Al Saudi Banque v Clarke Pixley (A Firm)

JurisdictionEngland & Wales
Judgment Date1989
Date1989
Year1989
CourtChancery Division
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34 cases
  • Stone and Rolls Ltd ((in Liquidation)) v Moore Stephens (A Firm)
    • United Kingdom
    • House of Lords
    • 30 July 2009
    ...This is because the shareholders' interests are protected by the duty owed to the company. No duty is owed to creditors - Al Saudi Banque v Clarke Pixley [1990] Ch 313. The Auditing Standards require auditors who have reason to suspect that the directors of a company are behaving fraudulen......
  • Caparo Industries Plc v Dickman
    • United Kingdom
    • House of Lords
    • 8 February 1990
    ...that such a duty was owed by auditors to a bank lending to a company was emphatically and convincingly rejected by Millett J. in Al Saudi Banque v. Clark Pixley [1989] 3 All E.R. 361. The only support for an unlimited duty of care owed by auditors for the accuracy of their accounts to all ......
  • Standard Chartered Bank and Another v Coopers & Lybrand (sued as a firm)
    • Singapore
    • High Court (Singapore)
    • 15 September 1993
    ...loss arising out of their mis-statement to the financiers of the company: at [13] and [37]. Al Saudi Banque v Clark Pixley (a firm) [1990] Ch 313 (folld) Candler v Crane Christmas & Co [1951] 2 KB 164; [1951] 1 All ER 426 (refd) Caparo Industries plc v Dickman [1990] 2 AC 605; [1990] 1 All ......
  • Woolaston (Leo Hugh) and Others v Aubrey George Brown and Others
    • Jamaica
    • Supreme Court (Jamaica)
    • 1 July 2008
    ...the operation of the right of survivorship which arises in a joint tenancy. To use the words of Millett J. (as he then was) in Al Saudi Banque v Clark Pixley [1990] Ch. 313, 335, in the case of CSM, "there was in contemplation not only a particular and identified recipient of the informati......
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6 books & journal articles
  • Pure Economic Loss in Negligence: Has England got it wrong? Does Australia have it right?
    • United Kingdom
    • Southampton Student Law Review No. 1-1, January 2011
    • 1 January 2011
    ...Cases and Material, (1st edn, OUP, United Kingdom, 2007) 371 44Smith v Eric (n 43) 45Ibid at 865 46 Al Saudi Banque v Clark Pixley [1989] 3 All ER 361, 367 47Caparo (n 2) 48[1978] AC 728, 753 (HL) 49 Murphy v Brentwood District Council [1990] 2 All ER 908 (HL) 50Murphy, J, Street on Torts, ......
  • Auditors' Liability for BCCI
    • United Kingdom
    • Emerald Journal of Financial Crime No. 1-4, January 1994
    • 1 January 1994
    ...of Professional Advisers: Caparo and After', Journal of Business Law, January, pp. 36-49. 6 [1981] 3 All ER 289, [1983] 1 All ER 583. 7 [1990 Ch 313. 8 [1989 QB 653. 9 [1990] 2 AC 605. The decision in Caparo has been subjected to extensive analysis; see, for example, Weir, A. (1990), 'Statu......
  • The Jersey Limited Liability Partnership: A New Legal Vehicle for Professional Practice
    • United Kingdom
    • Wiley The Modern Law Review No. 60-4, July 1997
    • 1 July 1997
    ...Industries plc vDickman [1990] 2 AC 605; James McNaughton Paper Co Ltd vHicks,Anderson and Co [1991] 2 QB 113; Al Saudi Banque vPixley [1990] Ch 313; Berg, Sims and Co LtdvAdams [1993] BCLC 1045; and Anthony vWright [1995] 1 BCLC 236.22 ADT Limited vBDO Binder Hamlyn [1996] BCC 808. At the ......
  • DEVELOPMENTS IN THE LAW RELATING TO NEGLIGENT MISSTATEMENTS: ANY RECOURSE FOR INVESTORS AND CREDITORS?
    • Singapore
    • Singapore Academy of Law Journal No. 1992, December 1992
    • 1 December 1992
    ...“The Negligent Auditor and Shareholders”1990 V 106 LQR 349. 7 [1991] 1 All ER 134. 8 [1991] 1 All ER 148. 9 [1990] 1 WLR 1390. 10 [1989] 3 All ER 361. 11 This has been tirelessly reiterated in Caparo, ibid, at pp. 573—574, 584—587, McNaughton Papers Group Ltd v. Hicks Anderson & Co (a firm)......
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