By Christopher Crosby (January 1, 2022, 10:02 PM GMT) – As lawyers say goodbye to 2021, courts gear up for major financial services and insurance cases ranging from major test to securities class actions the compensation limits on insurance claims due to the coronavirus pandemic.

UK judges have avoided overburdening lenders with red tape, but two rulings expected next year before the UK Supreme Court and the Judicial Committee of the Privy Council could rewrite the rules for collecting debts against banks.

Elsewhere, Russian and Ukrainian banks are suing former owners and shareholders in two cases with billions of pounds on …

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