountants, the fact that part of the loan advanced on the basis of the accountants’ advice had been repaid should not be taken into account to reduce the award.