L&P in BCCI victory

Linklaters & Paines is claiming a $1.8bn High Court victory for Ernst & Young in a battle over responsibility for the collapse of BCCI, whose liquidators are represented by Lovell White Durrant. The High Court last week struck out half the liquidators' $3.5bn claim against the accountancy firm for the alleged negligent audit of BCCI. It is believed to be the largest claim ever struck out in interlocutory proceedings in England. The case continues.