"Fault lines" identified in war against banks
Litigators rarely win swaps mis-selling claims in court against banks because of the “supremacy of contract in English law”, according to Simon Duncan, solicitor at Moon Beever, in this week’s NLJ. Outlining a series of cases, however, he argues that “fault lines have been identified” and “the parameters of the fight for recompense against the banks for swap mis-selling are only just being defined. They are not as narrow as the banks had hoped and I am optimistic that we will be able to build on these small victories”.
