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Small Businesses Raise Voice Against Clydesdale Bank for Misrepresentation over Fixed-Rate Loans

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LONDON – A group of small businesses has been suing Clydesdale bank as well as its former owner National Australia Bank for alleged misrepresentation over small business loans. The lawsuit filed by small businesses highlighted that banks raised the interest rate on fixed-rate loans by hidden margins. While representing the group, RGL Management allegedly stated that banks have been facing deceit, misrepresentation, and breach of contract by banks.

A total of 140 small businesses comprising 2,000 small companies issued the first claim against the banks. However, the legal claim doesn’t carry any value. On behalf of small businesses, RGL Management has brought complex lawsuits against banks. Augusta Ventures, a litigation funder has been supporting the lawsuit against Clydesdale bank. Many litigation funders have been fighting for bank disputes on the condition of some part of compensation if they manage to win at trial.

Bad credit small business loans have been on the rise as there are plenty of options available to get loans for small businesses. Also, the affordable interest rates make it possible to get a loan on easy terms. Apart from banks, many online sources are offering small business loans even to the entities with bad credit.

Garbhan Shanks of Michelmores LLP, the law firm which represents RGL, has said that it is hopeful to get a substantial amount of compensation for their first multi-party claim against banks. However, CYBG, the owner of Clydesdale and Yorkshire bank said that it will respond to any claim against its banks on a strong term after analyzing it thoroughly.

Jenny is one of the oldest contributors of Bigtime Daily with a unique perspective of the world events. She aims to empower the readers with delivery of apt factual analysis of various news pieces from around the World.

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Do’s and Don’ts in Thailand if you are a tourist

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Tourists always find out as much as they can about a destination before they head out. Thailand is one of the popular destinations that you can pick to travel to and it has a lot to offer to tourists. One of the things that set geographical locations apart is the culture. People have a different way of life and there is a different way of doing things. Also, the rules may differ as set by different governments.

When heading out to Thailand, you should not be too hung on the do’s and don’ts because most discretion especially on a social level can be forgiven. This is because even foreigners have got their ways and customs. However, by knowing the do’s and Don’ts, it is possible to earn respect from the hosts, it is important to respect the royal family as well as the religion, which is Buddhism.

The do’s in Thailand

You need to respect the images of Buddha because they are sacred and any sacrilegious acts can lead to imprisonment even if you are a foreigner.

You should also dress appropriately if you mean to visit a temple. Temples are considered sacred and you have to remove your shoes before entering. The same is true about entering some shops and people’s houses.

Monks ought to be treated respectfully.

It is important to remain calm regardless of the kind of provocation or problem that may present itself.

You should eat with a spoon. A fork can be used to load the spoon with food. You should learn as much as you can about eating etiquette.

It also helps to learn some of the lost basic phrases like saying thank you and hello. It helps you interact with the locals better.

Try to smile as you move along. It helps when you understand the Thai smile as it improves your sociability.

Understand the whole concept of sanuk and try as much as you can to have fun.

Make sure you have a current visa if it is needed. You should find out whether you actually need a visa or not. Also, ensure you arrange for travel insurance and that it is adequate. This has got a lot of importance.

The Don’ts In Thailand

You should never disrespect the royal family. This is a criminal offense and insult to the monarchy.

When there is a monk around do not cross legs regardless of whether you are sitting in a chair or on the floor.

You should avoid touching the women in Thai unless express consent is given. This is regardless of imagery that is portrayed in clubs or bars. Most of the women in Thai happen to be conservative.

Do not show too much affection while in public while it is common for couples to hold hands. Snogging is looked down upon. The western behavior is different from that of Thailand.

Do not touch any person’s head or try ruffling their hair, an apology should be given should this happen.

While there are many things to do and not to do in Thai, you can have some online. There are lots of games you can engage in safely. The Golden Slot casino offers a wide range of games from different game providers to make your experience even better. Also check this website that rates Asian online casinos.

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