The WLR Daily case summaries
[2018] WLR (D) 464
Court of Appeal
Elite Property Holdings Ltd and another v Barclays Bank plc
[2018] EWCA Civ 1688
2018 June 21; July 17
Lindblom, Flaux LJJ
Financial services— Redress— Hedging products— Claimant companies entering into interest rate hedging products with bank— Bank agreeing with Financial Conduct Authority to review its sale of hedging products under agreement expressly excluding third party rights— Bank offering to make redress to claimants and assess their claims for consequential loss— Whether bank under contractual duty to companies in relation to assessment of such claims— Whether assessment carried out pursuant to bank’s obligations under Financial Conduct Authority agreement