Projects - Litigation Support
Project Aged Care
Expert witness
Summary
- Expert witness
- Lakeside, NSW
- Englobo Land
- Value – $30m+ claim
Issues
- Development was sold at a price significantly below valuation
- Lender incurred a significant loss
- Lender sued Valuer for negligence
- Retained by Lender
Solution
- Report prepared on did the lender comply with its own policies and meet responsible lending standards as well as were there deficiencies in the lender’s management of the loan
- The Lender acted in accordance with its policies and met responsible lending standards
- The Lender managed the loan prudently
Outcome
- Matter was settled out of Court