Category: Financial Services Litigation | Page 4 | LEXLAW Solicitors & Barristers

BBRS expects complaints over COVID-19 UK Business Loans

The Business Banking Resolution Service (BBRS) is the latest independent organisation set up to offer alternative redress for businesses that have been victim to banking misconduct.

Post date 28 September 2020
Post author By Jaron Dosanjh
Post categories In Advice for Employers, Banking Dispute Resolution Service, Banking Law, Barclays, BBRS, BDRS, Civil Litigation, COVID-19, Financial Mis-selling, Financial Ombudsman Service, Financial Services Litigation, Financial Services Tribunal, Lloyds, Media, News
Tags BBRS, Business Banking Resolution Service, Business Loans, CBILS, Coronavirus Business Interruption Loan Scheme, COVID-19

Update: FCA’s Business Interruption Insurance Test Case

The FCA’s test case is likely to be the quickest route to clarity on whether losses caused by Covid-19 are covered by Business Interruption insurance. Most SME insurance policies are focused on property damage (and only have basic cover for BI as a consequence of property damage) so, at least in the majority of cases, insurers are not obliged to pay out in relation to the coronavirus pandemic. This case is focused on the remainder of policies that could be argued to include cover.

Post date 28 July 2020
Post author By Jaron Dosanjh
Post categories In Business Interruption Insurance, Civil Litigation, Coronavirus, COVID-19, FCA, Financial Services Litigation, High Court, Insurance, Litigation, Media, News
Tags BI insurance, Coronavirus, Disputed Insurance Claims, FCA, Hiscoxs, Test case

LIBOR fraud claim falls at the limitation hurdle

The High Court has struck out a LIBOR fraud claim brought by a property investment firm against two renowned banks Natwest and RBS, two weeks after the publication of FCA’s findings against the banks, concluding that it was time barred.

Post date 15 June 2020
Post author By Sophia Hanif
Post categories In FCA, Financial Mis-selling, Financial Services Litigation, Fraud, LIBOR, LIBOR Manipulation, Litigation
Tags Fraud, LIBOR Manipulation

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Property developer loses £multi-million RBS claim: Lessons for future claimants

Judge Timothy Kerr handed down judgment yesterday in the case of Oliver Dean Morley (trading as Morley Estates) v. The Royal Bank of Scotland PLC (case number HC-2017-002318).…

Post date 28 January 2020
Post author By Jaron Dosanjh
Post categories In Banking Law, Borrower Protection, Civil Litigation, Derivatives, Financial Mis-selling, Financial Services Litigation, Fixed Rate Loans, Global Restructuring Group, HM Treasury, IRHP Reviews, Litigation, Media, News, RBS, Westregister
Tags Civil Litigation, Claims against Banks, Disclosure, High Court, RBS, SMEs, Treasury

Business Banking Resolution Service Pilot Launches for SMEs: Is your business eligible to apply for redress?

The Business Banking Resolution Service (BBRS) is the latest independent organisation set up to offer alternative redress for businesses that have been victim to banking misconduct. On 1…

Post date 4 December 2019
Post author By Jaron Dosanjh
Post categories In Banking Dispute Resolution Service, Banking Law, Barclays, BBRS, Financial Mis-selling, Financial Ombudsman Service, Financial Services Litigation, Lloyds, News
Tags ADR, APPG Fair Business Banking, Banking Reform, BBRS, FOS, Media, News, Parliament, SMEs

Business Banking Resolution Service (BBRS): complainants expected to include SMEs mis-sold EFGs by RBS & loans by Clydesdale

The Financial Conduct Authority (FCA) has said that business owners who were mis-sold tax-payer backed Enterprise Finance Guarantees (EFGs) by the Royal Bank of Scotland (RBS) may be…

Post date 6 August 2019
Post author By Jaron Dosanjh
Post categories In Banking Dispute Resolution Service, Banking Law, BDRS, Contract for Difference, Derivatives, Enterprise Finance Guarantee, FCA, Financial Mis-selling, Financial Ombudsman Service, Financial Services Litigation, Financial Services Tribunal, Fixed Rate Loans, IRHP Reviews, Litigation, Media, News, RBS
Tags BBRS, Business Banking Resolution Service, Clydesdale Bank, Financial Ombudsman Service, Financial Services Tribunal, RBS, Yorkshire Bank

Steps taken towards a Business Banking Resolution Service (BBRS) for SMEs but will it work?

In October 2018, the UK Finance-commissioned Walker Review of the redress landscape for SMEs was published. Amongst the recommendations for the settlement of both past and future disputes…

Post date 17 July 2019
Post author By Jaron Dosanjh
Post categories In Banking Dispute Resolution Service, Banking Law, Barclays, BDRS, FCA, Financial Mis-selling, Financial Ombudsman Service, Financial Services Litigation, Financial Services Tribunal, Global Restructuring Group, GRG Review, HM Treasury, IRHP Reviews, Litigation, Lloyds, Media, News, Parliament, RBS, Uncategorized
Tags BBRS, Business Banking Resolution Service, implementation steering group, IRHP reviews

FCA’s final report on GRG: Financial watchdog fails (again) to take enforcement action against RBS’s misconduct

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…

Post date 13 June 2019
Post author By Jaron Dosanjh
Post categories In Banking Dispute Resolution Service, Banking Law, BDRS, Civil Litigation, Derivatives, FCA, Financial Mis-selling, Financial Services Litigation, Fixed Rate Loans, Global Restructuring Group, GRG Review, HM Treasury, News, Parliament, RBS
Tags Banking & Finance, FCA Review, GRG, Parliament, RBS, RBS GRG

GRG Complaints Process Outcomes: What next?

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…

Post date 31 January 2019
Post author By Sophia Hanif
Post categories In Banking Law, Derivatives, FCA, Financial Mis-selling, Financial Services Litigation, Fixed Rate Loans, Global Restructuring Group, GRG Review, HM Treasury, IRHP Reviews, Litigation, Media, News, RBS, Westregister
Tags Claims against Banks, Financial Services, GRG, GRG Appeals, GRG Review, IRHP, Mis-selling, National Westminster Bank, Royal Bank of Scotland

Potential claims against HM Treasury: Government department allegedly controlled RBS GRG’s mis-treatment of SMEs

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…

Post date 30 January 2019
Post author By Jaron Dosanjh
Post categories In Banking Law, FCA, Financial Mis-selling, Financial Services Litigation, Fixed Rate Loans, Fraud, Global Restructuring Group, GRG Review, HM Treasury, IRHP Reviews, Litigation, Media, News, Parliament, RBS, Westregister, White Collar Crime
Tags Asset Protection Agency, Financial Services Litigation, GRG Review, RBS, RBS GRG, SMEs, Treasury Committee, West Register

BBRS expects complaints over COVID-19 UK Business Loans

Update: FCA’s Business Interruption Insurance Test Case

LIBOR fraud claim falls at the limitation hurdle

Property developer loses £multi-million RBS claim: Lessons for future claimants

Business Banking Resolution Service Pilot Launches for SMEs: Is your business eligible to apply for redress?

Business Banking Resolution Service (BBRS): complainants expected to include SMEs mis-sold EFGs by RBS & loans by Clydesdale

Steps taken towards a Business Banking Resolution Service (BBRS) for SMEs but will it work?

FCA’s final report on GRG: Financial watchdog fails (again) to take enforcement action against RBS’s misconduct

GRG Complaints Process Outcomes: What next?

Potential claims against HM Treasury: Government department allegedly controlled RBS GRG’s mis-treatment of SMEs

Bank Account Frozen? Third Party Debt Order Help

Bank Closed Your Account? The New 90-Day Rules Explained

Government-Backed Business Loan, Personal Guarantee: Are You Still Liable?

Can a Liquidator Sue After Six Years? THG v Zedra Explained

Section 36 AJA 1970: Delay Mortgage Repossession