Law firm liable over ‘Mafia’ property scheme
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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