Since the global banking crisis of 2008 we have seen a number of business clients who have been unfairly advised by banks and other financial institutions on interest rate swaps, tailored business loans and other financial mis-selling.
Working alongside colleagues from QA Legal, Gordon Deane is currently involved in a number of ongoing legal actions against various financial institutions, including Clydesdale Bank, HSBC and RBS
Gordon Deane acted on behalf of Grant Estates Limited (GEL) and its directors in three sets of proceedings raised in the Commercial Court of the Court of Session.
The proceedings related to the setting aside of an administration in relation to a property development company as a result of the miss-selling of an interest rate swap agreement.
GEL owned two properties in Fife, over which RBS had Standard Securities. RBS sought to appoint administrators in order to sell the properties. GEL attempted to prevent them from doing so and to have the appointment of the administrators overturned.
The actions were dismissed following a hearing before Lord Hodge in 2012.