Lord Penrose's report, published on 8 March, into the near-collapse of Equitable Life has been carefully scrutinised by lawyers across the board. With the directors of the society under investigation by the SFO, Alan Owens and Adam Cowell examine the case so far
May 12, 2004 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
The publication on 8 March of Lord Penrose’s report into the near-collapse of Equitable Life provoked lawyers of many disciplines to scrutinise its pages.
Financial services lawyers are interested in information relevant to the ongoing misselling claims against the society; public lawyers have searched unsuccessfully for grounds to sue the Government for regulatory failings; and European lawyers have sought evidence of breaches of the EU Insurance Directive.
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