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Investor allowed to proceed with interest rate hedging claim based on Barclays conduct in FCA review (Suremime v Barclays)

Investor allowed to proceed with interest rate hedging claim based on Barclays conduct in FCA review (Suremime v Barclays)
Published on: 02 September 2015
Published by: LexisPSL
  • Investor allowed to proceed with interest rate hedging claim based on Barclays conduct in FCA review (Suremime v Barclays)
  • Practical implications
  • Facts
  • Amending statements of claim
  • The contract claim
  • The claims in tort
  • The duty in tort
  • The White v Jones duty
  • Reasons for allowing the tort claims to proceed
  • Court details

Article summary

Dispute Resolution analysis: The Bristol Mercantile Court has permitted an investor, who had brought a swap mis-selling claim against Barclays, to amend its particulars of claim to include new claims that the bank owed a duty of care in tort in conducting the Financial Conduct Authority (FCA) redress scheme under which it had agreed to investigate and provide redress to customers where mis-selling of interest rate hedging swaps was found to have occurred. or take a trial to read the full analysis.

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