NSW Court of Appeal provides guidance on limitation periods for actions against valuers
Wotton + Kearney acted for a valuation firm in proceedings commenced in the Supreme Court of NSW regarding its valuation of a property at Wallalong, NSW. The valuers successfully applied to have a limitation defence determined as a separate question, and the matter was removed to the NSW Court of Appeal. The NSW Court of Appeal answered the question in favour of the valuer.
In this case alert, Adam Chylek and Stephen Morrissey explain why this decision provides appellate court guidance for insurers and their insureds on when a cause for action accrues against a valuer.
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