LEXLAW Solicitors & BarristersKiki Loizou, Small Business Editor of The Sunday Times, reports on one of our derivatives litigation cases where Barclays Bank plc mis-sold a highly toxic derivative (a 27-year…
The Royal Bank of Scotland PLC (RBS.L) has settled a High Court claim [1] over the mis-selling of two complex collar derivatives [2] in 2007 to Mehnaaz Chaudhry, a businesswoman…
The Times Brief reports that a company with a Queen’s award for its work in boosting British entrepreneurs is suing two of the country’s biggest banks after they…
Westgate Healthcare settled a legal dispute with RBS for £10m, involving alleged misrepresentation and breach of contract regarding an interest rate swap. Deemed too sophisticated for FCA’s compensation scheme, Westgate’s claim, initiated in April 2014, led to a settlement with RBS, who imposed confidentiality and accepted no liability.
The High Court has decided that it is arguable that major banks owe duties of care to their SME customers to conduct the FCA Interest Rate Hedging Product…
The Sunday Times reports on the largest ever publicly disclosed settlement of an interest rate swaps mis-selling case. The derivatives in question were sold to a Care Home by Lloyds…
Kiki Loizou, of The Sunday Times, reports on our Financial Services Litigation team’s recent successful settlement of a swaps mis-selling litigation case. A multi-cancellable swap was sold to…
Holmcroft Properties Limited v KPMG (Daily Telegraph, April 25, 2015, Business 33). Holmcroft wins permission to bring a judicial review against KPMG’s conclusion that the redress offered in the redress…
The House of Commons Treasury Committee has today (10 March) published its report on Conduct and competition in SME lending. This report covers bank mis-sold interest rate derivatives,…
The Financial Conduct Authority’s confidential agreement with several major banks, which set up the Interest Rate Hedging Product (IRHP) Review, was published today. The Treasury Select Committee has also…