Misguided legal advice

The UK's departure from the EEC/EU exchange rate mechanism was needlessly delayed for several hours on misguided legal advice, costing the country billions of pounds of gold and foreign currency reserves.

1. Ineffective legal system

1. Inappropriate policies
2. Inadequate system of political checks and balances
3. Inadequate law enforcement
4. Governmental incompetence

1. Unclear legal responsibility
2. Lack of professional standards of lawyers
3. Ineffective legal profession
4. Inadequacy of international legal procedure
5. Biased expertise

1. Reducing fallibility of the legal system
2. Giving legal advice
3. Correcting legal interpretation

1. Mistake
2. Misinterpretation
3. Misguidance
4. Illegality
5. Faultiness