The outcome of claims regarding interest rate hedging products (IRHPs) is generally mixed, with companies having been dealt a number of blows, particularly in respect of consequential losses, and the court having ruled in the bank’s favour. But this doesn’t mean all cases are doomed to fail, as Polly Blenkin, senior associate at Mishcon de Reya LLP, explains following the first ruling of its kind for private individuals (as opposed to companies) bringing a case to trial.
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