The Court of Appeal (The Master of the Rolls, Longmore and Newey LJJ) has handed down judgment in the appeal from the decision of Asplin J in Property Alliance Group Ltd v The Royal Bank of Scotland Plc. This much-anticipated appeal was heard over 7 days in January and February 2018.
PAG sought to overturn the decision of Asplin J (dismissing all of PAG’s claims) on wide-ranging grounds, relating to each of its three claims, namely: (1) the alleged mis-selling of interest rate swaps by RBS; (2) claims said to arise from RBS’s involvement in LIBOR misconduct; and (3) claims arising out of PAG’s dealings with RBS’s GRG division.
The Court of Appeal has unanimously dismissed PAG’s appeal in respect of each of those claims.
A copy of the judgment may be found here.