Trial Judge gives judgment on costs award following abandonment of BCCI liquidators claim against Bank of England

Joanna Gray, University of Newcastle

On 12 April Mr Justice Tomlinson delivered a judgment from the High Court in Three Rivers District Council & Ors and BCCI SA (In Liquidation) v Governor & Company of the Bank of England that brought to an end all the many years of litigation in this claim against the Bank of England brought by the liquidators of BCCI on behalf of its creditors. In a sense this judgment also brings as much “closure” as there can be in a claim that has been abandoned as opposed to adjudicated upon, and it is a remarkable judgment in many ways as indeed, was the liquidators’ claim itself.