Interest Rate Swap and Hedging Product Misselling

In July 2012, the Financial Services Authority (FSA) (Now the Financial Conduct Authority) confirmed that it had discovered serious failings by major British banks who had been mis-selling interest rate swap and hedging products to individuals and SMEs in the UK since 2001. Interest rate swaps were sold by banks to act as protection to Read More …

Financial Misselling and Interest Rate Swaps

5 simple questions: 1) Have you entered into an Interest Rate Swap, hedging or capped agreement? 2) If so, have you been made fully aware as to your obligations under the agreement? 3) How much it is costing you or affecting the profitability of your business?  4) Are you aware of the implications of the Read More …

Financial Times Contribution

I was recently asked by the Financial Times to respond to a reader’s question, so I have decided to relate the question and my response to readers of this blog. The full article can be found here http://www.ft.com/cms/s/0/15607a86-4b56-11e1-a325-00144feabdc0.html#axzz1tc3QTCRR , although you may need to log in to read it. (All rights reserved to the FT): Can my Read More …

Another Financial Mis-Selling Scandal?

In an article on the BBC website today (http://www.bbc.co.uk/news/business-15358930) the question was asked as to whether British banks are on the cusp of another mis-selling scandal? This follows last April’s ruling, where the major High Street banks were ordered to pay out billions of pound in compensation to borrowers whom they forced into buying unnecessary Read More …

Restrictive Covenants

A Restrictive Covenant is a negative covenant that restricts the way in which a party can act. They are commonly used in the context of Property (to govern the way in which land may be used), Employment (what an employee cannot do after a period of employment or service) or in a company purchase or Read More …

Small Business IP Matters

Intellectual Property and Small Businesses. It is actually worth registering IP if it is prohibitively expensive and time consuming to enforce. Read More …