Litigation Recent Decisions 11/02/97

Duty of care only owed to relevant parties

(1) BCCI (Overseas) (in liquidation) (2) BCCI Holdings (Luxembourg) (in liquidation) (3) BCCI (plaintiffs) v (1) Price Waterhouse & ors (2) Ernst & Whinney & ors (defendants) (1997)

Summary: An auditor does not owe a duty of care to the world at large when performing an audit.