News and Resources

Stay of proceedings to allow FOS complaint

10 / 6 / 2016

Lloyd Maynard is successful in High Courtapplication for a stay of interest rate swap proceedings to enable claimants to pursue redress before the Financial Ombudsman Service. Burton J agreed that a stay of proceedings for 1 year would not cause the defendant banks prejudice and the Claimants could not be faulted for having issued proceedings close to the expiry of limitation.

A copy of the Lawtel summary is available here.

icon-arrow-right icon-chevron-small-left-white icon-chevron-small-left icon-chevron-up icon-circle-arrow-right icon-linkedin icon-quote-marks icon-search-circle icon-search icon-twitter