The Foskett independent Re-Review Panel (“Panel”) was established in 2020 to reassess the direct and consequential (‘D & C’) losses suffered by victims of the fraud committed at the ‘HBOS Impaired Assets unit based at Reading and Bishopsgate (‘IAR’)’.
The Panel was established following the conclusions of Sir Ross Cranston’s report published in December 2019. The Cranston Review concluded that the way Lloyds Bank had dealt with D & C claims in its original Customer Review was unsatisfactory and did not achieve the purpose of delivering fair and reasonable offers of compensation. He recommended that the process of assessing direct and consequential losses should be carried out again, but this time in a fair and proper manner.
Over the past 15 years Dean Dunham has represented numerous victims of the Fraud. Debello Law has also now represented the victim whose case was the first to be concluded by the Panel, achieving a multi-million pound compensation award for our client.