Important Court of Appeal test case decision – LIBOR-rigging and GRG-type claims
5th March 2018
On Friday, 2 March 2018, the Court of Appeal gave judgment in Property Alliance Group Limited v The Royal Bank of Scotland plc [2018] EWCA Civ 355. View judgement here.
Click here to read Justina Stewart's case report, where she highlights the following key points arising from the appeal:
- Relevance of Bankers Trust decision
- Concept of “mezzanine duty” is best avoided
- Test for implied representation, LIBOR claims
- GRG-type claims – power to commission valuations not unfettered