R – Remoteness of damage
5/2/13
JOHN GRIMES PARTNERSHIP LTD v GUBBINS [2013] EWCA Civ 37
A consulting engineer was liable in damages to a developer of a residential development, for the drop in value of the development during the 15 month delay caused by the engineer's failure to complete work required in connection with the road and drains. The judge had been entitled to hold that losses arising from movement in the property market had been reasonably foreseeable at the time of the contract and applying conventional principles of remoteness, the loss was therefore recoverable.
12/9/12
RUBENSTEIN v HSBC BANK PLC [2012] EWCA Civ 1184
A bank which negligently advised an investor to invest in a fund was liable for the investor’s loss of capital even though the extent of loss caused by market turmoil may have been unforeseeable. It was sufficient that the risk of loss from market movements was foreseeable and was a risk which the bank had known that the investor had specifically wanted to avoid.