Although Vedanta Hedging has been party to many settlements involving mis-sold derivatives, the overwhelming majority of these have strict confidentiality clauses attached to them.
On this rare occasion, one of our clients achieved a settlement with their Bank, but did so via a legal Part 36 offer, meaning that the details cannot be made confidential.
Lex Law Solicitors, a QC Barrister and Vedanta Hedging worked in a team to assist the Khashgi family achieve more than £1.2m of redress after they were mis-sold a complex swap.
Crucially, this family were excluded from the FCA IRHP Review, and had to resort to a legal challenge, even though they should be exactly the type of SME the FCA Review is designed to assist.
The Times writes about this below: