UPDATE 1-UK judge allows judicial review of mis-sold swaps compensation scheme

April 24, 2015 3:38 PM

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LONDON, April 24 (Reuters) - Britain's High Court on Friday granted permission for a judicial review of a scheme set up by Britain's financial regulator to compensate small firms mis-sold interest rate hedging products.

Judge Kenneth Parker granted an application by law fim Mishcon de Reya on behalf of its client Holmcroft Properties, a nursing home operator, in a case relating to the alleged mis-selling of interest rate swaps to the company by Barclays .

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