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18 November 2016, judgment was handed down in National Bank of Abu Dhabi v BP Oil International  EWHC 2892.
This is the first case to be determined under the shorter trial scheme, 11 days after the one day hearing and just 7 months after the claim was issued.
This case involved ‘very limited disclosure’ with no witness statements and no oral evidence and the parties and their legal representatives were ‘congratulated for the co-operative spirit in which the litigation has been conducted which
has resulted in an effective and speedy process, all as envisaged by the Shorter Trials Scheme’.
The total costs of the action on each side were estimated to be approximately £350,000 in a claim worth around £55.5m.
LexisPSL subscribers can read further information on the substantive elements of the dispute by reading the full judgment here.
For further detail on the Rolls Building shorter trials pilot scheme, please see our Practice Note: Rolls Building—shorter trials pilot scheme for claims issued on or after 1 October 2015.
If you are not a PSL subscriber, click here for a free trial to access if you are not a PSL subscriber.
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