ELECTRA PRIVATE EQUITY PARTNERS (A LIMITED PARTNERSHIP) v (1) KPMG PEAT MARWICK (A FIRM) (2) KPMG STOKES KENNEDY CROWLEY (AN IRISH PARTNERSHIP)

[1999] Lloyd's Rep PN 670

COURT OF APPEAL

Before Lord Justice Auld, Lord Justice Chadwick, and Lord Justice Clarke

Accountants’ negligence - Admission of new evidence under the rule in Ladd v Marshall - Assessment of evidence on contested strike out applications and in actions based on developing areas of law - Test of liability in negligence, whether subjective or objective - Cause of action and issue estoppel.