“…al” notion has been dispelled by the decision of the House of Lords in Standard Chartered Bank v Pakistan National Shipping Corpn (Nos 2 and 4) [2002] UKHL 43; [2003] 1 AC 959.…”
“…ithout any defence of contributory negligence (as to which, see Lord Hoffmann in Standard Chartered Bank v. Pakistan National Shipping Corporation (Nos. 2 & 4) [2003] 1 AC 959 at [10]-[18] (“Standard Chartered”)). The court had simply to determine the actual value of the assets purchased assuming everything had been known.…”