Few of us, even over the course of long careers, have experienced the disruptions that we are witnessing in the financial services industry today, and certainly not to the extent of what has to be termed a crisis.
Since there is a proven correlation between a slowing economy and increased litigation, we can expect to see a surge of litigation due to the financial crisis.
Companies involved in outsourcing arrangements sometimes find themselves considering termination of the agreement because the service provider’s deliverables are not meeting contractual expectations.