We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Property Developer Seeks To Keep RBS On Hook In Swap Suit

Law360, London (November 26, 2018, 8:03 PM GMT) -- A health care property developer has said Royal Bank of Scotland PLC cannot dodge the firm’s High Court swaps misselling suit, rejecting the bank’s claim that the company is barred from alleging it bought the swap based on representations made by the bank.

In response to the bank’s defense, Prospect Medical Ltd. said RBS has wrongly tried to rely on clauses in its terms of business, which state that the firm should have got its own independent advice about the product, in an attempt to dodge the claim because the company is barred, or estopped, from pursing the suit.

“The defendant’s...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!



Kirkland & Ellis LLP has redefined what it means to be the biggest of BigLaw — weighing in at 2,116 attorneys by year end 2018 and becoming the first firm since Law360 began tracking law firm head counts to top 2,000 U.S.-based attorneys.



Law Firms


Government Agencies