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Law digests: 2 July 2021

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02 July 2021
Issue: 7939 / Categories: Case law , In Court , Law digest
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Damages

Manchester Building Society v Grant Thornton UK LLP [2021] UKSC 20, [2021] All ER (D) 45 (Jun)

Manchester Building Society (MBS) succeeded in its appeal against Grant Thornton LLP (GT) for negligent advice given to MBS regarding the use of ‘hedge accounting’ to adjust the value of its mortgages on the balance sheet so as to eliminate or reduce the volatility risk. The Supreme Court held that, applying the correct analysis, the judge and the Court of Appeal, Civil Division, were wrong to hold that the loss sustained by MBS in reliance on GT’s negligent advice was not within the scope of GT’s duty. They should have concluded that it was a loss from which GT had owed a duty of care to protect the society. The loss had been caused by a matter which GT had negligently failed to appreciate and report to MBS and which had made its advice wrong.

Discrimination

Forstater v CGD Europe and others [2021] All ER (D) 62 (Jun)

The claimant held gender-critical beliefs,

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