Trowers & Hamlins have acted for the All Party Parliamentary Party Group on Fair Business Banking in its intervention in the Supreme Court case.
The APPG’s intervention ensured the Court, as it considers its judgment, has been presented with the position of the many borrowers who have felt forced by their banks to agree unfair terms or face foreclosure. In particular, it draws attention to the report under section 166 of the Financial Services and Markets Act 2000 into the Global Restructuring Group of Royal Bank of Scotland and the HBoS Reading fraud.
The case is the first time that lawful act duress has come before the Supreme Court. The Court will be considering what the ingredients of economic duress are and if it can arise where lawful threats support a demand that a party genuinely believes it is entitled to make.
Partner Ned Beale (Picture) and Solicitor Sam Robinson from the Litigation team at international law firm Trowers & Hamlins have acted on the case.
Law Firms: Trowers & Hamlins;
Clients: All Party Parliamentary Party Group;