PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Working Word

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

New Joint Venture Urges Businesses to be Proactive on Interest Rate Hedges - With figures suggesting thousands of SMEs could have been mis-sold an interest rate swap as part of their business loan, a new joint venture is urging Welsh businesses to be proactive and review their finance agreements - Capitallaw.co.uk
New Joint Venture Urges Businesses to be Proactive on Interest Rate Hedges

 

NewswireToday - /newswire/ - Cardiff, United Kingdom, 2012/04/12 - With figures suggesting thousands of SMEs could have been mis-sold an interest rate swap as part of their business loan, a new joint venture is urging Welsh businesses to be proactive and review their finance agreements - Capitallaw.co.uk.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Marketing/Newswire/PR Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

With figures suggesting thousands of SMEs could have been mis-sold an interest rate swap as part of their business loan, a new joint venture is urging Welsh businesses to be proactive and review their finance agreements.

The IFR Group in association with Cardiff and London law firm Capital Law, is offering an advisory service to companies who feel they may have been mis-sold an interest rate swap or “hedge” before the financial crisis without the risks involved being properly explained by the lender.

Marketed to protect against rising interest rates, some companies are now arguing that they were not made aware of the implications of the rate going down. With the interest rates slashed by the Bank of England since 2008, companies with a profitable underlying business may now be crippled by massive fees or faced with buying their way out of these ‘hedges’ at a considerable cancellation cost.

Steve Bloor, managing director of the Cardiff-based IFR Group- experts in financial disputes who have recovered over £10m for their clients since 2007- said: “This is a ticking time-bomb for Welsh businesses, many of whom could now find they are out of their comfort zone and lumbered with a costly financial product which was never properly assessed by the bank to be suitable for their business. Often such products were imposed as a condition of further funding so the customer was deprived of making an informed choice.

“We have come across a number of businesses that feel trapped, not only by the onerous terms of the agreement which continue to damage their business, but also ironically by a concern not to lose the continued support of their bank through a difficult time.

“This dilemma is not something which businesses should have to face alone. Working with Capital Law, we have the expertise to help them, but it is important they take action quickly to avoid any complaint being time barred.

"The issue is complex enough so we are operating a simple two-stage process: first, we carry out an initial no nonsense assessment of the viability of a claim. Capital Law then works with the business with the goal of exiting the hedge and recovering their losses - whether through negotiation or litigation.”

Andrew Brown, Partner at Capital Law said: “Many businesses turn to us when they need a problem to be solved. That is often when a dispute has arisen, but we also provide strategic advice on strengthening all aspects of their funding and trading agreements so that disputes can often be avoided. Advising on these hedge products is a logical extension of this.

“We work with our clients to achieve the most favourable outcome for them. Often that means a negotiated settlement and a continuation of the banking relationship - if that is what the client wants. But if court proceedings are required, we are best placed to run them.

“We always look at alternative methods of funding litigation, so as to ensure that any businesses suffering from these hedge products have a cost effective route to recovery. Our experience of working with a number of the leading third party litigation funders - who will fund the claim in return for a modest share of the winnings - also gives our clients even more options than ever before.”

For more information contact Daniel Tyte on daniel.tyte[.]workingword.co.uk or 07742 251232/07584 325939 respectively.

About IFR Group (The Independent Financial Resolutions Group Limited)
The IFR Group (theifrgroup.co.uk) was established in 2007, specialising in claims related to financial products and services.

Steve Bloor, Managing Director, has over 20 years experience within the financial services industry in legal and regulatory compliance roles, most recently with Barclays Bank. The company employs professionals from across the financial services industry who have expert knowledge of how financial products work together with the many laws and regulations that govern their structure, how they are marketed and how they are administered.

Capital Law LLP (capitallaw.co.uk) is a commercial law firm operating across seven main disciplines – employment, corporate and commercial, intellectual property, recovery and insolvency, property, commercial litigation and banking and finance. In addition to these core legal services, the firm offers workplace issue resolution via its accredited mediator and a wide range of innovative training programmes.

In September 2008, Capital Law expanded its business by buying a consultancy and training business, now called Consult Capital Ltd (consultcapital.co.uk), through which they offer consultants specialising in human resources, occupational health, health & safety, environment, wellbeing at work, first aid, fire safety, business process improvement, organisational development and management/ leadership training.

Follow Capital Law on Twitter @capitallawllp and Consult Capital @ConsultCapital

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Marketing/Newswire/PR Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Working Word

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 

 
  Your Banner Ad showing on ALL
Marketing/Newswire/PR articles,
CATCH Visitors via Your Competitors Announcements!


New Joint Venture Urges Businesses to be Proactive on Interest Rate Hedges

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Victoria Leyton - WorkingWordPR.com 
+44(0)29 2064 6840 Victoria.leyton[.]workingwordpr.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Working Word securities in any jurisdiction including any other companies listed or named in this release.

Marketing/Newswire/PR via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Working Word / Company Profile


Read Marketing/Newswire/PR Most Recent Related Newswires:

Dentsu Announces Agreement to Acquire Happy Creative in India
Dentsu Announces Acquisition by Dentsu Aegis Network of Leading Web Analytics Company Wasabi in France
Dentsu Announces Acquisition by Dentsu Aegis Network of Leading PR Agency Perfect Relations in India
Dentsu Announces Investment by Dentsu Aegis Network in Avid Media, A U.K. Leader in Content Marketing And Native Distribution
Dentsu Announces Acquisition by Dentsu Aegis Network of Leading Digital Experience Agency WiTH Collective in Australia
Dentsu Announces Acquisition by Dentsu Aegis Network of Cosin Consulting in Brazil
Dentsu Announces Acquisition by Dentsu Aegis Network of Audience Data Management Company Accordant Media in the U.S
Dentsu Announces Acquisition by Dentsu Aegis Network of Lifestyle Marketing Agency Markenloft in Germany
Dentsu Announces Acquisition of Majority Stake by Dentsu Aegis Network in Leading Independent Data Marketing Agency Merkle in the USA
Dentsu Announces Acquisition by Dentsu Aegis Network of B-to-B Marketing Agency Gyro in the U.S
Dentsu Announces Acquisition by Dentsu Aegis Network of Digital Marketing Agency WIS in Taiwan
Pure360 Launches Realignment and Product Upgrade to Market
Dentsu Wins Thirty-One Lions at the Cannes Lions International Festival of Creativity 2016
Dentsu Announces Agreement to Acquire Leading Digital Agency Magnetix in Denmark
Dentsu Announces Acquisition by Dentsu Aegis Network of Performance Marketing Agency Search Factory in Australia

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  NAKIVO, Inc.

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)