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


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