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Banking Disputes Blog

New Fund for Bank Claims

New Fund for Bank Claims Posted on May 01, 2012 by Cat Maclean  | 0 Comments Restitution (noun): 1. The act of giving back to the rightful owner something lost or stolen. 2. The paying of compensation for loss or injury. 3 The return of an object or system to its original shape or position.Restitution is a newly-created fund which has been set up to assist the growing numbers of aggrieved business owners who wish to take legal action against banks and other financial  institutions.It is the culmination of a project on which we have been working for some time in an effort to...
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1314 Hits

Momentum gathers in interest rate swap mis-selling: FSA to investigate

Momentum gathers in interest rate swap mis-selling: FSA to investigate Posted on May 23, 2012 by Cat Maclean  | 0 Comments Momentum gathers on interest rate swap mis-selling – FSA to investigateFinally it appears that the FSA have been persuaded of the need for a formal review into the issue of mis-selling of interest rate swaps to SMEs, following pressure from a Treasury select committee to investigate. A formal review has just been announced this week.Apparently the matter had been considered by the FSA in 2010 and 2011 at which time the “small number of complaints” from small businesses had led...
  1222 Hits
1222 Hits

Media interest in new claims funding company

Media interest in new claims funding company Posted on May 03, 2012 by  | 0 Comments Significant media interest in the launch by MBM Commercial of Restitution, our new claims funding company designed to help smaller businesses with the cost of bringing legal action against banks and other financial institutions:The Scotsman:  "Lawyers offering "Restitution" for small businesses suing their banks".The Herald: “MBM to champion small firms in battle against banks” For more information on Restitution or to discuss a banking claim, contact Cat Maclean, Partner and Head of Dispute Resolution at MBM Commercial.
  1329 Hits
1329 Hits

MBM quoted in Herald article today

MBM quoted in Herald article today Posted on May 27, 2012 by Cat Maclean  | 0 Comments Interest Rates Swap Mis-selling: MBM quoted in the Herald todayThere’s an interesting article in the Herald today on derivatives mis-selling and the forthcoming hearing in the Court of Session tomorrow in the case of Grant Estates v RBS. Whilst the article looks at the forthcoming case, it also considers the wider picture in terms of the growing number of mis-selling claims which are now emerging, with a number of references of the work MBM is undertaking in this area –  “Major legal test for...
  1282 Hits
1282 Hits

Funding Banking Claims

Funding Banking Claims Posted on Apr 25, 2012 by Cat Maclean  | 0 Comments Funding for Banking  ClaimsThere is no doubt the property sector has been hit very hard by the recession over the past 3 years. However, there may be further trouble ahead: looming on the horizon for many in business, especially property related businesses, is the £163 billion of debt that needs to be renewed in the next three years. Combined with the increased requirement for banks to carry greater capital adequacy, this is going to put the squeeze on many businesses, especially those in the property sector.All of...
  1270 Hits
1270 Hits

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