One of Vedanta Hedging’s clients, Suremime Ltd, was granted permission by a High Court Judge to legally argue the Bank did not conduct the FCA IRHP Review into mis-sold derivatives fairly.
Reuters also interviewed Vedanta Hedging about this here UK court paves way for small firms to appeal ‘hedging’ compensation – Vedanta Hedging
Abhishek Sachdev’s view is that this is a welcome key development. Anything which provides more transparency and allows the arguments to be heard impartially in a Court of Law is helpful to rebuilding trust in our banking system.
The full judgement can be read here Judgement