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UK Councils Sue Barclays Over Costly Loans Linked To Libor


Law 360, 01/02/2019

The councils have not claimed a specific amount of damages but are instead seeking permission from the court to quiet the existing loans without being hit with punitive break costs and for restitution of the amounts they have paid toward the loans, in addition to interest and other costs. Barclays declined to comment. The claimants are represented by Tim Lord QC and Kyle Lawson of Brick Court Chambers, instructed by Hausfeld & Co LLP .