Tuesday 28 January 2020

Court rejects EBS termination appeal

Last February, the High Court granted an injunction preventing EBS terminating the agreement (stock photo)
Last February, the High Court granted an injunction preventing EBS terminating the agreement (stock photo)

Tim Healy

The Court of Appeal (CoA) has rejected an appeal by the Educational Building Society (EBS) against an injunction preventing it terminating an agency agreement for three of its branches.

Betty Martin Financial Services claims its agency agreement was terminated over its refusal to engage in the mis-selling of financial products to customers. EBS denies the claims and had opposed the injunction application. Last February, the High Court granted an injunction preventing EBS terminating the agreement.

The judge said while the EBS denial of the mis-selling claims was "robust", he was driven to the conclusion the allegations were a serious issue that would feature in the full hearing of the dispute.

EBS appealed the injunction decision and last month the CoA dismissed the appeal.

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