Ok so I have just received a letter from Cobbetts, with regard to my claim against Natwest and the current test test case.......
Basically it says that due to the test case they are applying for a stay and that the Bank will keep me updated appropiately about the procedings with the OFT. They assure me that the Bank has registered and stored my claim and that I am to retain my bank records as this will make it easier to support my claim on resolutlion of the test case.
Once the legal procedings between the OFT and the banks are restored, the Bank will resolve my claim as quickly as possible applying the test case principles. etc etc and they enclose a copy of the letter that they recently filed at court. Its a 3 page letter and basically is asking for a stay on the case and asking the court to respond to the request, and it lists what they included as enclosures...
1. OFT Litigation Agreement dated 25 July 2007
2. Agreement between the OFT, the FSA and The Royal Bank of Scotland Group plc date 26 July 2007
3. Test Case Claim Form filed 27 July 2007
4. FSA Direction dated 27 July 2007
5. FOS letter dated 27 July 2007.
Now all this is well and good, and I appreciate them taking time to let me know what is going on, but this claim was settled a few weeks ago, so I fail to see why they are telling me, UNLESS the outcome of the test case could result in them asking for the money back.
Thoughts anyone?
If any of the team want a copy of the letters, then please let me know and I can scan them and email them to you.
Basically it says that due to the test case they are applying for a stay and that the Bank will keep me updated appropiately about the procedings with the OFT. They assure me that the Bank has registered and stored my claim and that I am to retain my bank records as this will make it easier to support my claim on resolutlion of the test case.
Once the legal procedings between the OFT and the banks are restored, the Bank will resolve my claim as quickly as possible applying the test case principles. etc etc and they enclose a copy of the letter that they recently filed at court. Its a 3 page letter and basically is asking for a stay on the case and asking the court to respond to the request, and it lists what they included as enclosures...
1. OFT Litigation Agreement dated 25 July 2007
2. Agreement between the OFT, the FSA and The Royal Bank of Scotland Group plc date 26 July 2007
3. Test Case Claim Form filed 27 July 2007
4. FSA Direction dated 27 July 2007
5. FOS letter dated 27 July 2007.
Now all this is well and good, and I appreciate them taking time to let me know what is going on, but this claim was settled a few weeks ago, so I fail to see why they are telling me, UNLESS the outcome of the test case could result in them asking for the money back.
Thoughts anyone?
If any of the team want a copy of the letters, then please let me know and I can scan them and email them to you.
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