AssetCo plc v Grant Thornton

31 January, 2019

In a reserved judgment handed down on 31 January 2019 in AssetCo plc v Grant Thornton [2019] EWHC 150 (Comm), Mr Justice Bryan awarded substantial damages to the Claimant arising from the Defendant’s breaches of duty as the Claimant’s auditors for the financial years 2009 and 2010. The judgment addresses a number of legal issues, including the application of “loss of a chance” principles to the assessment of damages, the recoverability of trading losses as part of a pattern of dishonest conduct, the principles applicable to mitigation of loss, causation, and contributory fault and the application of s. 1157 of the Companies Act 2006. A full copy of the judgment appears at

Mark Templeman QC appeared with Richard Blakeley and Tom Pascoe of Brick Court Chambers for the Claimant, instructed by Mark Davis of Mishcon de Reya LLP.