Andrew Brown
Partner at Cardiff and London based law firm Capital Law

Entries by Andrew Brown

Paupers and Princes Alike: The Changing Face of Litigation Funding

(1) Comments | Posted 4 February 2016 | (15:05)

Litigation funding has been around for a long time, and the face of it is changing. Where it was once seen as a distress purchase, for businesses without the necessary capital to fund costly litigation procedures, it is now being utilised by financially healthy organisations, who would rather avoid risk,...

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New Financial Scandal Set to Cost Banks £33billion

(0) Comments | Posted 7 September 2015 | (16:42)

As the dust from the peak of the payment protection insurance (PPI) scandal slowly begins to settle, a fresh banking scandal worth up to £33bn is beginning to emerge. While the original PPI scandal saw many customers who didn't know they'd been mis-sold PPI receive compensation, the emerging scandal focuses...

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Banks Up Their Game in Interest Swap Compensation Saga

(0) Comments | Posted 27 January 2014 | (16:55)

Following on from my most recent two blog posts (here and here) on the subject of the ongoing interest rate swap mis selling compensation scheme, the big news for January is that the banks have finally begun to increase the pace of payouts, with compensation reaching...

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Interest Rate Swaps: Is There Enough in the Pot to Cover Consequential Losses?

(0) Comments | Posted 25 November 2013 | (14:47)

Despite setting aside almost £3 billion to compensate businesses affected by the interest rate swap mis-selling scandal, the full bill Britain's banks must pay for mis-selling swap products won't be known for some time.

According to Martin Wheatley, Chief Executive of the Financial Conduct Authority (FCA) this is...

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British Banks Told They Are Deceiving Themselves Over Interest Rate Swap Compensation

(0) Comments | Posted 4 November 2013 | (15:01)

British banks have paid out only a fraction of the £3 billion designated to compensate SMEs mis-sold interest rate swaps products, drawing criticism from the business world and the financial watchdog.

Earlier in the autumn the Financial Conduct Authority stated that 25,000 sales were in the process of being assessed...

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The Great Interest Rate Swap Saga: Are You Eligible for Consequential Losses

(0) Comments | Posted 1 October 2013 | (16:25)

The interest rate swap saga has been rumbling along for several years now (see my previous posts on the topic here and here), however it is only in the past few months that real and tangible progress has been made in redressing the wrongs of the...

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The FSA's pilot scheme on interest rate hedging products - a more sophisticated approach?

(0) Comments | Posted 18 February 2013 | (11:03)

First, a little background into the interest rate swap mis selling situation is perhaps required. Interest rate swaps were initially marketed to protect against rising interest rates, and some companies are now arguing that they were not made aware of the implications of the rate going down, or...

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How the Interest Rate Swap Saga Stifled the UK Property Market

(2) Comments | Posted 31 January 2013 | (09:06)

The interest rate swap mis selling fiasco has been making financial headlines for quite some time, however little has been said about the effect these financial products have had on the property market.

Originally interest rate swaps were marketed as low cost protection against rising interest rates,...

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