Tim Symes and Alice Glendenning discuss claims against valuers, auditors and banks in a professional liability context, and where such claims will go in a post-pandemic litigation landscape
Recessions precede a rise in litigation. Parties suffer losses arising from deals entered into in more buoyant times, businesses default on their loans, enter insolvency and fraud is uncovered. This happened after the global financial crisis. When faced with a severe liquidity crisis, banks stopped lending. Without access to finance, hundreds of thousands of businesses failed.1
