Tuesday, October 28, 2008

£750 an hour

A very expensive law case has opened in London. It is expected that the legal fees will amount to nearly £90 million, & could put an end to the status of London as the jurisdiction of choice for such international commercial battles

Since the case involves an aluminium smelter in Tajikistan, I wonder if the bigger problem, in the light of current difficulties, might not be whether there will be any money to pay the lawyers bills