High Court finds no duty owed to investors by barrister advising scheme promoter

Investors in a series of film finance tax schemes sued the tax QC who had produced written opinions for the scheme promoter, which were then shared with prospective investors. The Court rejected the investors' claims, on the basis that the QC owed them no duty of care in preparing the opinions, and that even if he had owed them a duty, the views he expressed in the opinions were consistent with those of a reasonable QC. Read more