BusinessBusiness RecoveryDeloitte denies attempts to settle BCCI case

Deloitte denies attempts to settle BCCI case

Deloitte says it will not settle its case with the Bank of England over the regulation of BCCI

The liquidator of BCCI, Deloitte, said yesterday that it had no intention of
settling its long-running case with the Bank of England. The Big Four firm is
suing the bank in a £850m negligence claim for its regulation of BCCI.

The Evening Standard reports that Christopher Grierson, the Lovells
solicitor acting for Deloitte, said the firm was not attempting to settle the
case out of court.

‘The liquidators have not made an offer to throw in the towel or to pay the
bank its costs,’ Grierson was reported as saying.

Peter Cooke, who was in charge of supervising the BCCI in the early 1980s, is
in the second week of what is expected to be a three-month stint in the witness
box.

Related Articles

Investment firm acquires Avon Steel Company Limited

Business Recovery Investment firm acquires Avon Steel Company Limited

1w Emma Smith, Managing Editor
Manchester law firm enters into administration

Business Recovery Manchester law firm enters into administration

1w Emma Smith, Managing Editor
KPMG appoints new global head of insolvency

Business Recovery KPMG appoints new global head of insolvency

4w Emma Smith, Managing Editor
EY hired by Carillion to review finances

Accounting Firms EY hired by Carillion to review finances

5m Alia Shoaib, Reporter
Using insolvency as a debt recovery tool

Business Recovery Using insolvency as a debt recovery tool

6m Emma Smith, Managing Editor
UK government should support mid-sized businesses to create a ‘new economy’ post-Brexit, says BDO report

Business Recovery UK government should support mid-sized businesses to create a ‘new economy’ post-Brexit, says BDO report

8m Alia Shoaib, Reporter
Over 800 jobs saved as Endless LLP acquires Jones Bootmaker

Business Recovery Over 800 jobs saved as Endless LLP acquires Jones Bootmaker

9m Emma Smith, Managing Editor
FRP Advisory expands operation with new office, partner appointments

Accounting Firms FRP Advisory expands operation with new office, partner appointments

10m Emma Smith, Managing Editor