Swap Mis-selling Cases

Problem 

  • In the years leading up to the Great Financial Crisis, many UK businesses were sold interest rate swaps or other derivative instruments which ill suited their need to hedge their interest rate or financial exchange risks

  • Fideres was retained by counsels to advise numerous corporate claimants on the suitability of swap transactions, alternative hedging strategies, market practice aspects and damages calculations

 

Solution

  • Fideres relied on its partners’ direct market experience and expertise in the structuring and pricing of OTC derivatives, to model and price swap transactions and alternative hedging strategies

  • We reviewed transaction documentation and marketing material with respect to the relevant circumstances

 

Result

  • We identified alternative suitable hedging strategies

  • We provided estimates of damages suffered by claimants under different scenarios and at different points in time, for the purpose of the pleadings

  • Fideres also identified failures by defendants in complying with good market practice standards and regulatory principles