Suing Uk Financial Institution

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Summary

South African residents can sue foreign entities in South African courts. You need proof of your investment and the terms of the agreement. Legal representation is usually necessary. Consider seeking advice from a financial ombudsman in the UK before proceeding. You can appeal the Ombudsmans decision in the UK courts. Consider getting legal representation specialized in financial disputes. You need solid evidence to prove the institution acted wrongfully. The fairness of contract termination clauses can be challenged in court. Seek advice from a lawyer who specializes in contract law. A UK lawyer may be able to take your case but must be familiar with both UK and South African laws. Check with ProBono.Org, LawWorks, and the Free Representation Unit in the UK for free legal assistance.

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I had invested on a stock in the uk. The institution closed the account.
I understand your situation. Here's some general information:
- South African residents can sue foreign entities in South African courts.
- You will need proof of your investment and the terms of the agreement.
- Legal representation is usually necessary.
- Consider seeking advice from a financial ombudsman in the UK before proceeding.
I have presented the case to the ombudsman in the uk. Unfortunatelly, the ombudsman rouled out the case in favour of the financial firm. Since the share price of the stock has risen, I find the dismissal not correct.
I understand your frustration. Here are some points to consider:
- You can appeal the Ombudsman's decision in the UK courts.
- Consider getting legal representation specialized in financial disputes.
- You need solid evidence to prove the institution acted wrongfully.
Remember, this is general advice and actual legal procedures may vary.
there is a clouse in their conctract that says " at any time one of the party can terminate the agreement".
I understand that the contract termination clause might be concerning. However, it's important to note:
- The fairness of such clauses can be challenged in court.
- If they terminated the agreement unfairly or without good reason, you may have a case.
- Seek advice from a lawyer who specializes in contract law.
well, from here I do not know where to go to. Is there a lawyer I can contact ?
I am not able to provide specific contact details for lawyers. However, you can find a list of lawyers specializing in contract law on the Law Society of South Africa's website. I recommend seeking a lawyer who has experience with international cases.
why is a lawyer in the uk not able to pick up the case?
A UK lawyer may be able to take your case. However, the lawyer would need to be familiar with the laws and regulations of both the UK and South Africa. Additionally, they must be willing to represent a foreign client. Legal jurisdictions and the complexity of international law could be potential hurdles.
the firm is a uk firm. So uk law apply.
Indeed, UK law would apply in this case. However, understanding the interplay between UK and South African law might be advantageous for your case. You can seek a UK lawyer who is well-versed in financial disputes and is comfortable representing international clients.
any website you can suggest ? any law firm which is willing to take up cases free of charge?
You can check with ProBono.org, LawWorks, and the Free Representation Unit in the UK. They provide free legal assistance. However, availability can depend on the specifics of your case. It's always good to contact them for more information.