Clyde & Co. and Deloitte appeal to relaunch swap advice suit

By Joanne Faulkner (May 17, 2022, 11:18 p.m. BST) – A storage company on Tuesday urged a London appeals court to revive allegations that two associates of Deloitte and Clyde & Co. LLP failed to act to independently during an administrative process, asking the court to reconsider a settlement with Barclays in a dispute over mis-sold swaps.

Stephen Davies QC, solicitor for Rhino Enterprises Properties Ltd., told the Court of Appeal a High Court judge erred in ruling that a 2015 settlement between Jason Schofield, who ran Rhino, and Barclays had resolved a subsequent dispute.

The High Court had said Barclays’ agreement settled all claims against the lender, and in addition any claim…

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