Strategic Litigation Results.
We’re seasoned litigation lawyers. We’ve acted on thousands of litigation matters in England & Wales. Our solicitors and barristers strive to win. Therefore our legal cases have attracted significant media interest. Our litigation has been referenced by the leading UK broadcast and print media. Our legal comments have been debated in the House of Commons and published in journals and books.
Featured and advised BBC One Panorama for their documentary “Britain’s New Banking Scandal” about major bank mis-selling of complex financial derivatives (eg interest rate swaps). Our client was offered £0 by Lloyds Bank Plc. Once retained, we forced the bank to pay over £1m. Also featured in The Times.
ITV News at Ten
Our client and senior partner interviewed by Laura Kuenssberg on the dilatory litigation tactics of major UK banks designed to allow legal rights to become time-barred. We subsequently obtained multi million pound redress for the client featured in this national broadcast. (Press Statement)
The Sunday Times
Sky News: Jeff Randall Live
Jeff Randall, Daily Telegraph Editor-at-Large, discusses the latest in international business affairs, Live on Sky News from the Gherkin.
Following the LIBOR fraud rate-fixing scandal, our senior partner, M Ali Akram was interviewed at the Sky News Gherkin studio. We explained the complexity of swaps and that £millions/billions of redress was owed. We issued and settled more litigation claims for mis-sold IRHPS than all other law firms combined.
BBC Radio 4: The Report
The Report delivers ‘original insight on major news stories and topical investigations‘.
Barclays mis-sold a financial instrument causing a family business to face financial ruin. Other lawyers advised the company would lose and be wound-up. However, we litigated and pressed the bank into a large out-of-court settlement. Play below or on BBC iPlayer.
Shredded – Inside RBS
Our comments on RBS featured in “Shredded: Inside RBS: the Bank that Broke Britain” by Ian Fraser. The book quotes and cites our employed chancery barrister.
Watchdog Hunts Banks Over ‘Business Victims’. Article Quotes our senior partner, M Ali Akram. We comment that redress and limitation warnings are not set out by the FSA. Our client was on the Sky News Rolling Bulletin:
London Evening Standard
Case study on our client: ‘We sold my grandmother’s gold to keep up with Barclays loan payments’.
We successfully fought off a winding-up petition, LPA receivers and auctioneers. Ultimately we forced Barclays Bank to compensate our client. Print PDF version
All main BBC television bulletins featured our client as ‘FSA finds banks guilty of mis-selling to small firms’.
Our client obtained full compensation from Barclays Bank plc after we issued litigation.
Sky News Sunrise
Our partner was interviewed on Sky Breakfast News alongside our client (who later won her litigation) discussing “BREAKING NEWS: MIS-SELLING SCANDAL”
We’re quoted in leading industry trade publication The Lawyer warning UK businesses about the limitation period of six years: ‘Raft of firms win roles as mis-selling crisis hits Barclays, HSBC, Lloyds and RBS’
International Business Times
We’re interviewed about a litigation case being described in the international media as the UK’s LIBOR test case: ‘Barclays’ Libor Fixing and Mis-Selling Derivatives: Guardian Care Homes Faces a Legal Minefield’
The UK’s most popular national newspaper reported on our firm’s success and our client’s case against the Royal Bank of Scotland Plc whose GRG recoveries division and WestRegister sister company took control of 80% equity in a family bowling chain costing the owners £50m loss while RBS profited £9m [Article].
We’re interviewed about the prospect of Libor litigation which may ensue against the rate setting banks which manipulated Libor such as Barclays and UBS: ‘Lawsuits cast darker shadow over banks than Libor fines’
National Newspaper Report on our Bank Litigation team’s success against a major UK bank who sold a multi-cancelable swap to our celebrity client.
Our client’s original lawyers failed to obtain compensation. We gave fresh advice on the legal prospects and commenced High Court proceedings. The bank instructed major litigation firm Herbert Smith Freehills LLP but we still forced Lloyds to pay £1m.
Our interview in the IBTimes, results in a question being raised in the United Kingdom Parliament by The Rt. Hon. Tessa Munt MP for Wells (PPS to The Rt. Hon. Vince Cable MP). Response by The Rt. Hon. Andrew Lansley MP, Leader of the House.
“First swaps mis-selling case heads to Rolls Building“. The Law Society Gazette reported, as did the national print media, on our client’s claim against Barclays Bank Plc. The claim centred on complex financial swaps instruments, credit limit utilisation and consequential losses.
Civil Justice Council
Our senior partner invited to the Civil Justice Council’s seminar reviewing Part 2 of LASPO 2012. The UK government asked the CJC to convene the seminar to consider the DBA reforms & extent to which they meet legislative objectives. Senior judiciary and government ministers and civil servants in attendance and receptive to the need for legislative change.
Our litigation client, Tracy Standish of Bowlplex, featured in BBC News TV report on leaked FCA RBS GRG Westregister misconduct report. 92% of viable business customers put into GRG “experienced some form of inappropriate action by RBS”. Case: Tracy Standish & Others v The Royal Bank of Scotland Plc and Another  EWHC 1829 Ch
Sunday Times article on our demands against the BBC, RBS and the FCA: “Lawyers demand BBC releases leaked report on RBS case clients“. We also ask why the FCA has not reported on RBS GRG for 4 years and criticise the FCA as a trade union for bad banks.
We contributed to the All Party Parliamentary Group (APPG) on Banking report titled Fair Business Banking For All – improving access to justice for businesses in financial services disputes. Conclusion: A Financial Services Tribunal is a must for SMEs.
Legal industry publication Law360 reported on our clients’ High Court litigation as follows:
The pursuit of High Court litigation against Royal Bank of Scotland and NatWest by Wenta, our not-for-profit client, is just one example of the growth in the importance of ‘no win, no fee’ agreements for SME claimants.
London Evening Standard
Our client’s £50m litigation claim #Bowlplex vs @RBS in tonight’s London @EveningStandard via @SignorBow – #RBS #GRG review scheme slammed.
GEO TV News
International broadcast and print media reported on our legal work for one of our high-profile clients connected to former Pakistan Prime Minister Nawaz Sharif’s conviction appeal case: “What’s in Judge Arshed Malik’s Video: UK forensic report?“
BBC Business Correspondent, Joe Lynam, obtained a leaked regulatory report from a confidential source. We advised and provided managed access to our clients.
Our client’s case was featured as rolling news on all major bulletins from the BBC and across the BBC home pages:
Comet Group collapse – Our insolvency litigation partner interviewed by Sky News anchor Joel Hills live at the Gherkin. See our article: http://wp.me/p2MQoC-jq
Also interviewed by Sky News’ Business Correspondent, Poppy Trowbridge, on the potential inequitable liquidation outcome and government policy reform.
Legal industry report on our LIBOR case: “Lloyds, Investors Stay Suit To Decide Swaps Mis-selling Claim“. The High Court in London has stayed a claim against Lloyds Bank PLC until March to allow the British lender and three property investors to enter into talks to resolve the dispute out of court. Lloyds has until March 31 to settle the dispute with three property investment companies, which specialize in buying and renting property in the U.K., that are suing the bank for allegedly selling swaps linked to rigging of the London Inter-bank Offered Rate, or Libor.
LEXLAW were the only law firm referenced in a Parliamentary backbench motion on RBS’s Global Restructuring Group’s (GRG) systemic failure to protect SMEs. RBS was criticised for its “extraordinarily aggressive” approach to litigation and bullying SMEs into submission. The Rt Hon Kate Green MP said:
“LEXLAW has detailed other cases where RBS failed to provide full disclosure to the court and the claimant. That is clearly not how litigation should be conducted. “
Shredded – Inside RBS
“Shredded – Inside RBS: The Bank That Broke Britain” by leading investigative journalist Ian Fraser. Our litigation solicitors & barristers are mentioned in the preface and elsewhere in this book. Covers the rise and fall of the Royal Bank of Scotland Plc, whom, alongside our clients, we have litigated against on many occasions.