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  • Posts Tagged ‘Limitation Act’

    Peril of leaving (ineffective) service of litigation claim form to the last minute

    Posted on June 12th, 2019 by Jenny Julian

    Summary of the Court of Appeal judgment in case of Woodward & anor. v Phoenix Healthcare Distribution Limited in which Lexlaw represented the Appellants in place of their former solicitors, Collyer Bristow.

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    HM Parliament Condemns RBS GRG’s Parasitic Treatment of SMEs

    Posted on January 26th, 2018 by Jaron Dosanjh

    On 18 January 2018, a Parliamentary backbench motion on RBS’s Global Restructuring Group’s (GRG) systemic failure to protect SMEs has received unanimous Ministerial support in condemning the bank’s parasitic relationship and systematic asset stripping of the British business sector. The debate […]

    The Times: Lawyers launch petition for financial mis-selling tribunal

    Posted on December 19th, 2016 by Jenny Julian

    The Times Brief reports that we have launched an online petition in an attempt to apply public pressure on banks to settle compensation claims for financial product mis-selling. The petition launched on Friday calls on the government to create a […]

    Petition: Establish a Financial Services Tribunal to resolve customer disputes.

    Posted on December 19th, 2016 by M Ali Akram

    Major banks and other financial services institutions are often in dispute with customers who deserve protection. Access to court is costly. The FOS ombudsman scheme is inadequate. The FCA is not equipped to resolve disputes. Tribunals offer scrutiny, justice and […]

    GRG WestRegister took 80% Equity in Bowlplex – Cost Owners £50m; while RBS Profited £9m

    Posted on December 4th, 2016 by Jenny Julian

    RBS has been accused of deliberately destroying small businesses In the past five years, LexLaw has issued more High Court litigation over bank misconduct than all other law firms in the UK By VICKI OWEN FOR THE MAIL ON SUNDAY […]

    Flaws in RBS ‘New Complaints Process’ and ‘Complex Fee Refund’ – RBS GRG West Register compensation scheme examined

    Posted on November 11th, 2016 by Jenny Julian

    Royal Bank of Scotland Plc (RBS) have announced a New Complaints Process and Complex Fee Refunds for SME customers who were in their GRG division between 2008 to 2013. However, this process has serious flaws – those businesses that went […]

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    LEXLAW Case Study: RBS pay £1m to settle derivatives mis-selling claim with social care provider

    Posted on July 2nd, 2016 by Jenny Julian

    The Royal Bank of Scotland PLC (RBS.L) has settled a High Court claim [1] over the mis-selling of two complex collar derivatives [2] in 2007 to Mehnaaz Chaudhry, a businesswoman who provides residential care and social support services to disadvantaged children and […]

    LIBOR fraud arguable in swaps mis-selling claims; Resetting the 6-year contractual limitation clock

    Posted on November 26th, 2015 by Sivakumaran Sivathillainathan

    In a damaging judgment for RBS, the High Court has ruled that LIBOR fraud allegations against RBS in a derivatives mis-selling claim are “plainly properly arguable” and that there is evidential “support for an inference of fraud and dishonesty at the highest […]

    The Sunday Times: ‘Lloyds pays up on rate swap wrangle’

    Posted on July 26th, 2015 by Jenny Julian

    Kiki Loizou, of The Sunday Times, reports on our Financial Services Litigation team’s recent successful settlement of a swaps mis-selling litigation case.  A multi-cancellable swap was sold to a Care Home operator by Lloyds Bank. The bank refused to compensate […]

    Enterprise Finance Guarantee Mis-Selling & Royal Bank of Scotland EFG Review

    Posted on April 21st, 2015 by Sivakumaran Sivathillainathan

    The Royal Bank of Scotland (RBS) is reviewing its past sales of 1,800 Enterprise Finance Guarantee (EFG) loans to small businesses, following concerns that RBS did not properly explain the risks of EFG loans to SME customers already in financial distress. […]