Dunbar Bank,lack of duty of care / negligence
Do you agree
that the decision of the Parent Company ( Zurich - The Global
Financial Service Group ) to effectively close Dunbar Bank
calls into question :
Whether
Zurich have :
1.
Acted lawfully to ( i ) Their Staff
( ii ) Their Customers
( iii ) Their Suppliers
if your
answer is yes then you may care to join this petition, which will be
forwarded to the FSA.
Having built
up a good relationship with Dunbar Bank over a number of years
many Clients entered into loans on substantial property Investment &
Development projects. Jointly, they invested many millions of pounds
on complicated projects, which in addition to the obvious funding element,
required reciprocal trust, great skill, patience and understanding in order to
mutually achieve profits running into millions of pounds.
The crash
came and Dunbar's parent company Zurich decided they did not want to
invest anymore and either stopped or significantly delayed funding,
with catastrophic consequences. Massive disruption ,stress, loss of
profit and irrepairable damage to peoples' livelihoods - both internally
within Dunbar and also externally. The negative effects of the downturn in the
Property market have been exacerbated by the length of time taken by
Dunbar to review its situation and needs. Subsequent delays have resulted
in ( i ) Dunbar forcing many Clients companies into
administration, ( ii ) Issuing Statutory demands for personal
guarantess on its clients ( iii ) Late payments to
suppliers and ( iv ) Laying off staff are other significant contributory
factors ( v ) Business disruption and loss of profit to many
Companies.
This
petition is brought, not only to reflect circumstances of
individual cases, but to formally request Zurich are
investigated on the following grounds :
A )
Negligence and lack of duty of care ( To embark on complex projects
and half way through, because of a financial blip, lose ones nerve and not
want to continue is irresponsible )
B )
Lawfulness. Have Zurich acted lawfully to its Clients,
Suppliers and Staff of many years who have been ostracised and edged out ? This
is not the first property downturn, property is cyclical and always has been.
Zurich must have known this when it purchased the bank.
C )
Independent examination is requested as to perceived impropriety, emanating
from Zurich, as to the decision making of the Dunbar Bank Credit Committee.
Please
consider your own circumstances and join this petition if you feel as
a Client, Supplier or ex member of staff you have
been wrongfully treated by Zurich. The Senior
Management should be investigated and held accountable for
their decisions and actions.
Comment