The Silveroaks v Westpac test case on mis-selling of interest rate swaps in 2008 is going under cover after a judge last week granted Wespac’s request to “prevent public access to the court file, attendance at hearings and any reporting of interlocutory decisions.” (DomPost story not yet on-line). A senior legal source said that the blackout was unusual but part of “a trend where parties sought to move away from open justice.”
One can imagine why Westpac doesn’t want any public discussion of the case – banks in England have already paid out L600million and are said to be possibly liable for billions.
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