28 Nov Marme Inversiones 2007 S.L. v. The Royal Bank of Scotland Plc and ors. [CL-2014-000348]
In 2008 Marme bought Santander’s global headquarters for €1.5 billion with RBS leading a group of banks to finance the acquisition as well as transact an interest rate hedge. It was alleged that RBS knew it was rigging the EURIBOR and as such the damages of up to €1 billion should be paid for fraudulent or negligent misrepresentation or deceit. The group of banks has denied the allegations. Judgement is reserved until early 2019. Marme was advised by Kobre & Kim.
Hanif Virji was instructed as the finance expert.