Category: RBS

fraud dishonest assistance litigation privilege financial services bank vicarious liability

High Court considers legal privilege in case concerning fraudulent trading and dishonest assistance

The High Court held RBS and Natwest vicariously liable for traders assisting in fraud, despite lacking actual knowledge of the fraud. Read the full judgment for Bilta (UK) Ltd & Ors v Natwest Markets Plc & Anor [2020] EWHC 546 (Ch), which case concerned legal privilege amongst allegations of fraudulent trading and dishonest assistance.

Post date 20 October 2020
Post author By Sophia Hanif
Post categories In Banking Law, High Court, Litigation privilege, RBS, VAT Fraud, Wrongful Trading
Tags dishonest assistance, fraudulent trading, High Court, legal privilege, Litigation Privilege, NatWest, VAT Fraud

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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

LEXLAW Raises Concerns with the FCA on its Implementation and Oversight of the IRHP Review & Redress Scheme

In June 2019, the FCA appointed Mr John Swift QC as an independent reviewer for the lessons learned review commissioned by the FCA’s board. The review of the…

Post date 4 October 2019
Post author By Jaron Dosanjh
Post categories In Banking Dispute Resolution Service, Banking Law, Barclays, Derivatives, FCA, Financial Mis-selling, IRHP Reviews, Lloyds, Media, News, RBS
Tags Banks, Derivatives, Derivatives Mis-selling, FCA, FCA Review, IRHP reviews, Media, Mis-selling, News

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

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APPG on Fair Business Banking: Improve SMEs access to justice and establish a Financial Services Tribunal

The APPG on Fair Business Banking launched their highly anticipated dispute resolution report on 11 July 2018. The report, authored by Kevin Hollinrake MP and undertaken by the Centre…

Post date 12 July 2018
Post author By Jaron Dosanjh
Post categories In Banking Dispute Resolution Service, Banking Law, Barclays, BDRS, Borrower Protection, Derivatives, FCA, Financial Mis-selling, Financial Ombudsman Service, Financial Services Litigation, Financial Services Tribunal, Fixed Rate Loans, Fraud, Global Restructuring Group, Insolvency, IRHP Reviews, Litigation, Lloyds, Media, News, Parliament, RBS
Tags banking dispute resolution service, Banking Law, Banks, Barclays, bdrs, Derivatives, FCA, Financial Conduct Authority, Financial Ombudsman Service, Financial Regulation, Financial Services, FSA, Global Restructuring Group, GRG, Interest Rate Swaps, IRHP, Litigation, Media, Mis-selling, NatWest, RBS, Swaps Mis-selling

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“Banks, Frauds and Accomplices”: Police and Crime Commissioner rebukes Lloyds & large-scale UK banking fraud beyond HBOS scandal

Ali Akram and Jaron Dosanjh attended Parliament on LEXLAW’s behalf at the New City Agenda Event, Tuesday 10th July 2018, Committee Room 14, House of Commons

Post date 10 July 2018
Post author By Jaron Dosanjh
Post categories In Banking Law, Barclays, Borrower Protection, FCA, Financial Mis-selling, Financial Ombudsman Service, Financial Services Litigation, Financial Services Tribunal, Fraud, Global Restructuring Group, GRG Review, Lloyds, Media, News, Parliament, RBS, White Collar Crime
Tags Banking Law, Barclays, Clydesdale Bank, FCA, Financial Conduct Authority, Financial Ombudsman Service, Financial Regulation, FSA, GRG, Lloyds, NatWest, Yorkshire Bank

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