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I'm sorry I haven't a CLU - swaps claim relating to bank's failure to disclose internal credit provision is dismissed - London Executive Aviation v. The Royal Bank of Scotland plc [2018] EWHC 74 (Ch)

United Kingdom - January 22 2018 In a robust judgment, Mrs Justice Rose (the Judge) has dismissed claims for negligence and misrepresentation in relation to two interest rate hedging…

Clare Stothard, Steven Mills, Thomas Leyland.

Privy Council decision on pre-contract representations in a commercial borrower-lender relationship

United Kingdom - January 16 2018 In November 2017, the Board of the Judicial Committee of the Privy Council (the Board) gave judgment on an appeal against, inter alia, liability under…

Clare Stothard, Craig Neilson, Felicity Ewing, Steven Mills, Thomas Leyland.

Situs of the debt owed under letters of credit

United Kingdom - January 16 2018 In February 2013, Taurus Petroleum Limited (Taurus) obtained a final award in arbitration proceedings against State Oil Marketing Company of Iraq…

Clare Stothard, Craig Neilson, Felicity Ewing, Steven Mills, Thomas Leyland.

Quantum of damages where loan advanced on the basis of a negligent valuation

United Kingdom - January 16 2018 In what Lord Sumption described as a "perfectly straightforward" result, the Supreme Court has considered the approach to determining the quantum of…

Clare Stothard, Craig Neilson, Felicity Ewing, Steven Mills, Thomas Leyland.

Application for summary judgment granted after nine-day hearing

United Kingdom - January 16 2018 At first glance, it may seem something of a contradiction to hold a summary judgment hearing over nine days. In this case the court held that it would…

Clare Stothard, Craig Neilson, Felicity Ewing, Steven Mills, Thomas Leyland.