Two bites of the apple- limitation in professional negligence cases
We advised a large global corporate concerning tax advice received from a well-known accountancy firm that had given rise to a substantial unexpected additional tax payment request from HMRC following the completion of a significant corporate transaction.
Our client first approached us when liability had already been accepted by the professional advisors but the quantification of loss and associated negotiations were proving problematic and our client required our strategic expertise and knowledge is this field to assist in achieving the best possible outcome. Following our instruction, a speedy settlement in which the majority of the losses were recovered by our client, was reached.
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