Tag: Banking & Finance

London Litigation Solicitor Bridging Loan Finance Mis-selling Claim Complaint Compensation Settlement Case Study

Bridging Loan Case Study: McDonald v London Credit – Default Interest Rate – Unenforceable Penalty

In this case our lawyers defeated “London Credit”; a bridging lender that demanded circa £160,000.00 GBP. We applied to the High Court and successfully set aside a default judgment then forced the withdrawal of a statutory demand, and 3 interim charging orders. We then forced the other side to settle – for a fraction of the sum demanded.

westgate swaps mi-selling claim against RBS bank litigation uk solicitors

RBS settles mis-sold swaps litigation (Westgate Healthcare Ltd v Royal Bank of Scotland Plc)

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.