A spokesman for the bank said its lawyers could not provide a figure for the final amount of the costs awarded, as they would be subject to negotiation and review under the legal process of taxation.
The sum is likely to increase, as the Court of Appeal granted both parties leave to appeal their decision to the House of Lords. A Deloittes spokesman said the liquidators’ legal team had begun preparations for the appeal, which is expected to be heard by early summer.
In what is believed to be the first case brought against a central bank over its regulatory responsibilities, Deloittes alleged it had neglected its public duty by failing to revoke BCCI’s licence when it was clear the bank would probably collapse.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.