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Dispute Resolution Blog

The Scandals surrounding Cerberus – only in Ireland or also closer to home?

The Scandals surrounding Cerberus – only in Ireland or also closer to home?Posted on Sep 09, 2015 by Liina Tulk  | 0 CommentsIntroductionCerberus was the name of the three-headed dog that guarded the gates of Hades. It definitely was not the type of a dog one would trust to get too close to. Perhaps the same applies to its namesake – the New York investment firm that in Scotland is probably best known for buying large parts of Clydesdale Bank’s commercial property portfolio.Similarly to the three-headed dog, Cerberus Capital Management does not have a reputation for being warm and cuddly. It...
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1654 Hits

Signs of a Storm to Come – Cracks in the FCA Review Programme Continue to Spread

Signs of a Storm to Come – Cracks in the FCA Review Programme Continue to Spread Posted on Aug 07, 2015 by Liina Tulk  | Tags: mis-selling, interest rate hedging products, FCA Review, RBS, Barclays, Suremime Limited v Barclays Bank Plc  | 0 Comments Uneasy waters so farThe English High Court’s decision is another in a series of blows against the banks and independent reviewers involved in carrying out the FCA Review Programme of Swap Mis-Selling. I blogged back in May (see blog here) about the Bully Banks pressure group taking steps to judicially review the FCA and their flawed compensation...
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1936 Hits

Consequential Losses Claims – What Next?


Consequential Losses Claims – What Next? Posted on Oct 29, 2015 by Liina Tulk  | 0 Comments IntroductionSince the FCA’s launch of their review into the mis-selling of Interest Rate Hedging Products (IRHPs), banks have been relatively open to settling mis-selling claims relating to actual interest or breakage charges paid under the IRHPs. What the banks have been a lot less willing to do is cover the consequential losses that thousands of customers have suffered as a result of these mis-sold IRHPs. Typically in respect of consequential losses banks are willing to offer only 8% interest on top of any redress...
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1497 Hits

Study seeks to look at the true cost of bank driven insolvency

Study seeks to look at the true cost of bank driven insolvency Posted on Jul 09, 2015 by Iain McDougall  | Tags: Bank Misconduct, IRHP, Swaps, Insolvency, Restructuring  | 0 Comments The CCP Research Foundation, a research institution interested in good governance and public trust in financial institution has begun a study in to the cost of insolvencies driven by banks. The study has is being undertaken by a panel of experts including solicitors, forensic accountants and insolvency practitioners.The focus of the study will be to look at the costs associated with insolvency for businesses which have been put through insolvency...
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2357 Hits

RBS Accused of Modifying Customer Files to Influence Interest Rate Hedging Compensation Decisions

RBS Accused of Modifying Customer Files to Influence Interest Rate Hedging Compensation Decisions Posted on Nov 06, 2015 by Iain McDougall  | 0 Comments Many readers of our blog will be aware of the FCA review process for the mis-selling of interest rate hedging products.Those familiar with the scheme will know that bank customers who may have been mis-sold hedging products are invited to make submissions to their respective bank’s review team.  These submissions are considered by the review team together with any evidence the customer may have supporting their claim before a decision is made and then passed on to...
  1992 Hits
1992 Hits

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