Banks count cost of contract litigation


The survey also shows that contractual cases represent the most numerous category of litigation for financial services firms, at 33% of the total number of disputes, followed by labour/employment disputes at 25%. On average, financial institutions had a docket of 34 pending cases against them in the last year.

The financial firms are most concerned about contracts because the risk of a contract action being brought against them increased in the last year. Finance companies spent more than any

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