Penningtons acts for Bank of India in BCCI appeal

Harris, Joanne
January 2005
Lawyer;1/24/2005, Vol. 19 Issue 3, p8
Trade Publication
This article reports that Penningtons had its piece of the Bank of Credit and Commerce International (BCCI) pie as the Court of Appeal heard an offshoot of the case, which at the last count had generated more than 40m pound in legal fees. Lovells, advising Deloitte in its capacity as BCCTs liquidator, faced the Bank of India, advised by Penningtons. The judge found that Bol chief manager for Great Britain and Europe KL Samant had been involved in circular transactions between Bol and BCCI.


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