|Source:||All England Reporter|
|Publisher Citation:|| All ER (D) 109 (Oct)|
|Neutral Citation:|| EWHC 2708 (Admin)|
|Court:||Queen's Bench Division, Administrative Court (London)|
|Representation||Mark Cannon QC and Can Yeginsu (instructed by Manley Turnbull Solicitors) for the claimant.|
|Andreas Gledhill (instructed by SNR Denton UK LLP) for the FSCS.|
|Judgment Dates:||11 October 2012|
Financial services - Financial Services Authority (FSA) - Regulation of financial services - Claimant re-mortgaging home and using balance to invest in Spanish property following financial advice - Claimant suffering loss following crash in Spanish property market - Claimant unable to use returns from Spanish investment to service mortgage as advised - Defendant calculating compensation payable - Defendant finding compensation unavailable in respect of losses stemming directly from Spanish property purchase - Whether defendant erring in approach to calculating compensation.