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Crestsign mis-selling: suspense to last indefinitely

As part of a confidential settlement reached with NatWest and RBS, Crestsign vacated the appeal set to be heard in April 2016.

Accordingly, the unsuccessful rendezvous with the Court of Appeal will leave open for now the difficult questions at the heart of this swap mis-selling case and also found in a number of similar cases[1]. Typically, the issues revolve around the scope of the duties owed by a bank to a client and the effectiveness of contractual limitations to prevent duties from arising.

The grounds of appeal are discussed in this blog post.

[1] See for instance Thornbridge Limited v Barclays Bank plc [2015] EWHC 3430 (QB) also being appealed.

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