A US judge has dismissed the criminal case against Kilmar Abrego Garcia, a decision that sends ripples through the transatlantic legal establishment. British barristers, who bill by the hour for cross-border expertise, will be recalibrating their risk assessments. This is not merely a legal outcome; it is a signal to the market that the American judiciary, for all its pomp, is not immune to error.
The cost of such errors, in legal fees and lost confidence, is a liability no prospectus can quantify. The City of London watches with a sceptical eye: when the world's largest economy stumbles on due process, capital flight becomes a rational hedge.
