Court rules Mishcon de Reya liable for breach of trust in landmark case

gavel

The Court of Appeal ruled today that Mishcon de Reya was liable for breach of trust after failing to make Dreamvar, the real estate buyer, aware of a fraudster posing as a seller.

After falling victim to fraud during the attempted purchase of a £1.1m property, Dreamvar filed claims against its own solicitor, Mishcon de Reya. Dreamvar argued that Mishcon de Raya was liable because it did not properly advise on or notify Dreamvar of the fact that the supposed seller of the £1.1m property was not who they claimed.

Jeremy Stephen, an associate director at Bryan Cave Leighton Paisner, who has acted in a number of property fraud cases, called the ruling ”a mixed blessing for clients”.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.

Registered users and subscribers SIGN IN here to continue