Contributory negligence involving overseas European banks in property valuation negligence cases in the UK

Abstract

Examines the phenomenon of cross‐border property lending and some issues regarding lending procedures and decision‐making processes in the context of the relationship between lender and professional adviser. Commences by placing these procedures and processes in the context of the development of cross‐border European property investment and finance. The UK has been a popular destination for overseas investors and lenders over the last decade and is therefore used as a case study to examine the additional institutional risk that overseas lenders may face when operating outside of their own country and obtaining advice from home professionals. The research identified a lack of clarity in roles and relationships between lender and adviser, difficulties in communications both internally and between overseas branches and headquarters and failures in provision and interpretation of advice. Concludes by identifying the issues which may need to be addressed generally by lenders and their advisers, when lenders are operating in overseas markets.

Citation

Crosby, N., Lavers, A. and Murdoch, J. (1998), "Contributory negligence involving overseas European banks in property valuation negligence cases in the UK", Journal of Property Valuation and Investment, Vol. 16 No. 3, pp. 273-296. https://doi.org/10.1108/14635789810221751