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Have financial advisers been let off the hook because of the financial crisis?
Article by Scott Simmons, Associate
Case law in the UK tells us of the importance of the duty to take reasonable care and that, if you suffer loss as a result of another party’s negligence, you can recover that loss. However, the recent case of Rubenstein v HSBC Bank has again highlighted that the loss suffered must be foreseeable if it is to be recovered.
Limitation Changes for Latent Damage Claims
A Bill to amend the Limitation Act (The Limitation (Amendment) Act 2009) was published earlier this year following which Government sought comment from the insurance and legal communities to its proposals to rebalance the position between buyer and seller when defective products or services are sold. The Act was passed in Parliament on 23 October 2009 and came into operation on 29 October 2009.