Ways to stay afloat
Vara, Beverley
Ways to stay afloat - 2009 - Estates Gazette (0904) 24 January 2009, 98-99(2) .
Article states that valuations during a downturn will usually be under more intense scrutiny than might normally be expected. Illustrates the key principles that valuers should be careful to stick to so as to avoid claims for damages. These principles are summed up as: valuers should ensure that they know their duty to the client and then carry it out; if a valuer has breached their duty to a client they are not automatically liable for the totality of the client's loss and that valuer's should enter into dialogue with the other side as soon as possible. Highlights recent case law on the subject.
PLATFORM FUNDING LTD V BANK OF SCOTLAND PLC (FORMERLY HALIFAX PLC)
SOUTH AUSTRALIA ASSET MANAGEMENT CORPORATION V YORK MONTAGUE LTD
EARL OF MALMESBURY V STRUTT & PARKER
KEYDON ESTATES LTD V EVERSHEDS LLP
SMITH V ERIC S BUSH
United Kingdom--
Ways to stay afloat - 2009 - Estates Gazette (0904) 24 January 2009, 98-99(2) .
Article states that valuations during a downturn will usually be under more intense scrutiny than might normally be expected. Illustrates the key principles that valuers should be careful to stick to so as to avoid claims for damages. These principles are summed up as: valuers should ensure that they know their duty to the client and then carry it out; if a valuer has breached their duty to a client they are not automatically liable for the totality of the client's loss and that valuer's should enter into dialogue with the other side as soon as possible. Highlights recent case law on the subject.
PLATFORM FUNDING LTD V BANK OF SCOTLAND PLC (FORMERLY HALIFAX PLC)
SOUTH AUSTRALIA ASSET MANAGEMENT CORPORATION V YORK MONTAGUE LTD
EARL OF MALMESBURY V STRUTT & PARKER
KEYDON ESTATES LTD V EVERSHEDS LLP
SMITH V ERIC S BUSH
United Kingdom--