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Danish bank to sue Ellis

Language: English Series: Daily Telegraph ; 18 April 1994, 23(1)Publication details: 1994Subject(s): Summary: A Danish bank is accusing Richard Ellis of valuing a London site at £37m when it was worth only £6.8m. Nykredit bank claims that it lost substantially when it used Ellis`s valuation against the property and that the alleged wrong valuation put it in breach of Danish banking law.

A Danish bank is accusing Richard Ellis of valuing a London site at £37m when it was worth only £6.8m. Nykredit bank claims that it lost substantially when it used Ellis`s valuation against the property and that the alleged wrong valuation put it in breach of Danish banking law.