Commercial Disputes News
Archived Commercial Disputes News & Publications
This article examines the latest approach of the courts to "non-reliance clauses", which are often invoked by financial institutions in order to restrict their liability for misrepresentation.
Read the article here
A high street bank has agreed to tear up its swap agreement with disgruntled clients after Carter-Ruck complained that the product had been missold, leading to the complainants having to meet monthly repayments that were crippling their business.
Eleven claimants have recovered substantial damages and their costs in relation to a film finance scheme in which they they had invested. The case settled at a mediation, with the terms being covered by a confidentiality agreement.
Carter-Ruck is acting for a number of claimants suing a large bank in relation to an equity release scheme sold to British nationals with property in Spain.
Alasdair Pepper and Laura Haarer are representing the Claimants
Carter-Ruck is currently instructed by a variety of individuals and small businesses in relation to claims against leading banks involving the misselling of interest rate hedging products, such as "swaps", "collars" and "enhanced collars".
Further information about the claims arising from the misselling of these products is contained in this Sky News article ("Banks 'Mis-Sold' Interest Rate Protection") of 30 August 2011
See also Daily Telegraph article ("Interest Rate Swap blow to banks") concerning important decision of the German Supreme Court
Carter-Ruck has secured compensation of more than £ 1 million (plus legal costs) in a financial misselling action brought on behalf of an individual investor against a well-known financial institution (the identities of whom are to remain confidential under the terms of settlement).
Nigel Tait and Luke Staiano represented the claimant
A businessman, represented by Carter-Ruck, has secured a six-figure sum in damages plus legal costs in a 'loss of opportunity' claim for professional negligence against a firm of solicitors.
The Claimant was represented by Claire Gill
Carter-Ruck has secured a substantial settlement of a High Court claim brought by a leading corporate intelligence consultancy against luxury private jet provider VistaJet International Ltd.