| 12°C Dublin

Interest swap claims

DUBLIN law firm McHale Muldoon expects a wave of litigation to spread across Ireland over interest rate swap mis-selling.

The company, which specialises in financial mis-selling actions, has now started to accept instructions from Irish businesses that have been mis-sold interest rate hedging products, such as swaps, caps and collars by banks. The move follows an probe by the Financial Services Authority in the UK, which concluded that swaps were mis-sold, and has ordered the banks to pay compensation.