Published: Friday, August 14, 2009
Author: Julian Randall, Catherine Manson
Published in: Insurance Day
Subject: Professional Practices

In this article, which first appeared in Insurance Day, the authors discuss the ruling of the House of Lords in Stone & Rolls (in liquidation) v Moore Stephens, in which the Lords considered the circumstances in which the illegality principle will defeat the company's claim against its auditors for failure to detect fraud.