PAG contended that RBS mis-sold swap contracts to PAG in the period 2004-2008. The allegations included misrepresentations relating to LIBOR. PAG also contends that in breach of contract RBS transferred PAG into RBS’s turnaround division (called the Global Restructuring Group (‘GRG’)). Certain misconduct relating to manipulation of LIBOR has been admitted by RBS but otherwise PAG’s claim is denied. PAG terminated the swaps in 2011 by paying andpound;8 million to RBS.
[2015] EWHC 3272 (Ch)
Bailii
England and Wales
Cited by:
See Also – Property Alliance Group Ltd v The Royal Bank of Scotland Plc ChD 20-Nov-2015
Second judgment dealing with issues of privilege. . .
Lists of cited by and citing cases may be incomplete.
Torts – Other, Banking
Updated: 06 January 2022; Ref: scu.554801
