On 11 July 2018, the All Party Parliamentary Group (“APPG”) on Fair Business Banking published its long awaited report entitled “Fair Business Banking for All – How to improve access to justice for business in financial services disputes”. By John Day In its report, the APPG highlight several, fundamental, problems that companies, particularly small to…

DaySparkes has been instructed by multiple victims of the disgraceful and quite breath-taking fraud that was perpetrated by Lynden Scourfield, the former Head of the Impaired Assets division of HBOS in Reading, and other individuals connected with the now infamous turnaround consultancy, Quayside Corporate Services. On 30 January 2017, Mr Scourfield of HBOS, David Mills…

More than two years on from the start of the LIBOR scandal the English Court awaits the trial of its first test case into LIBOR manipulation.   All eyes were on Graiseley[1]and Unitech[2] in November 2013 when they were granted permission by the Court of Appeal to amend their pleadings against Barclays and Deutsche Bank respectively…

Promontory and Mazars, the “skilled persons” appointed by the FCA to investigate the activities of RBS’s Global Restructuring Group (“GRG”), have completed their draft report into whether RBS mistreated small and medium-sized companies (“SMEs”). The FCA said initially that it would publish the results in late 2014, but it has moved the deadline several times,…

Mr Justice Snowden recently handed down his judgment in Hayfin Opal Luxco S.a.r.l & another v Windermere VIII CMBS p.l.c & others[1], which was one of the first cases to be heard in the newly established Financial List. The core issues to be determined in the Part 8 proceedings brought by the Class X noteholder were:…