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Julian Roberts (instructed by DFG Solicitors) for the Appellant Hearing date : 1st November 2016 ____________________
The fourth was a Swap agreement which was entered into after the close-out of each of the three Collar agreements.
There has, of course in this case been an acceptance of NatWest's offer in respect of losses other than Consequential Losses but there has been no offer in respect of those losses. However, on 25 November 2015, when NatWest gave a final
determination of the Consequential Loss claim in respect of the Collars, it said in a letter to WW's solicitors:
He then cited the following passage from the judgment of Leggatt LJ in City Index :
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