Financial and Banking Litigation

The Khan Partnership has taken a proactive role in pursuing banks for damages for mis-selling customers a range of complex financial products including interest rate swaps. 

Financial and Banking Litigation

The Khan Partnership has taken a proactive role in pursuing banks for damages for mis-selling customers a range of complex financial products including interest rate swaps. 

Banks and other financial institutions sometimes inappropriately sold interest rate swaps and related product ‘collars’ to thousands of small businesses and individuals seeking loans. Customers were convinced to buy swaps to protect themselves or ‘hedge’ against feared interest rate spikes. However, instead of the anticipated rise in interest rates, they fell to unprecedented levels. The large fees charged for exiting the swap were never explained to customers and, in a low rate environment, had devastating consequences.

This was further compounded by the LIBOR scandal. Where payments under a swap contract are linked to LIBOR, and there is evidence that a bank was involved in, or aware of, LIBOR rigging the swap contract should be rescinded and damages awarded to the customer.

Our specialist litigators assist clients with high-value claims to seek redress from the banks. We can help you at every stage from making a formal regulatory complaint to pursuing litigation through the courts. Where necessary we can also assist in making formal referrals to regulators.

As a specialist litigation firm we do not earn fees from structuring complex financial structures, nor do we act for major banks.  We have no conflicts of interest that prevent many of our rivals from robustly acting against banks.