Search: “high court litigation”

We found 333 results for your search.

lexlaw financial services litigation lawyers in london

Treasury Committee reports on Conduct in SME lending (FCA IRHP Mis-selling Review, TBLs, Hidden Swaps and GRG)

The Treasury Committee report criticises conduct in SME lending, focusing on four key areas: FCA’s IRHP mis-selling review, Tailored Business Loans (TBLs), hidden swaps embedded in loans, and RBS’s Global Restructuring Group (GRG). The report finds systemic failings, lack of transparency, and inadequate customer protections. It calls for stronger regulatory oversight, better redress schemes, and reforms to prevent banks exploiting SMEs through complex financial products and aggressive recovery tactics.

rcj royal courts of justice exterior lexlaw litigation tax winding up lawyers

Swaps Mis-selling: Judgment in Crestsign Ltd v NatWest & RBS

The High Court judgment in Crestsign Ltd v NatWest & RBS ( EWHC 3043) deals with swaps mis-selling claims by Crestsign Limited against the banks. The case examined whether the banks properly advised Crestsign on interest rate hedging products (swaps) and complied with regulatory obligations. The judgment addresses issues of mis-selling, suitability of advice, and breaches of conduct rules. It forms an important precedent in derivatives mis-selling litigation against major UK banks.

Recruitment: Legal Cashier

LEXLAW is a City of London litigation practice operating from professional chambers in Middle Temple. The firm focuses on financial services litigation, high net worth immigration and insolvency…

Recruitment: Experienced Costs Lawyer

LEXLAW is a City of London litigation practice operating from professional chambers in Middle Temple. The firm focuses on financial services litigation, high net worth immigration and insolvency…

lloyds bank london lexlaw litigation bank finance solicitor claims against banks lawyers london

The Times: Lloyds swap case settlement revealed

Our client was awarded about £1 million in a swaps mis-selling settlement with Lloyds after being sold a complex multi-cancellable swap they did not understand. The product allowed Lloyds to cancel the contract if interest rates rose, removing the protection at critical times. The case highlights how banks have been settling many swaps claims discreetly.

The Court of Appeal dismissed the Green & Rowley appeal against RBS regarding swaps mis-selling. The appeal failed mainly because the claimants abandoned their section 150 FSMA claim, likely due to mistaken limitation concerns. The court found no common law advisory duty beyond regulatory compliance in this case. The decision highlights the critical importance of correctly calculating limitation periods in swaps mis-selling claims to avoid losing legal rights.

Green & Rowley -v- The Royal Bank of Scotland: Appeal Dismissed

The Court of Appeal dismissed the Green & Rowley appeal against RBS regarding swaps mis-selling. The appeal failed mainly because the claimants abandoned their section 150 FSMA claim, likely due to mistaken limitation concerns. The court found no common law advisory duty beyond regulatory compliance in this case. The decision highlights the critical importance of correctly calculating limitation periods.

Bank Reviews of IRHPs / Swaps (FCA / FSA Review)

In June 2012 the Financial Conduct Authority (FCA), formerly the Financial Services Authority (FSA), indicated it had found “serious failings” in the sale of swaps and other interest rate…

break costs early repayment fees hidden fixed rate loan swap gilts banks insurance aviva norwich union gpcf lloyds nationwide west bromwich

Hidden Swaps in Fixed Rate Loans & TBLs

Fixed Rate Loans mis-selling has come to light due to massive break costs (also called early redemption fees or penalties). These arise because banks and insurers have hidden complex derivatives (with massive contingent liabilities) in a ‘loan wrapper’ but not explained this to the customer. Lloyds, Clydesdale, Yorkshire, Nationwide, West Bromwich, Norwich Union and Aviva (GPCF) have all sold Fixed Rate Loans.

lexlaw litigation solicitors in london lawyers professional negligence

The Times: Banks’ secretly settling swaps mis-selling cases

The Times Newspaper reports that banks are secretly settling swaps mis-selling cases with small businesses, often on the eve of court proceedings. These settlements are kept confidential, and the banks often make public statements denying wrongdoing. The number of claims is increasing as businesses become aware of the issue. Businesses argue that the swaps were too complex and that banks failed to explain the risks involved.

china chinese insolvency chase debt unpaid invoice lexlaw litigation solicitors barristers in london limitation

Legal Comment on Green & Rowley v RBS [2012] EWHC 3661 (Swaps Mis-selling Judgment)

This judgment shows the complexity and fact-sensitive nature of swap mis-selling claims. The claimants were found to be experienced businessmen dealing with a straightforward swap, unlike many cases where claimants are less sophisticated and products are more complex. Key points include the importance of early document disclosure and careful handling of limitation periods. Specialist legal advice is essential to assess and manage swap mis-selling claims effectively. Contact Lexlaw for expert guidance and representation.