South Australia Asset Management Corp v York Montague Ltd

South Australia Asset Management Corporation v York Montague Ltd and Banque Bruxelles Lambert SA v Eagle Star Insurance Co Ltd [1996] UKHL 10 is a joined English contract law case, often referred to as "SAAMCO", concerned with on causation and remoteness of damage. It arose out of the property crash in the early 1990s, whereby banks were suing valuers for overpricing houses in order to recover the lost market value.

Source: Wikipedia — South Australia Asset Management Corp v York Montague Ltd (CC BY-SA 4.0)