30 July 2004 Read all today’s legal news & legal research in LAWFUELYesterday, the House of Lords allowed the Bank of England’s appeal on the issue of the scope of legal advice privilege in the ongoing litigation between the Bank of England and the creditors of the Bank of Credit and Commerce International
over the Bank’s supervision of BCCI.
After a four day hearing, their Lordships overturned the Court of Appeal’s decision in March this year that communications between the Bank and its lawyers on the manner in which evidence was presented to the Bingham Inquiry was not protected
from disclosure by legal advice privilege.
Detailed reasons have yet to be given but at the moment sighs of relief are likely to be heard from lawyers and clients alike. We will report further when the full judgment is handed down.
Please click on or copy and paste the link below to read about the Court of Appeal’s March Judgment.: