The recent case of Charles B Lawrence & Associates v Intercommercial Bank Ltd [2021] UKPC 30 saw the Privy Council reviewing the SAAMCO principle in the context of a negligent valuation case where it transpired that a guarantor had no legal title to the land that was being mortgaged, causing the security to be worthless. The central question was how precisely the SAAMCO principle applied to these facts. Sam Moore and Elise Swan have prepared a note on the case, which can be accessed here.
