Lovells will seek to agree costs with Freshfields Bruckhaus Deringer on the mammoth BCCI litigation against the Bank of England, it has emerged, following a costs hearing this morning (11 November).

The hearing, which sets out the timetable for agreeing how costs will be settled, revealed that Lovells’ client, the BCCI creditors, hopes to reach an agreement on costs before the next hearing date of 30 January.