Tuesday, October 13, 2009

Litigation risk

1:38 AM Posted by: Slamun Atlanta 0 comments

If the assumption is that change brings litigation, then the plethora of legal, regulatory and social changes that businesses have faced in the last 10 years alone should have the courts braced for the litigation floodgates to open. A recent report titled prepared by Lloyd’s of London in cooperation with the Economist Intelligence Unit, warns that the UK is increasingly facing a US-style compensation culture. But warnings of increased litigation are nothing new. In 2004, the then chairman of the Financial Services Authority, Callum McCarthy, warned that the UK was at risk of losing its advantage as a less litigious society than the United States. Similarly, in recent months the legal and mainstream press has devoted columns of print warning of impending credit crunch litigation. Yet are such warnings

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