Professional Negligence

The handling of claims against other professionals demands sensitivity and the ability to assess each case on its own merits, responding with the appropriate measures in each instance. We have a particular eye on a longer-term relationship that our clients have with their other advisers and endeavour to resolve claims using alternative dispute resolution processes where appropriate.

We have broad industry sector experience and a market-leading claimant side auditors' negligence practice. We have been involved in many high profile and leading cases in the broader commercial litigation spectrum – including auditor negligence actions arising from fraud, financial scandals and corporate collapses in London, Hong Kong, throughout Asia and in off-shore jurisdictions.

Our teams in London, Hong Kong and Singapore work in close collaboration, so that claims can be pursued 24/7 and we can harness the experience and expertise of a truly multi – jurisdictional team in dealing with the complex issues that arise in the wake of global corporate collapses and financial scandals.

We act for regulators, trustees, businesses, investors, property developers, banks and other financial institutions, family offices and private individuals in claims against solicitors, auditors and accountants, bankers, surveyors, architects, financial advisers and other professionals.

Our London colleagues have helped define some of the legal tests applicable in accountancy litigation. Mishcon acted both at first instance and in the Court of Appeal in the leading auditors' negligence case on the scope of auditors' duties and on the application of the SAAMCO cap in this context. Many of our claims settle without litigation but where this is not possible, we also have extensive trial experience.

Karas LLP lawyers have unsurpassed experience in the investigation and successful pursuit of claims involving auditors and other professionals in Hong Kong and throughout Asia. Examples of such projects include China Forestry, Sino-Forest Corp, China Medical Technologies, Akai Holdings, 3D-Gold Group, Kingate and Orient Power.

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