Legal News
UK Legal News, Articles, Reports and Tweets from Leading City of London Law Firm, LEXLAW.
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FCA’s final report on GRG: Financial watchdog fails (again) to take enforcement action against RBS’s misconduct
Posted on: June 13, 2019
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The Financial Conduct Authority has today published its’ final report into the misconduct of the Royal Bank of Scotland‘s GRG unit. The report purports to explain the FCA’s reasoning behind its decision in July 2018 not to take action against [&hellContinue Reading →]
Tags: FCA Review, GRG, RBS
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Peril of leaving (ineffective) service of litigation claim form to the last minute
Posted on: June 12, 2019
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Summary of the Court of Appeal judgment in case of Woodward & anor. v Phoenix Healthcare Distribution Limited in which Lexlaw represented the Appellants in place of their former solicitors, Collyer BristContinue Reading →
Tags: Claim Forms, Collyer Bristow, Court of Appeal, CPR, CPR r.6.15(2), Defective Service, High Court, Limitation Act, Mills & Reeve, Overriding Objective, Own Interest Conflict, Professional Negligence, Solicitors Duties
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Financial Ombudsman increases award limit to £350,000
Posted on: March 28, 2019
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From 1 April 2019, the Financial Ombudsman Service (FOS) can make awards against regulated firms of up to £350,000, which represents an increase of 133%. The following award limits will apply: £350,000 for complaints about acts or omissions by firms which [&hellContinue Reading →]
Tags: Banks, Barclays, EFG Loan Mis-selling, Financial Advice, Financial Conduct Authority, Financial Ombudsman Service, Financial Services, Financial Services Authority, FOS, Lloyds, Mis-selling, RBS
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GRG Complaints Process Outcomes: What next?
Posted on: January 31, 2019
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In October 2018, the complaints process closed to individuals with claims against the Royal Bank of Scotland’s notorious Global Restructuring Group. Individuals and SMEs are now starting to receive updates on their complaints with some receiving outcome letters. Your complaint to GRG The complaints process is a lengthy one and RBS have provided information on each of the stages [&hellContinue Reading →]
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Potential claims against HM Treasury: Government department allegedly controlled RBS GRG’s mis-treatment of SMEs
Posted on: January 30, 2019
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Documents disclosed by RBS’s Global Restructuring Group (GRG) in the High Court case of Morley v The Royal Bank of Scotland Plc have reportedly revealed that the Treasury played a significant role in GRG’s systematic asset stripping of the British [&hellContinue Reading →]
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