PROPERTY FRAUD: WHO WILL BE LIABLE AND FOR WHAT?

Taylor Wessing on 22nd June published a briefing that deals with the liability of the seller’s and purchaser’s solicitors in the event of a fraudulent property transaction in the UK.  The case is also important because it may have an impact on how property transactions, and their registration, are conducted going forward.  The case deals with 2 very similar frauds on residential property, and the facts in each case are described as “alarming”.  In both cases, a fraudster pretended to own registered residential property in London. The fraudsters instructed solicitors, who thought they were acting for the real owners of the properties.  The firm provides advice for purchasers and sellers in the light of the cases.

P&P Property Ltd v Owen White & Catlin LLP and Dreamvar (UK) Ltd v Mishcon de Reya (A Firm) [2018] EWCA Civ 1082

https://united-kingdom.taylorwessing.com/en/insights/red-alert/property-fraud-who-will-be-liable-and-for-what

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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