South Australia Asset Management Corp v York Montague Ltd
South Australia Asset Management Corporation v York Montague Ltd and Banque Bruxelles Lambert SA v Eagle Star Insurance Co Ltd [1996] UKHL 10 is a joined English contract law case (often referred to as "SAAMCO") on causation and remoteness of damage. It arose out of the property crash in the early 1990s, whereby banks were suing valuers for overpricing houses in order to recover the lost market value. Owners themselves often had little or no money, since they had fallen victim to negative equity, so mortgage lenders would pursue a valuer instead to recover some losses. The legal principle arising from the case is often referred to as the "SAAMCO principle".
Baker v WilloughbyBanque Bruxelles Lambert SA v Eagle Star Insurance Co LtdC Czarnikow Ltd v KoufosCausation in English lawEnglish contract lawEquitable Life Assurance Society v HymanHadley v BaxendaleJonathan Sumption, Lord SumptionLennie Hoffmann, Baron HoffmannList of House of Lords casesMarks and Spencer plc v BNP Paribas Securities Services Trust Company (Jersey) LtdParsons (Livestock) Ltd v Uttley Ingham & Co LtdRemoteness in English lawSaamcoSaamco v York Montague LtdSmith New Court Securities Ltd v Scrimgeour Vickers (Asset Management) LtdSouth Australia Asset Management Co v York MontagueSouth Australia Asset Management Corpn v York Montague LtdSouth Australia Asset Management Corporation v York Montague LtdTarget Holdings Ltd v RedfernsTransfield Shipping Inc v Mercator Shipping IncUnited Kingdom company lawVictoria Laundry (Windsor) Ltd v Newman Industries Ltd
Link from a Wikipage to another Wikipage
South Australia Asset Management Corp v York Montague Ltd
South Australia Asset Management Corporation v York Montague Ltd and Banque Bruxelles Lambert SA v Eagle Star Insurance Co Ltd [1996] UKHL 10 is a joined English contract law case (often referred to as "SAAMCO") on causation and remoteness of damage. It arose out of the property crash in the early 1990s, whereby banks were suing valuers for overpricing houses in order to recover the lost market value. Owners themselves often had little or no money, since they had fallen victim to negative equity, so mortgage lenders would pursue a valuer instead to recover some losses. The legal principle arising from the case is often referred to as the "SAAMCO principle".
has abstract
South Australia Asset Manageme ...... to as the "SAAMCO principle".
@en
Wikipage page ID
20,530,038
page length (characters) of wiki page
Wikipage revision ID
995,891,704
Link from a Wikipage to another Wikipage
citations
[1996] UKHL 10, [1997] AC 191
@en
court
House of Lords
@en
full name
South Australia Asset Manageme ...... Erdman Group Ltd. Appellants
@en
judges
keywords
Negligent misstatement, market values, remoteness of loss
@en
name
SAAMCo v York Montague Ltd
@en
opinions
Lord Hoffmann
@en
wikiPageUsesTemplate
subject
hypernym
comment
South Australia Asset Manageme ...... to as the "SAAMCO principle".
@en
label
South Australia Asset Management Corp v York Montague Ltd
@en