By Caroline Grimshaw
June 06, 2006 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
The long-running dispute between the creditors of BCCI and the Bank of England has finally been brought to a close with the agreement of a £75.3m costs settlement, announced today (7 June).
The BCCI creditors, advised by Lovells, have agreed to pay £73.6m plus £1.7m in interest to the Bank. The figure is thought to match almost exactly the amount of legal fees racked up on the case by the Bank of England’s lawyers, Freshfields Bruckhaus Deringer.
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