Legal costs emerge as defining issue of 2010’s biggest cases
As profession awaits Jackson LJ’s civil justice costs review, the cases set to shape this year’s litigation get underway
The thorny issue of legal costs is set to be the mark of 2010’s top cases, which The Lawyer unveils today ahead of the publication of Lord Justice Jackson’s year-long review into civil litigation costs in England and Wales.
Among the cases that are set to define the year in litigation, Barclays Bank and RBS are both facing multimillion-pound claims from European banks in matters that predate the recession.
Nabarro partner Michael Hales has instructed 3 Verulam Buildings’ Jonathan Nash QC to represent Italian bank Banca Popolare di Intra in a dispute with Barclays dating back to 2001-02 that relates to collateralised debt obligations. The case has taken more than three years to get to the Commercial Court, with the claim issued in July 2006.
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