Court considers the effectiveness of a limitation of liability clause
In a case involving the alleged negligent valuation of shares2, the court considered the effectiveness of a limitation of liability clause contained in an accountant's engagement letter.
DLA Phillips Fox - 25 Oct 2007 Trade and Transport Bulletin - Distributing a limitation fund to a reluctant plaintiff When a limitation fund is properly established under the Convention on Limitation of Liability for Maritime Claims, 1976, it is rare to find a plaintiff reluctant to take the money when offered.