Mishcon de Reya page structure
Site header
Main menu
Main content section
Professional Negligence (Dispute Resolution)

Professional Negligence

We have market leading Claimant side auditors' negligence practices both in London and Hong Kong, with broad industry sector experience. We have been involved in many of the recent high profile auditor negligence actions arising from fraud, financial scandals and corporate collapses in London, Hong Kong, Singapore, Malaysia, Bermuda and the Cayman Islands, and have been brought in as co-counsel to assist with auditors' negligence actions outside of our home jurisdictions.

We act for liquidators, administrators and privately owned and publicly traded companies in the auditors' negligence space. We have a robust track record for going after the gatekeepers involved in financial scandals and corporate collapses. We have the agility of a boutique practice, but we are backed by the muscle of a major law firm.

We represented the successful claimants in the milestone case both at first instance and in the Court of Appeal in AssetCo PLC v Grant Thornton UK LLP. This was one of the largest court-ordered awards in the UK in respect of an auditors’ negligence claim and is one of the leading cases on the recovery of losses caused by an auditors’ failure to detect fraud. We also represented the liquidators of Patisserie Holdings PLC and its subsidiaries in their claim for c £200 million against Grant Thornton UK LLP, and the Joint Administrators of London & Capital Finance Plc in their claims for c £200m against PwC and EY.

Through our Hong Kong office, we have been involved in many of the high profile financial collapses and audit negligence actions across the Aisa Pacific region and beyond, including representing the Government of Malaysia in its audit negligence actions against two Big 4 firms arising out of the audits of 1MDB. 

For many law firms, litigation is a distraction from their everyday focus. Dispute resolution is at the heart of our firm. We are known for our innovative approach and assertive style. Technology underpins everything that we do. We recognise that each dispute requires a bespoke solution and always fight our client's corner.

Our teams of lawyers in London, Hong Kong and Singapore are supported by our in-house teams of forensic accountants and analysts. We work in close collaboration with each other, such that investigations and 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 often arise in the auditor's negligence actions.

How can we help you?

How can we help you?

Subscribe: I'd like to keep in touch

If your enquiry is urgent please call +44 20 3321 7000

Crisis Hotline

I'm a client

I'm looking for advice

Something else