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

Neil Crosby; Anthony Lavers; John Murdoch

doi:10.1108/14635789810221751

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Journal of Property Valuation and Investment

ISSN: 0960-2712
Currently published as: Journal of Property Investment & Finance
Incorporates: Journal of Property Finance

Online from: 1983

Subject Area: Built Environment

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

Document Information:
Title:	Contributory negligence involving overseas European banks in property valuation negligence cases in the UK
Author(s):	Neil Crosby, (Professor of Land Management, Department of Land Management and Development, The University of Reading, UK), Anthony Lavers, (Professor of Law, School of Real Estate Management, Oxford Brookes University, UK), John Murdoch, (Senior Lecturer in Law, Department of Law, The University of Reading, UK)
Citation:	Neil Crosby, Anthony Lavers, John Murdoch, (1998) "Contributory negligence involving overseas European banks in property valuation negligence cases in the UK", Journal of Property Valuation and Investment, Vol. 16 Iss: 3, pp.273 - 296
Keywords:	Banks, Liability, Negligence, Property, Valuation
Article type:	Research paper
DOI:	10.1108/14635789810221751 (Permanent URL)
Publisher:	MCB UP Ltd
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.