Date:

Court refuses to dismiss third party claim for economic loss against solicitor

 

Northern Rock (Asset Management) plc v Jane Steel and Bell & Scot LLP
Outer House, Court of Session
27 February 2014

Catriona Hunter comments on this case in which the Court of Session considered a claim for damages against a solicitor who had acted for a company that had borrowed funds from the Claimant. The Claimant maintained that, relying on the terms of an email received from the solicitor, it had discharged a standard security when this should only have been restricted. As a result, the Claimant had only received partial repayment of the loan and argued that the solicitor was responsible for its loss.

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