£1bn swaps claims going ahead despite settlements

The first wave of funded claims against banks by business owners who bought interest-rate hedging contracts are close to being ready, the Gazette can reveal.

Norton Accord, the company that has secured the backing of funds to bring up to £1bn of claims, confirmed today that its panel solicitors will issue the first proceedings in the next six-to-eight weeks, with each case expected to last 12-18 months.

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News | Law Gazette

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