LEXLAW Principal, M Ali Akram, was interviewed by BBC Radio 4′s “The Report” alongside our client, a firm of family butchers, who are bank mis-selling victims.
The programme discusses the mis-selling of interest rate swaps (derivatives) by retail banks to UK businesses. These derivatives were sold to small businesses from 2005 to 2008 when they were often encouraged to take out derivatives to ‘protect’ them from fluctuating interest rates.
This is an issue that has negatively impacted a wide range of businesses such as property developers/investors, franchise chains, hotels and as highlighted in The Report, even a butchers shop in East London.
The radio programme is currently available on BBC iPlayer and below.
BBC Radio 4: The Report
The Report delivers ‘original insight on major news stories and topical investigations‘.
Barclays mis-sold a financial instrument causing a family business to face financial ruin. Other lawyers advised the company would lose and be wound-up. However, we litigated and pressed the bank into a large out-of-court settlement. Play below or on BBC iPlayer.
For further information about our Interest Rate Swaps practice area please click here. To contact one of our specialist Financial Services Litigators please use email or call 0207 1830 529.