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Judgment in BCCI Liquidators' Case against the Bank of England
The liquidators of the Bank of Credit and Commerce International unconditionally discontinued their action against the Bank of England and 22 of its present and former staff on 2 November 2005.
Published on
12 April 2006
In a judgment delivered this morning, the Judge in the case, Mr Justice Tomlinson, sets out the reasons why he completely exonerated all of the individuals involved, and the Bank. The publication of his formal judgment brings to an end the BCCI litigation, believed to be the longest and most expensive trial in the Commercial Court.