£50m Trading Litigation Bill Underscores Potential Of ISDA Arbitration Clauses

November 27, 2013
An 800-page English High Court judgment last week in a long-running and complex FX and derivatives litigation in London - described by the judge, following a four-month trial and a reported £51m indemnity costs order against the unsuccessful party, as “almost unmanageable” - is certain to ignite debate about the efficiency of English litigation.