The facts of this case are true but the identity of the parties is being kept secret deliberately.

C purchase a property in 1990 for £100,000 and used a solicitor (D) to do the usual legal work. D negligently failed to notice that the property was the subject of a compulsory order and would be demolished in 1996.

D admitted negligence but denied that C had suffered any loss because when the property is demolished in 1996 the developer would pay C the full open market value of the property at that time.

C claimed that although if damages were assessed in 1996 it was indeed likely that he would suffer no loss damages should be assessed either at the time of the breach – 1990 – or at the very latest, the time when the property is in fact sold. C sold the property by auction in 1992 for

Read the full article The law and complex financial calculations