Bircham Dyson Bell has successfully defended a professional negligence claim brought against it by a property developer client despite the firm admitting breach of duty in the High Court.
In a judgment this week Mrs Justice Proudman ruled the firm must pay “nominal damages” to Harding Homes after it admitted giving the wrong advice on a loan guarantee.
Bircham partner Michael Parker was also admonished in the ruling as the judge said he had been “sloppy” in dating documents and that he was “ashamed of his mistake and thus sought to minimise it”.
However Proudman J dismissed Harding Homes’ claim that Parker’s advice lost them millions of pounds in negotiations over a property sale with its bank.
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