Law firm must pay €8.5m over deal

A leading corporate and commercial law firm must pay €8.5m to a business because a failure to properly register a property meant the business lost a €10m offer from truck importer Pino Harris to buy it, the High Court has ruled.

LK Shields solicitors’ full liability to Rosbeg Partners, owned by businessman Bob Stewart, will, however, be higher than €8.5m because it includes other losses suffered by Rosbeg as a result of the sale not going ahead “at the height of the property bubble” in 2007, Mr Justice Michael Peart said.

The property, unit 520, Western Industrial Estate, Naas Rd, Dublin, adjoins lands owned by Mr Harris on Naas Rd, where he has his truck assembly business.