'The Banks' have asked when the OFT will make a ruling on the fairness or unfairness of the charges. Justice Smith believes the next stage will be for the OFT to seek an injunction against charges being applied. They will hold a Case Management conference this afternoon at 2pm.
Currently the OFT and Banks are going through specific historical clauses and deciding if they may be deemed as penalties. This is expected to be complete by lunchtime.
Currently the OFT and Banks are going through specific historical clauses and deciding if they may be deemed as penalties. This is expected to be complete by lunchtime.
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