By Kalvin P. Chapman I have been a qualified solicitor for five years, prior to that I had 18 months as a trainee solicitor and ~four years as a paralegal. Save for a short period I have always worked in litigation. I therefore have seen what is “usual” over that period, including the errors people [...]
By Kalvin P Chapman During the IRHP review, most lawyers became aware that where it could RBS would impose an alternative IRHP product on an SME. The alternative product meant, over-all, that RBS paid little or nothing. As such, any dispute with RBS must include a consideration of what to do if RBS rejects the [...]
By Kalvin P Chapman We have written a lot about GRG previously. However, we have seen a pattern in people contacting us (we are a unique litigation only firm that has substantial experience in litigation against banks by SMEs, so we are contacted a lot). When I qualified in 2012 I went to work on [...]
Most, if not all, of SMEs have now received either their final offer or the cash for the automatic refund scheme. The entire scheme was automated and the input of bank customers and their advisors was not allowed. The stage for most GRG cases is to make a complaint to RBS under the terms of [...]
By Kalvin P. Chapman To the wider public RBS’s fall from grace, which led to it asking the then Chancellor of the Exchequer for a bail-out to stop it folding into bankruptcy has Fred Goodwin in the lead role. To those of us in the financial litigation sector, Goodwin is a red herring, someone we [...]
By Kalvin P Chapman In November 2013 there was a report published by the entrepreneur in residence at the department for Business Innovation & Skills. The entrepreneur was Lawrence Tomlinson, who owned numerous businesses, including a care home business. The report stated that RBS was unfairly treating its customers. It was a ground breaking report, [...]
Muldoon Britton was instructed to consider the case of two owners of a hotel. As has occurred across the board, the hotel owners had been sold an Interest Rate Hedging Product in 2007 by NatWest and in 2012 was moved into RBS’s Global Restructuring Group. The business was stripped of assets and cash. Along with [...]
By Kalvin P. Chapman In the astonishing BuzzFeed document dump today is the infamous Dash for Cash email[1]. Essentially the email by Rhydian Davies, who was a regional director at RBS and now works at HSBC[2], is a naked stated to relationship managers to move as many businesses as they could in to GRG, move [...]
By Kalvin P Chapman Many people that owned businesses that were ruined by RBS have often asked why they were targeted. Today we have the evidence. The Government failed to get us the evidence. The FCA actively hid the evidence from us. The Courts ruled that most of the evidence is privileged because Clifford Chance [...]
By Kalvin P. Chapman 22/09/2016 As outlined by Muldoon Britton previously, the Department for Innovation & Skills issued a report by its entrepreneur in residence, Lawrence Tomlinon in November 2013. That report identified some of the horrific things alleged to have taken place in RBS’s infamous GRG division. In January 2014 the FCA instructed an [...]