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Re: Appeal Judgment - 26th February 2009 - OFT v Abbey National Plc & Otrs
Top man
The banks have argued all along that their charges are fair, reasonable and perfectly legal. If their appeal is successful it will be a mortal blow to the efforts of the OFT and bank charges campaigners.
To argue their case, the banks have employed one of the UK's leading civil barristers, Jonathan Sumption QC.
"If anyone can do it for the banks, he can, but he's got an uphill task," said another barrister who specialises in banking, Ray Cox QC.
"But you can never be sure; the Law Lords will certainly not rubber-stamp the decisions of the other courts," he added.
If the OFT wins, it will be the end of the first part of what is in fact a two-part test case, settling only the issue of the OFT's jurisdiction.
Top man
The banks have argued all along that their charges are fair, reasonable and perfectly legal. If their appeal is successful it will be a mortal blow to the efforts of the OFT and bank charges campaigners.
To argue their case, the banks have employed one of the UK's leading civil barristers, Jonathan Sumption QC.
"If anyone can do it for the banks, he can, but he's got an uphill task," said another barrister who specialises in banking, Ray Cox QC.
"But you can never be sure; the Law Lords will certainly not rubber-stamp the decisions of the other courts," he added.
If the OFT wins, it will be the end of the first part of what is in fact a two-part test case, settling only the issue of the OFT's jurisdiction.
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