Landmark decision in Professional Negligence case
10 April 2017
The Supreme Court recently handed down its judgment in the case of BPE Solicitors v Hughes-Holland (in substitution for Gabriel). The decision revisits the seminal ‘SAAMCO’ case which placed a limit on the liability of professional advisors (often referred to as the ‘SAAMCO cap’). The BPE decision clarifies the application of the principles to solicitors’ claims and, importantly, overturns a body of case law which had created an exception to the ‘SAAMCO cap’. It thereby all but sweeps away so-called ‘no transaction’ claims. Click here for further information on the case.