Discusses and details the 1994 case of Cambridge Water Co. v. Eastern Countries Leather plc and comments on the decision of the House of Lords, which found in favour of the polluter (ECL). Considers some implications raised by this case about the scope of environmental damage and liability, and...

Discusses the recent decision in South Australia Asset Management Corporation vs. York Montague Ltd and two other cases in which the House of Lords unanimously decided that a valuer is not liable for market losses suffered by a lender who lends on the security of negligently valued property in...