INDEPENDENT ADVANTAGE INSURANCE COMPANY v THE PERSONAL REPRESENTATIVES OF MICHAEL COOK (deceased) [2002] EWCH 2681 (Ch)

[2003] Lloyd's Rep PN 109

CHANCERY DIVISION

Before Mr Justice Lloyd

Auditors - Negligence - Duty of care - ABTA and IATA requiring audited accounts of tour operator in connection with provision of bond facilities necessary for renewal of air travel operator’s licence - Defendant auditors submitting audited accounts and claimant granting bond facilities and a loan to the tour operator - Operator subsequently collapsing - Whether defendants owed duty of care to claimant.