Pure Economic Loss

Pure economic loss has, for some time, been a relatively difficult remedy as a “worth incurred without any physical injury to any asset of the plaintiff." Have the parameters been recently refined or do the courts still fear that if pure economic loss were actionable, there would be no reasonable limit to a defendant's liability and the courts would become overwhelmed with claims?

Ms. Rashda Rana SC will explore the development and the current status of claims for pure economic loss in England and Australia.