Tag: Negligent Financial Adviser

UK Supreme Court finds Daiwa Capital Markets in breach of its Duty and upholds $153 million Negligence Claim

The UK Supreme Court, in the much anticipated judgment in Singularis Holdings Ltd (the “Respondent”) v Daiwa Capital Markets Europe Ltd (the “Appellant”) [2019] UKSC 50, have unanimously…

china chinese insolvency chase debt unpaid invoice lexlaw litigation solicitors barristers in london limitation

Court of Appeal hands down judgment in Property Alliance Group (PAG) v RBS (2 March 2018)

The Property Alliance Group (PAG) appeal against RBS concerning interest rate swaps mis-selling, LIBOR manipulation, and GRG treatment was dismissed by the Court of Appeal in 2018. While PAG lost on the facts, the Court clarified key legal points: banks must exercise valuation rights for legitimate commercial purposes, not maliciously, and duties owed vary by case context. The judgment impacts many pending mis-selling claims, offering guidance on banks’ responsibilities and contractual rights. PAG’s LIBOR manipulation claim failed due to lack of evidence on sterling LIBOR but remains significant for other currencies.