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There has been an interesting development in the courts relating to the FCA instigated Interest Rate Hedging Product Review, which may have significant consequences for any small business affected by the mis-sale of Interest Rate Hedging Products (“IRHPs”) over the last 15 years.
A version of this article was published in the New Law Journal.
Carter-Ruck has been commended as a leading firm for banking litigation in the new editions of the two leading legal directories, Chambers and Legal 500.
Carter-Ruck has achieved a substantial settlement for the liquidator of a company in ...
Carter-Ruck continues to secure high-value settlements for clients under the FCA review into the sale of interest rate hedging products, with a large number now having been offered substantial redress amounting to substantial six-figure sums.
Carter-Ruck has been listed among the leading law firms for banking litigation in the new edition of the Legal 500 Directory, in recognition of the firm’s pre-eminence in claims for large-scale financial mis-selling and interest rate “swaps” claims.
As the Times reported on 21 November 2013, Carter-Ruck is now handling claims involving hedging products totalling more than £1 billion.
For several years now Carter-Ruck has been at the forefront of efforts to obtain redress for businesses and wealthy individuals who have been mis-sold complicated interest rate hedging products such as Swaps and Structured Collars.
Carter-Ruck is at the forefront of the new litigation funding regime. The firm pioneered the use of Conditional Fee Agreements ("CFAs") in media and commercial litigation cases.
From 1 April 2013, new legislation will change the way in which solicitors can offer "no win no fee" agreements, which may mean it is harder to get legal representation on this basis.