Clifford Chance’s third-party £130m professional negligence claim settles

Clifford Chance’s third-party £130m professional negligence claim settles

The high profile £130m derivatives dispute between JP Morgan and German public transport provider BVG, during which Clifford Chance (CC) was brought in as a third-party defendant over allegations of professional negligence, has settled.

The claim arose out of a derivatives contract entered into shortly before the financial crisis.

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