RBS v Carlyle – Where Now?

By Cat MacLean, Partner & Head of Dispute Resolution
INTRODUCTION
This is clearly a great victory for Mr Carlyle after a long and punishing 7 years. However, when the celebrations are over, the key question that remains to be answered is whether the UK Supreme Court’s decision will have wider implications.
To date, victories by SMEs and individuals against banks have been few and far between. It has, of course, been an uphill battle for property developers and SMEs since the recession first hit, […]

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FOS- SME Bank Loan Disputes Jump By A Third

The number of small businesses asking the Financial Ombudsman Service to intervene in disputes over bank loan and overdraft facilities has jumped by a third in the last year, according to LDF, a leading finance provider.
Figures show that the number of complaints received by the FOS from small businesses about loans and overdrafts from banks increased from 612 in 2012 to 816 in 2013.*
LDF points out that the actual number of disputes between businesses and banks over their loan […]

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