Quote:
Originally Posted by ChicagoRy
This has to be the current leader for speculative thread of the year.
I'm so curious to find out what will happen here, but I'm trying to keep my expectations low. I feel like "settled out of court for an undisclosed amount" happens often, but I know nothing about UK law. I hope we get to see a verdict and finally get facts to analyze. So many different pieces of (often conflicting) information so far!
Settlement will already have been entertained - they have to follow pre-action protocol before issuing proceedings, which is essentially each party laying out their case to each other. Offers are always made at this point on a commercial basis but given that liability is disputed in its entirety, and the value being so high, they will be a long way apart. So I expect it to go to hearing until such time as one party massively changes their position.
Wrt costs, costs go to the winning side, but there is guidance on how much will be awarded. Courts will generally only award up to £317 an hour for the firm Ivey has instructed (it's done by location), and you generally only get about 60-70% of the hours if you win.
The QC will have a daily rate of around £3000-£4000 but likely be used sparingly until it reaches court.
It's interesting about the possible changes to normal protocol in dealing cards - the casino will clearly be underwritten for cheating but if that's the angle they're going for, and they didn't follow normal procedure, then their coverage may have been declined, meaning they have a lot more to lose.