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The next stage of the High Court battle between the OFt and the Banks is now underway. The case management conference held on 21st/22nd May saw the Banks request to appeal against parts of the judgement handed down on 24th April in relation to the UTCCR 1999 (Unfair Terms) granted by Justice Andrew Smith.
A further request by four of the Banks; HBOS, Barclays, Abbey and Clydesdale, to be allowed to appeal aspects of the Judgement relating to Plain Intelligible Language (PIL), was refused by the Judge.
A date for the appeals have not been set yet -the appeals will be heard in the Court of Appeal and will then go to the House of Lords if need be.
The OFT have decided not to appeal any aspects of the Judgement at this time and will be pressuring the Banks to supply the information it requires in order to complete the PCA (Personal Current Accounts) study report which has been underway since March 2007.
They have indicated they hope to complete this second week in July. The Banks have been given a deadline of 5th June to respond to the OFT regarding the OFTs submissions for the report.
The next dates for your diary are the 7th, 8th, 9th July 2008, when the Judge with hand down his judgement relating to UTCCR and Penal aspects of Historic Terms and Conditions.
Justice Andrew Smith appeared keen to have some progression on the waiver set in place by the FSA on claims.
Read updates as they come in in the OFT Test Case forum . So keep an eye there and in the notice box at the top of the forum for the latest information.
A further request by four of the Banks; HBOS, Barclays, Abbey and Clydesdale, to be allowed to appeal aspects of the Judgement relating to Plain Intelligible Language (PIL), was refused by the Judge.
A date for the appeals have not been set yet -the appeals will be heard in the Court of Appeal and will then go to the House of Lords if need be.
The OFT have decided not to appeal any aspects of the Judgement at this time and will be pressuring the Banks to supply the information it requires in order to complete the PCA (Personal Current Accounts) study report which has been underway since March 2007.
They have indicated they hope to complete this second week in July. The Banks have been given a deadline of 5th June to respond to the OFT regarding the OFTs submissions for the report.
The next dates for your diary are the 7th, 8th, 9th July 2008, when the Judge with hand down his judgement relating to UTCCR and Penal aspects of Historic Terms and Conditions.
Justice Andrew Smith appeared keen to have some progression on the waiver set in place by the FSA on claims.
Read updates as they come in in the OFT Test Case forum . So keep an eye there and in the notice box at the top of the forum for the latest information.
