---
title: "Swaps Mis-selling: Judgment in Crestsign Ltd v NatWest & RBS"
url: https://lexlaw.co.uk/solicitors-london/high-court-judgment-crestsign-limited-claimant-and-1-national-westminster-bank-plc-2-the-royal-bank-of-scotland-plc/
date: 2014-09-26
modified: 2026-06-02
author: "LEXLAW Solicitors & Barristers"
description: "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."
categories:
  - "Banking Law"
  - "Financial Services Litigation"
tags:
  - "Banking Law"
  - "Banks"
  - "Derivatives"
  - "Financial Regulation"
  - "Hedging"
  - "Interest Rate Swaps"
  - "IRHPs"
  - "Mis-selling"
  - "Swaps Mis-selling"
image: https://lexlaw.co.uk/wp-content/uploads/2018/03/rcj-royal-courts-of-justice-lexlaw-lawyers-london-1024x683.jpg
word_count: 215
---

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

[![Royal Courts of Justice Logo - LEXLAW Litigation Solicitors](https://lexlaw.co.uk/wp-content/uploads/2013/10/Royal-Courts-of-Justice-Logo-LEXLAW-Litigation-Solicitors-150x150.png)](https://lexlaw.co.uk/wp-content/uploads/2013/10/Royal-Courts-of-Justice-Logo-LEXLAW-Litigation-Solicitors-195x190.bk.optm.png)
Neutral Citation Number: [2014] EWHC 3043 (Ch) Case No: HC13B02029

**IN THE HIGH COURT OF JUSTICE**
**CHANCERY DIVISION**
Rolls Building, Royal Courts of Justice
7 Rolls Buildings, Fetter Lane
London, EC4A 1NL

Date: 26/09/2014

Before :
MR TIM KERR QC (sitting as a Deputy Judge of the High Court)
- - - - - - - - - - - - - - - - - - - - -
Between :
**CRESTSIGN LIMITED**
Claimant
-and-
(**1) NATIONAL WESTMINSTER BANK PLC**
**(2) THE ROYAL BANK OF SCOTLAND PLC**
Defendants

RICHARD EDWARDS (Instructed by Slater & Gordon (UK) LLP, 50-52 Chancery Lane, London, WC2A 1HL) appeared on behalf of the Claimant
ANDREW MITCHELL QC and LAURA JOHN (Instructed by DLA Piper, 3 Noble Street, London, EC2V 7EE) appeared on behalf of the Defendants

Hearing dates: 21-24 July 2014, 28-29 July 2014

**Approved Judgment**

I direct that pursuant to CPR PD 39A para 6.1 no official shorthand note shall be taken of this Judgment and that copies of this version as handed down may be treated as authentic.
.............................

[Final Judgment - Crestsign Ltd v Natwest RBS](https://lexlaw.co.uk/wp-content/uploads/2014/09/Final-Judgment-Crestsign-Ltd-v-Natwest-RBS.pdf)

*LEXLAW have conducted and settled substantially more derivatives litigation than any other law firm in England & Wales and are the leading law firm acting against banks in derivatives mis-selling claims.*