NatWest Escapes Bid To Revive £8M Libor Rigging Case
Law360, London (May 25, 2021, 2:01 PM BST) -- A trust for the owners of a luxury travel business failed on Tuesday to resuscitate its £8 million ($11.3 million) lawsuit against NatWest over alleged losses from interest-rate hedging products tied to Libor when a judge ruled that the case had been brought too late.
High Court Judge William Trower dismissed an appeal by Boyse (International) Ltd., a trust holding property investments for the owners of Best At Travel. He ruled that a lawsuit seeking compensation from the lender, connected to two commercial real estate properties, fell outside a six-year statute of limitations.
Boyse had tried to argue that the late filing of...
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