Professional liability law practice is extremely broad and complex legal practice of representing professionals in relation to professional liability matters. Liability of professionals including accountants, lawyers, brokers, actuaries, and pension professionals must be legal, apart from merely professional. This is covered by Consumer Protection Act of 1986 in case of non-commercial advice or service and prevailing civil law in all other cases.
Professional Liability practice combines deep industry knowledge with decades of experience and an unrivaled real-world understanding of professional risk issues, to provide businesses with quick, practical, and commercial solutions to complex legal disputes. The global reach of professional liability matters require businesses to have truly coordinated advice on the biggest multi-jurisdictional issues.
Businesses seek to use the most appropriate form of dispute resolution, but when litigation is required, they expect vigorous legal representation at every stage. Businesses require their legal experts to have significant experience in trying leading cases to judgment, obtaining highly successful outcomes for our clients in Liability of Professionals cases. Their legal experts must be uniquely positioned to be able to draw on experience from across a wide legal network to provide advice relating to IP, tax, competition, banking, pensions, financial services, corporate finance, construction, white collar crime, and environmental law.
When a person gets a non-commercial advice from a professional, they have certain rights as a consumer. Otherwise they have civil remedies in case a negligent advice or service has caused financial loss, personal injury or mental harassment.
The Consumer Protection Act of 1986 lays down consumer law in India. This statute protects consumers from any kind of exploitation by providing legal redressal to their grievances. A consumer who has been given a negligent or reckless advice or service can seek redressal in a jurisdictional Consumer Forum. Sections 11, 17 ans 21 of the Consumer Protection Act of 1986 lay down the jurisdiction of the District Forum, State Commission and National Commission.