Those legal costs only go up to the end of December 08. I’d imagine their costs for the Singh case in 2009 are significantly higher. Reply
I emailed a copy of the 2008 accounts and report to some one who pointed out you had already blogged about them. Given the recent victory by Simon Singh in his appeal the BCA’s chances of victory are now greatly reduced. According to regulations, I think they will now have to make some kind of provision in their accounts for the fact they may not recover the legal fees. Presumably they have taken professional advice from their auditors and accountants. Their income from membership fees was about £1.7 million so I can’t set how they can continue spending money on legal fees without upseting their members. Under the Insolvency Act 1986 directors have duties not to drive their organisations to economic ruin. It will be interesting how they resolve this. Possibly we will see some of the directors resigning over the next few months. Reply