Signature represented Desiman Limited, a property company, against Bank of Scotland Plc, HBOS Treasury Services Limited and Lloyds Bank Plc in a claim for around £30m for mis-selling of LIBOR referenced interest rate swaps, LIBOR manipulation and wrongful appointment of administrative receivers. The closely watched claim raised complex and novel issues on the breach of duty aspects, and was one of the most advanced claims against Lloyds on the LIBOR aspects, with potentially significant implications for the banking sector and other customers impacted by such practices.
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Partner Sylvie Gallage-Alwis and Associate Gaëtan de Robillard discuss the first court decision recognising the #Covid19 pandemic as a #forcemajeure event, in the context of a B2B relationship, in @TRLegalEurope bit.ly/3ilEGSC
