The Court of Appeal's ruling marks a pivotal shift in energy mis-selling, potentially allowing many businesses to recover undisclosed broker fees. With a stronger emphasis on transparency, brokers are now obliged to provide clear disclosures to clients. Victoria Myers from Energy Solicitors Limited emphasized the importance of this decision in challenging unfair practices and supporting businesses mis-sold contracts. The ruling clarifies the concept of informed consent, ensuring businesses are properly informed about commission charges. This development serves as a critical protection in an unregulated broker market, helping to lower energy costs for businesses.
A landmark decision in the fight against energy mis-selling has been handed down by the Court of Appeal, setting a crucial legal precedent that could open the floodgates for thousands of businesses to claw back hidden broker fees.
With the unregulated energy broker market continuing to grow at pace, this ruling provides a vital safeguard for businesses seeking fair and honest energy deals.
This ruling really paves the way for businesses who believe they have been mis-sold to, clarifying what can be a confusing market and making the process of recovering funds easier for businesses.
The judgment made it clear that businesses must be fully informed.
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