In
Elliott v Hattens Solicitors, Lord Justice Newey concluded ithat the claim was statute-barred because it was issued more than six years after a flawed lease transaction between the Essex firm and its former client.
The judge said that damage was caused to the claimant as soon as the lease and underlease were entered into. ‘It seems to me that the cause of action accrues at the outset,’ Newey LJ said. ‘If negligence on the part of a solicitor served to reduce the market value of an asset, the claimant cannot, in my view, defer the expiry of the limitation period by pointing out that he was not intending to sell it.’
Vladimir Putin s billionaire judo partner, 69, and his ex-wife in divorce showdown in London court
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SIPP investor Adams wins Court of Appeal battle against Carey Pensions
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Landmark court ruling turns client losses back on Sipp provider
By Michael Klimes 1
st April 2021 12:36 pm
The Court of Appeal has overturned a landmark judgment, ruling that a Sipp provider was in fact responsible for their ex-client’s losses.
The judgment marks a watershed over how much responsibility a Sipp provider has to vet unregulated investments.
It also brings to a conclusion several years of legal wrangling between Russell Adams and his old Sipp provider Options UK Personal Pensions LLP.
Options, formerly known as Carey Pensions UK, was fighting to maintain a key judgment it won in May 2020 against its former client Adams.
Profoundly important : Experts discuss Court of Appeal Carey Pensions ruling
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