Citation(s) [2000] 3 NZLR 39 Decided 16 December 1999 | Location New Zealand | |
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Full case name PRICE WATERHOUSE Appellant AND P KWAN AND OTHERS Respondents AND BETWEEN PRICE WATERHOUSE Appellant AND K D HUGHES per N M HUGHES Respondent Transcript(s) Court of Appeal judgment Judge sittings Thomas Gault, Kenneth Keith, Andrew Tipping | ||
Price Waterhouse v Kwan [2000] 3 NZLR 39 is a cited case in New Zealand regarding liability for negligent misstatements.
Contents
Background
Price Waterhouse were the auditors of a law firm. It was later claimed that Price Waterhouse were negligent in their audits resulting in them losing their investments.
Held
As the purpose of the audits was for the protection of clients money, there was sufficient proximity to hold that PW owed them a duty of care, and were accordingly ordered to pay damages.
References
Price Waterhouse v Kwan Wikipedia(Text) CC BY-SA