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Companies have been spending considerable sums warding off such suits, he says, but many offer settlements when a verdict seems near to avoid establishing a legal precedent.
HMRC's move to offer settlements comes three years after a partial amnesty was offered to UK tax evaders hiding assets in Liechtenstein.
Lawyers for the brokerage houses are overwhelmed by the flood of cases, he said, and have less leeway to offer settlements because their firms, also hit hard by the bear market, have much less cash to throw around.
Jason Collins, head of tax at the international law firm Pinsent Masons, said HMRC's decision to offer settlements was a pragmatic move that could "clear the enormous backlog of tax schemes, many of which are a decade or more old".
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Starting in 2010, however, the good faith estimate must offer settlement charges within 10percentt of the amount the borrower ultimately pays, and list all their charges separately.
If their reason for asylum no longer stands and it is now safe for them to return, we will seek to return them to their home country rather than offer settlement here in Britain.
The senior supervisory associate would finally offer settlement at 85percentt of the current balance.
Another group of 10 victims represented by a different law firm said they had not yet been offered settlements.
The company offered settlements to coastal residents of no more than $5,000 if they give up their right to sue.
Stability of oil production in Oman is crucial to the D.M.E., given that its Oman contract, the only futures contract traded on the exchange, offers settlement against physical delivery of Omani crude.
Fully-developed, swimming larvae were offered settlement surfaces early in the larval stage, on the day after spawning, because the time to settlement competence was unknown.
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