LEXLAW Solicitors & Barristers
Borrowers are increasingly bringing £multi-million unfair relationship claims before the County Court, which has a wide discretion to alter the terms of unfair agreements to render them fair.
In the recent case of Ulster Bank DAC and Ors v McDonagh and Ors, the Court of Appeal confirmed that, as debt recovery cases are not considered actions for “damages”, the Civil Liability Act 1961 (CLA) does not apply to them.
The Business Banking Resolution Service (BBRS) is the latest independent organisation set up to offer alternative redress for businesses that have been victim to banking misconduct.
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