Professional Negligence

HSBC Bank Malaysia Bhd v Raine & Horne International Zaki + Partners Sdn Bhd & Anor [2010] MLJU 1755

The High Court agreed with Mr Benjamin Dawson that the valuers owed a duty of care to the bank in preparing a valuation report for the purpose of securing loan although they were not appointed directly by the bank. The valuers were ordered to pay damages to the plaintiff bank on the basis of loss of securities.