Lehman fall spurs delayed litigation rise

The number of claims filed to the London Commercial Court has risen 23 per cent over the last 12 months as lawyers rush to beat a six-year deadline in order to bring claims relating to the global financial crisis.

London gets glut of financial claims Nikita Gusakov

An analysis by law firm Reynolds Porter Chamberlain shows that 1,393 claims were filed to the Court in the year to September. Reynolds Porter connect this to the September 2008 collapse of Lehmans. Reynolds Porter lawyer is quoted by Bloomberg Law as saying: 'The financial crisis exposed businesses to huge losses on everything from complex financial transactions to the most straightforward of commercial agreements.  A lot of businesses are very busy looking for ways to unpick transactions that lost their business large sums of money after Lehman Brothers collapsed.'  London is also increasingly become the venue of choice for individuals and organisations to settle their differences.

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