Where D’s negligence has caused economic (financial) loss, it will generally be recoverable if it was merely ‘consequential’ to some physical harm. If, however, D’s negligence has caused financial loss on its own, not as a result of any physical damage, this is referred to as ‘pure’ economic loss and is generally not recoverable.
This recording explains:
• the policy concerns involved
• how to distinguish between consequential and pure economic loss
• the exceptions to the general rule of no duty for pure economic loss (in particular where loss is caused by a negligent statement or by certain negligently performed services)
Lecturer: Gianni Vuolo
Duration: 53 minutes (approx)