The Law Reports (Appeal Cases)
[1997] AC 191
[HOUSE OF LORDS]
SOUTH AUSTRALIA ASSET MANAGEMENT CORPORATION Respondents and YORK MONTAGUE LTD. Appellants
UNITED BANK OF KUWAIT PLC. Respondents and PRUDENTIAL PROPERTY SERVICES LTD. Appellants
NYKREDIT MORTGAGE BANK PLC. Respondents and Appellants EDWARD ERDMAN GROUP LTD. (Formerly EDWARD ERDMAN (An Unlimited Company)) Appellants
[On appeal from BANQUE BRUXELLES LAMBERT S.A. v. EAGLE STAR INSURANCE CO. LTD.]
1996 Jan. 29,
30,
31;
Feb. 1, 5, 6;
June 20
Feb. 1, 5, 6;
June 20
Lord Goff of Chieveley, Lord Jauncey of Tullichettle, Lord Slynn of Hadley, Lord Nicholls of Birkenhead and Lord Hoffmann
Damages
— Measure of damages
— Surveyor's report
— Plaintiffs lending money on basis of surveyor's negligent valuation
— Subsequent general fall in property market and default by borrowers in repayment of loans
— Plaintiffs obtaining possession and selling properties at price below valuation
— Whether loss attributable to market fall recoverable