Please see below an extract from an article published in The Law Society Gazette today:

A law firm that became embroiled in a property scheme that was abandoned amid allegations of ‘Mafia’ connections has been told it must compensate nearly 200 investors for loss of deposits.

In a judgment handed down yesterday, the Court of Appeal ruled that Giambrone, an Italian-based international firm, acted negligently over advice it gave to 180 British homebuyers who tried to purchase off-plan luxury apartments in Italy. The clients’ deposits ranged from £30,000 to £105,000.

London firm Edwin Coe acted on behalf the claimants.

To read the article in full, please click here.

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