Mis-Selling | Mayo Wynne Baxter
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Fundamental dishonesty

Fingers crossed behind businessmans back

Introduction The recent introduction of the Criminal Justice & Courts Act 2015, has enhanced a defendant’s ability to challenge dishonest personal injury claims. In addition to the exceptions for recovering costs in Qualified One-Way Costs Shifting (QOCS) matters, the Courts will now be compelled to strike out claims where a claimant is found to have… Read the rest of this post (No Comments)

The pressure is on banks to provide compensation for mis-selling of financial products

Katherine Leppard and broadcast journalist Andrew Neil.

A strategic debate to discuss the mis-selling of Interest Rate Hedging Products (IRHPs) was held in London last week (March 20). The debate included discussion of swaps – a product designed to counteract or ‘hedge’ against fluctuating interest rates. The event was attended by leading lawyers  representing small businesses and other individuals affected by being… Read the rest of this post (No Comments)

Beauty company Lush’s landmark victory over Amazon

Boxing gloves

The cosmetics company Lush has today won its High Court battle against Amazon for breach of its trademarks. A search for “Lush” on Amazon’s website directs customers to similar, non-Lush-branded products.  Lush, a natural cosmetics company that takes a strong ethical stance on issues such as the environment and animal testing made an claim in… Read the rest of this post (No Comments)

Banks told to pay up in latest mis-selling scandal

Tens of thousands of UK businesses who were mis-sold unnecessarily complicated financial products could be in line for compensation according to an FSA investigation. After looking into products sold by Barclays, HSBC, RBS and Lloyds the bank watchdog today revealed a shocking 90% of interest rate hedging products (IRHPs) in its pilot review did not… Read the rest of this post (No Comments)

Top 5 indicators that your bank may have mis-sold you

Many small to medium businesses (SME’s) took out long term loans with complex financial arrangements including interest rate financial protection products also know as ‘interest rate SWAPS’ or ‘hedges’ or ‘derivatives’. If a business has borrowed money in the past ten years it could have been mis-sold these SWAPS. The fall in interest rates in… Read the rest of this post (No Comments)