News Tag: legal challenge
February 23, 2010
Skipton Building Society's decision to raise its standard variable rate (SVR) has resulted in an unexpected challenge from law firm, Leon Kaye.
In January, Skipton announced its intention to increase its SVR from 3.5% to 4.95% from 1st March 2010, despite the base rate remaining to an all-time low of 0.5%.
The lender evoked “exceptional circumstances” clauses that allowed it to remove ...
Skipton faces legal challenge to SVR hike
by Gill Montia
November 30, 2008
A group of businessman have launched a legal challenge against the proposed Lloyds TSB / HBOS merger, claiming the Government’s approval was illegal.
The Merger Action Group (MAG), which is led by Malcolm Fraser, claimed that business secretary, Lord Mandelson, waived competition rules and that his decision was ‘unlawful‘.
Mr Fraser, an Edinburgh architect who was in charge of the ...
Legal challenge launched against Lloyds TSB / HBOS merger
by Kay Murchie
