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Court of Appeal dismisses appeal in Property Alliance Group v. RBS

United Kingdom - March 2 2018 The Court of Appeal has dismissed the appeal brought by Property Alliance Group Limited (PAG) concerning allegations against The Royal Bank of…

Daren Allen, Richard Caird

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…

Steven Mills, Clare Stothard, Kerry Talbot

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…

Felicity Ewing, Steven Mills, Craig Neilson, Clare Stothard, Kerry Talbot

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…

Felicity Ewing, Steven Mills, Craig Neilson, Clare Stothard, Kerry Talbot

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…

Felicity Ewing, Steven Mills, Craig Neilson, Clare Stothard, Kerry Talbot