28 Nov HMG Investment Holdings Limited v National Westminster Bank plc [CL 2015-000685]
HMG had entered into several interest rate derivative products as hedges for their loans from National Westminster Bank plc. These products were subsequently restructured into a single product. It was alleged that the bank misrepresented the new product as exposing HMG to a lower level of risk than the products it replaced. NatWest has denied the allegation. HMG was advised by Teacher Stern Solicitors.
Hanif Virji was instructed as the derivatives and risk expert.