Several hefty litigations are kick-starting 2008, including mass claims such as Buncefield, The Accident Group and the dreaded bank charges. Add in the emergence of class actions, the expected fallout from Northern Rock and the credit crunch, and one can see why litigators are forecasting a busy year.
This Litigation & ADR Special Report explores whether the Commercial Court working party’s new recommendations to streamline large litigations will banish incidents such as BCCI and Equitable to the history books. The efficiency of arbitration in London also comes under scrutiny and the question is posed as to why mediation has not grown that quickly in the commercial field and why it continues to reside only in the hands of the few.
In addition, the new players in the litigation arena – third-party litigation funders – give their reasons for why investing in disputes is really worth it.