QC sets record in BCCI vs Bank hearing
The QC acting for BCCI's liquidators finally ended his opening address yesterday, in what amounts to the longest such address in British legal history.
Gordon Pollock wound up the factual evidence relating to the collapse of the Bank of Credit and Commerce International that liquidators are using in their £850m damages suit against the Bank of England.
The case has so far lasted 79 days, and 60,000 pages of documentation has been detailed.
The liquidators are accusing the Bank of England of misfeasance after BCCI collapsed owing creditors and depositors more than £10bn in 1991.