Last updateTue, 24 Feb 2015 5pm

CONSTRUCTION FOCUS: Information or advice?

28 November 2017  

John Starr reports on two recent decisions that have reaffirmed the SAAMCO principle in cases of alleged negligence, highlighting the difference between informing and advising

At a time when interest rates have just increased from 0.25% to 0.5% per annum (sensationalised by the media as ‘the first interest rate rise in a decade!’), I am reminded of the last time we had a downturn in the economy, back in 1989. Back then, the housing market collapsed and interest rates briefly hit 15%.

Additional Info

  • Case(s) Referenced:

    BPE Solicitors & anor v Hughes-Holland [2017] UKSC 21

    Banque Bruxelles Lambert SA v Eagle Star Insurance Co Ltd [1995] 2 All ER 769

    Governors and Company of the Bank of Ireland & anor v Watts Group plc [2017] EWHC 1667 (TCC)

    South Australia Asset Management Corporation v York Montague Ltd [1996] UKHL 10