Bank of Credit and Commerce International’s liquidators have abandoned a 12-year legal battle to win compensation from the Bank of England over the collapse of BCCI in 1991.
Thirteen years have passed since the liquidators of the Bank of Credit and Commerce International began their suit against the Bank of England. The case finally came to court in January 2004. And now it has collapsed, after the two sides racked up legal bills of more than £100 million. It might not have lasted […]