(Source: Eversheds LLP) Construction and engineering - Articles 15-10-2015 In the recent case of Lloyds Bank Plc v McBains Cooper Consulting Ltd [2015] EWHC 2372 (TCC) the Court considered the extent to which a funder could recover losses from a negligent technical adviser despite the Funder's failures to properly engage with the technical adviser at the relevant times. Lloyds ('the Funder') provided a loan facility in the sum of £2.625 million to a project entity ('the Borrower'). McBains ('the Project Monitor') was...
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