Legal Week reports
June 14, 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 last week (7 June).
The BCCI creditors, advised by Lovells, have agreed to pay £73.6m plus £1.7m in interest. 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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