WebManchester BS v Grant Thornton . the most salient facts relevant to the appeal will be referred to, with references being given to applicable paragraphs in the judgment. 11. MBS is a small mutual building society [3]. GT is a well known firm of accountants WebJun 18, 2024 · The UK’s sixth-largest accounting firm was sued by Manchester Building Society, a former audit client, after Grant Thornton negligently advised the mutual in …
UK Supreme Court Win for Manchester Building Society
WebThe Manchester Building Society (“MBS”) sought damages for breach of contract, negligence and/or breach of statutory duty in the sum of £48.5 million from its former auditor, Grant Thornton. Grant Thornton admitted negligence but submitted that no … WebMar 16, 2015 · Manchester Building Society is suing the accountancy firm Grant Thornton for £49m. The society accuses the accountants of negligence over their auditing of its accounts between 2006 and 2013 ... chinese body time clock
7KBW team succeeds in seminal Supreme Court case on the ... - Home - 7KBW
WebJun 30, 2024 · In the backdrop of above, the appeal was allowed and it was held that Grant Thornton was liable to pay the overall net loss of (approximately) £26.7m to the said society, subject to a 50% reduction for contributory negligence.[Manchester Building Society v. Grant Thornton UK LLP, (2024) 3 WLR 81, decided on 18-06-2024] WebJun 21, 2024 · The Supreme Court handed down on Friday 18 June 2024 landmark decisions in the cases of Manchester Building Society v Grant Thornton UK LLP and Khan v Meadows. The cases were heard by a specially constituted panel of seven Supreme Court justices to provide general guidance regarding the proper approach to determining the … WebThe UK Supreme Court has significantly reformulated the scope of duty test that applies in cases of professional negligence. It handed down its decision in the case of Manchester … grandchildren or grand-children