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Traditional causation principles affirmed in financial services mis-selling cases
Practical Law UK Legal Update Case Report 2-200-7541 (Approx. 3 pages)
Traditional causation principles affirmed in financial services mis-selling cases
In its recent decision in the case of Beary v Pall Mall Investments [2005] All ER (D) 234 (Apr), the Court of Appeal has rejected an attempt to extend the policy considerations in Chester v Afhsar [2004] 4 All ER 587 to financial services mis-selling cases. This is an important result for professionals working in the financial services sector, and their insurers, as it affirms that traditional causation principles will continue to be applied to negligence cases brought in this field.
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Resource ID 2-200-7541© 2024 Thomson Reuters. All rights reserved.
Law stated as at 13-May-2005
Resource Type Legal update: case report
Jurisdiction
Related Content- United Kingdom