Are you facing swap/derivative losses? Then it's time to act now! Especially with interest rate derivatives before April 1, 2011 You can no longer wait, but you must take action now before it is too late.

A standard arrangement has been made for the handling of swap/derivatives losses, contained in the so-called Recovery Framework.

In many cases, the Recovery Framework will be more attractive than the difficult route through the courts. But beware: to be eligible for the Recovery Framework scheme, you must for June 30th have been registered!

Our advice: definitely register. After registering, you can simply wait for the proposed settlement based on the Recovery Framework and assess it. If that proposal is unacceptable to you, you can always choose to claim your damages through the court (or the Disputes Committee). So, by registering, you won't forfeit your right to go to court.

We therefore advise you to register as soon as possible.

We are happy to do that for you.

We are also happy to assist you with the further process of your notification under the Recovery Framework. The Recovery Framework is a complex regulation and leaves considerable room for interpretation.

The assessment of this settlement and any settlement proposal offered is a delicate matter.

We are in direct contact with one of the banks involved regarding the settlement of the swap/derivatives claim and can therefore closely monitor developments.

If you would like to make use of our expertise in the settlement of your swap/derivatives claim, or would like further information, please contact Wilfred Groustra (w.groustra@wintertaling.nl).