Orchard (Developments) Holdings plc and another v National Westminster Bank plc

Practice – Summary judgment. Summary judgment had to be granted to the defendant bank in respect of the claimants' negligence action against it, seeking damages arising out of the mis-selling of various interest rate hedging products in 2002 and 2004. The Mercantile Court held that the claimants had had the requisite knowledge of the material facts about the damage in respect of which damages were claimed before 29 June 2012, such that the claim was statute barred.

Category: