Genuine Question this. I work within the legal field but not within this area of law.... (Personal Injury is my field).
Here is the Question.....
If a Bank has been found guilty of fixing the LIBOR Rates, possibly by the SFO, is there then the possibility that each LIBOR Rate mortgage (with that bank) could be construed as Unenforceable - as it was "Tainted By Fraud?"
Opens up a "Can of Worms" but if it were the other way - the banks would be quick to pounce!
Here is the Question.....
If a Bank has been found guilty of fixing the LIBOR Rates, possibly by the SFO, is there then the possibility that each LIBOR Rate mortgage (with that bank) could be construed as Unenforceable - as it was "Tainted By Fraud?"
Opens up a "Can of Worms" but if it were the other way - the banks would be quick to pounce!
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