Breadcrumb

  • Home
  • FDIC in London: Court says "go home and stop being a nuisance."

Search form

Main navigation

  • Home

FDIC in London: Court says "go home and stop being a nuisance."

Monday, 20 January, 2025 - 11:16

In The Federal Deposit Insurance Corporation v Barclays, The British Bankers Association and many more, in the seemingly perpetual LIBOR litigation, FDIC's expert has said he needs more information. Two banks have said they will produce some of it and the others have all said it's getting silly and the court should put a stop to it.

And, in essence, that is what the Court has done saying "As I said more than once during the hearing, I have a distinct sense of the expert tail wagging the court dog here, which is not how litigation in this jurisdiction is conducted. It is for the Court, not the expert, to decide what disclosure is relevant, necessary and proportionate as the passages from the CAT decisions relied on by Mr Patton KC set
out at [37] to [39] above make clear. "

So, not to put too fine a point on it: the FDIC's been told off by SIR JULIAN FLAUX, CHANCELLOR OF THE HIGH COURT. I've been ticked off by a High Court Judge and I can say it's not a nice experience - and I was right, stood my ground and changed the Judge's mind. Things were a bit frosty after that.

FDIC and its expert are not going to find that option open to them.

Judgment: https://www.judiciary.uk/wp-content/uploads/2025/01/FDIC-v-Barclays-Ors…

Nigel Morris-Cotterill is at www.countermoneylaundering.com

About this section

Opinion pieces or "Op-Eds" are the home-made bombs of the publishing world. So long as they meet editorial standards, are not intentionally offensive with a view to causing hurt or insult and are relevant to our field of endeavour, we will look at submissions.

We like contentious, we like contrarian views. We don't like pretty much any -ism . We recognise that Opinion pieces are one person's view and are not balanced (if they are balanced and reach a reasoned conclusion, they are probably more suited to the Articles section). We do not like acronyms and buzzwords.

Op-Eds are the author's personal views and do not necessarily represent the views of World Money Laundering Report or its publishers.

To submit an Opinion piece, please complete the Contact form.

Footer menu

  • Weekly Digest (opens in new tab)
  • Images attribution (opens in new tab)
  • Corporate, privacy, intellectual property and access (opens in new tab)
  • Advertising and Recommendations (opens in new tab)
  • Promote your business (opens in new tab)
  • Enquiries (opens in new tab)


 

BOT AND SCRAPER ACCESS DENIED

 


 

Built with Drupal     |     Hosted by Siteground     |     Template by Alaa Haddad     

Design by Vortex Centrum Limited    |     Some services provided by Google Workspace    

Posters and other merch by ProjectLXX   |   Privacy and security services by Surfshark and Firetrust. 


Nothing in this website is intended to be or shall be taken as legal advice. 

You should always seek advice from a practitioner experienced in this area. 


Everything on this website is copyright Nigel Morris-Cotterill and/or Vortex Centrum Limited for itself or one of its business units. No downloading, printing or other means of replicating or reusing is permitted. In particular, all bot access is denied and all scraping of content will result in the legal action set forth in the terms and conditions in this site. For legal, cookies and privacy see vortexcentrum.com.

Copyright 1999- © 2026 Vortex Centrum Limited - All rights reserved. Bot access denied.