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Valuer`s negligence

Language: English Series: Property Journal ; 19(2) March 1994, 15(1)Publication details: 1994Subject(s): Summary: "Banque Bruxelles Lambert SA v Eagle Star Insurance Company Ltd" CC 21 December 1993. Held that as neither the bank nor the insurance company were relying on the 1989 valuation, found negligent, to guard against a fall in market values, the valuer was not liable for the resulting loss.

"Banque Bruxelles Lambert SA v Eagle Star Insurance Company Ltd" CC 21 December 1993. Held that as neither the bank nor the insurance company were relying on the 1989 valuation, found negligent, to guard against a fall in market values, the valuer was not liable for the resulting loss.