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Establishing a tribunal system for financial disputes involving SMEs

Establishing a tribunal system for financial disputes involving SMEs
Published on: 01 March 2018
Published by: LexisPSL
  • Establishing a tribunal system for financial disputes involving SMEs
  • What is the proposal and where is it coming from?
  • How will a tribunal help SMEs resolve disputes against banks?
  • How effective have such tribunals been in the past?
  • How would tribunals prevent scandals, such as Royal Bank of Scotland’s Global Restructuring Group (GRG) scandal, from recurring?
  • What role, if any, will lawyers play? Are there any other points lawyers should be aware of?

Article summary

Financial Services analysis: Will a proposed lawyer-free forum for financial disputes provide an open and robust setting for mid-market clients, including small and medium-sized enterprises (SMEs), to hold banks to account? Richard Samuel, barrister at 3 Hare Court Chambers, explains why lawyers should be excited about the prospect of a financial services tribunal. or take a trial to read the full analysis.

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