UK · EWHCLitigation
High Court rejects claim against Vincents despite negligent-advice finding
The High Court dismissed Niprose Investment’s claim against Vincents Solicitors despite finding negligent advice about deposit-release terms, Legal Futures reported. The court found that the breached duty did not cover losses caused by the property developer’s insolvency and the development’s failure, and that Vincents had adequately warned about those separate risks.
Key points
- Legal Futures reported that Niprose lost £300,000 in deposits on eight Liverpool apartments.Legal Futures
- The report said Vincents charged £3,796 for conveyancing.Legal Futures
- According to Legal Futures, the deposit-holder was not required to verify documents supporting requests to release funds.Legal Futures
- The report said the judge found no other breaches and that related claims remained outstanding.Legal Futures