Auditor liable for not including a provision for a third party claim?

In a recent case, the Court of Appeal of Arnhem-Leeuwarden dismissed a claim of the bankruptcy trustee of Welsec against an audit firm for failing to ensure that the audited company, Welsec, included a provision in its annual accounts for a third party claim (ECLI:NL:GHARL:2020:2492).

Filed under:
European Union, Netherlands, Banking, Insolvency & Restructuring, Litigation, Stibbe, Board of directors, Deloitte
Authors:
Gertjan Boekraad , Cas Michiels
Location:
European Union, Netherlands
Firm:
Stibbe