Wills & Trusts Law Reports | March 2015 #147The appellant bank instructed the respondent solicitors to act in relation to a £3.3m re-mortgage on behalf of themselves and the borrowers. The borrowers’ property (the property) was already subject to a first charge in favour of Barclays. A part of the respondent’s instructions was to redeem the outstanding Barclays mortgage and to secure a first charge against the property in the appellant’s favour.
Due to an oversight, the respondents paid only £1,23m of the outstanding £1.5m Barclays loan and then transferred the balance to the borrowers. Having realised their error, the resp...
Martin Meredith reviews the implications of recent case law on in-house lawyers In-house lawyers are like no other employee – by reason of their role, they hold a position of trust, influence and confidence, acting solely in the interests of their employer/client. The Court of Appeal’s decision in Generics (UK) Ltd v Yeda Research & …
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