The long-awaited Dreamvar decision was handed down by the Court of Appeal, and has since sparked mixed views among organisations and conveyancing professionals alike.
Following a controversial High Court ruling in 2016, the appeal judgment has been long awaited by the industry, who have been in search of clarity over which party should bear liability where fraud is present in a transaction.
Donall Murphy comments on the case of Dreamvar v Mishcon De Reya saying, "Whilst this is good news for consumers who have been victims of fraud, it could have a detrimental knock-on affect for the innocent consumer as well as many of the stakeholders in the conveyancing process especially conveyancers and their insurers."
Dreamvar v Mishcon De Reya – industry response is available to read on the Today's Conveyancer website.
Donall is a partner in the conveyancing team. He advises both buyers and sellers in relation to freehold and leasehold transactions, dealing with many high value properties in prime locations.