Hearings
England & Wales
16 Dec 2016 [2016] EWHC 3294 (QB), QBD (Judge Bird sitting as a High Court judge)
17 Jul 2018 [2018] EWCA Civ 1688; [2019] Bus LR 129; [2018] 2 BCLC 460; [2018] WLR (D) 464, CA (Lindblom, Flaux LJJ)
Elite Property Holdings Ltd v Barclays Bank plc
Subject Matter
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 and to offer appropriate redress to customers — Bank offering limited redress to claimants for consequential loss — Claimants commencing proceedings against bank and subsequently seeking to amend pleadings to include claim of breach of contractual duty to investigate consequential loss — Whether bank carrying out review of sale of hedging products as required by Financial Conduct Authority owing contractual duty to customer in relation to conduct of review
[2018] EWCA Civ 1688; [2019] Bus LR 129; [2018] 2 BCLC 460; [2018] WLR (D) 464, CA
Appellate History
Elite Property Holdings Ltd v Barclays Bank plc [2016] EWHC 3294 (QB), QBD
Decision of Judge Bird sitting as a judge of the Queen’s Bench Division affirmed
Elite Property Holdings Ltd v Barclays Bank plc [2018] EWCA Civ 1688; [2019] Bus LR 129; [2018] 2 BCLC 460; [2018] WLR (D) 464, CA