Judgment day for LIBOR claims?

Judgment was handed down in Property Alliance Group Limited v Royal Bank of Scotland plc on 21 December 2016. The decision was the first in the UK to consider whether rescission and/or damages are available in respect of LIBOR manipulation. The claim was dismissed on all grounds. Paul Downes QC and Emily Saunderson consider whether this is the death knell for LIBOR claims.

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Filed Under: JIBFL

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