UK Government Seeks Compensation from Iran

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UK Government Seeks Compensation from Iran [5th Dec 2011]

The UK government is to seek compensation of more than £1 million from Iran for the damage caused to the British Embassy in Tehran. Basij, a paramilitary gang descended on the embassy last week in an apparently sanctioned move by the government. This led to valuable paintings, rugs, furniture and cars being damaged or destroyed by the mob or by subsequent fires. In response, those officials who worked at the Iranian embassy have been asked to leave the UK and the embassy will be closed. A number of paintings worth up to £20,000 each and painted by important painters have been destroyed or stolen. It is thought that the order for the raid came from the Supreme leader Ayatollah Ali Khamenei. The staff at the embassy were evacuated.

The Financial services Authority (FSA) has fined HSBC £10.5 million after it was discovered that a subsidiary of the bank had been selling investment bonds to elderly people in care homes. Those who bought the bonds had been advised that their investment could be used to fund their care. It was found that 87% of the sales of products by NHFA a subsidiary of the bank were made to unsuitable people. HSBC have said they will also pay more than £29 million in compensation. The investment bonds were sold by advisers working for NHFA between 2005 and 2010. The average age of the investor was 83 and either in care or entering the care system. Each invested an average of £115,000 and they were recommended to invest for five years. This is despite many of those investing having a life expectancy of less than five years and therefore needing to remove funds earlier. This meant capital was used up more quickly. The chief executive of HSBC has pointed out that NHFA failed to give suitable financial advice and that they are sorry this happened. The banks says that they took action as soon as they realised something was not right.

New legislation which will allow those affected by pleural plaques in Northern Ireland to make claims for compensation will become effective from December 14. The finance minister Sammy Wilson has commented that £2.5 million has already been put aside to cover the cost of possible claims. This legislation reverses the finding from the House of Lords in 2007 which ruled that those affected could not claim compensation. It has previously been accepted in Scotland that claims could be made following a battle in the Supreme Court. Mr Wilson has said that he has fought to allow this legislation to be passed despite the battles which happened in Scotland. Pleural plaques are caused by asbestos poisoning and although they are not a disease as such, they can cause an increased risk of developing mesothelioma - the lung condition associated with asbestos exposure.

Peter Andre the former wife of Katie Price is to receive compensation from her and a public apology after she defamed him in an interview two years ago. Andre took his ex-wife to court after she made claims that he had cheated on her and did not care for her disabled son, Harvey. The public apology was made via a statement read out at the High Court last week. The compensation amount has not been disclosed. Neither party were actually in court on the day however Andre did make it clear through his solicitor that the compensation amount would be paid into a trust fund for Harvey. Andre's legal fees will be paid by Price.

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