We are delighted to announce the settlement of the Crestsign case.
Warwick Risk Management was part of the team representing Crestsign at the company’s Post Redress Meeting with RBS. We are very happy to have been part of that successful team.
The precise terms of the settlement are subject to a confidentiality agreement but were described as “satisfactory” by Ian Parker, Director of Crestsign.
Our heartfelt congratulations go out to Ian and Gillian Parker, Directors of Crestsign and to their family for the dignified and courageous manner in which they have pursued their fight for justice.
Agreed Statement of Positions Crcstsign “Crestsign Limited and The Royal Bank of Scotland PLC/National Westminster Bank PLC have agreed to settle the litigation between them concerning the sale of an Interest Rate Swap in 2008 on confidential terms. Crestsign has agreed to withdraw its current appeal and pursue no other claims in respect of the Swap. lao Parker the owner ofCreslsign stated “I am pleased to say that today, 19th February, there has finally been a satisfactory resolution of the dispute. I would like to thank all the many organisations and individuals who have supported my wife, myself and our business throughout this time and in particular our family whose encouragement has been a source or much strength.
Crestsign will not be making any further statement”.