Riva Properties Ltd & Ors v Foster & Partners 18/10/17 (TCC)

Architects were required to pay damages for professional fees incurred in reliance in the firm’s advice that the cost of the project could be “value engineered” down to a lower figure. However, the claimant’s inability to secure funding for the project was partly attributable to its lack of cash reserves and to the global financial crisis, which broke the chain of causation and precluded any claim for loss of profits.