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Clydesdale Hits Back At Loan Suit, Demands £400K Payment

Law360, London (August 10, 2018, 3:18 PM BST) -- A property investment firm that accused Clydesdale Bank PLC of making false statements and forcing it to take out costly loans has been countersued by the bank for more than £400,000 ($510,000) as the lender attempts to recover outstanding payments tied to deals at the heart of the dispute.

Clydesdale Bank has denied allegations by Milton Ashbury Ltd., which has fewer than 10 employees, that it unduly pressed the firm to enter into fixed rate loans in 2008 and 2011. The bank said in defense documents...
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