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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FCA Appointed Independent Reviewer Leads Inquiry into FCA

1st April 2014 – Fools Day
The Treasury Committee agreed to hold an evidence session with the independent reviewer who will be appointed by the Financial Conduct Authority to lead its inquiry into the Financial Conduct Authority’s treatment of market sensitive information, they have yet to announce his/her identity.
The Chancellor of the Exchequer has also written to the FCA expressing profound concern and outlining some areas that he thinks the review should address.

Chair’s comments
Andrew Tyrie MP, the Chairman of the Treasury Committee, […]

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Serious Banking Complaints Bureau (SBCB) to aid alleged victims of RBS

A Norfolk businessman who claims the Royal Bank of Scotland (RBS) caused the collapse of his profitable company has launched a national support group to help other alleged victims of malpractice.
 A spokesman RBS was unavailable for comment.
Andy Keats, 53, of Church Lane, East Tuddenham, near Dereham, has formed the Serious Banking Complaints Bureau (SBCB) with two other RBS complainants.
Since launching the not-for-profit organisation last month more than 50 people have already made contact, alleging that RBS malpractice cost them […]

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