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Hockin v RBS : Claimant Opening Submissions explained

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Posted in:Banking and Finance, Litigation|May 16, 2017 | Join the mailing list

Following the settlement of Hockin v RBS, the team provide an expert summary in 2-part blog series of the key points put forward in the opening submissions of each party at Trial.  This first blog deals with the Claimant’s opening submissions.

Claimants’ Opening Submissions (David Reade QC acting)    

Mr Reade began by providing a brief history of the case and specified how London & Westcountry Estates (“the Company”) came to be, how it prospered, RBS’ involvement and how the business was ultimately forced into administration as a consequence of the Swap RBS had sold.

Mr Reade systematically took the Court through the 7 main limbs of the Hockins’ pleaded case, summarised as follows:

  1. The Mutual Credit Break
  1. Duty to advise; duty to inform
  1. The Bank’s Contractual Defence
  1. Selection as advice
  1. Transfer to GRG
  1. Transfer to Isobel Assetco Limited (“Isobel”)
  1. LIBOR

Read next – the Defendant’s Opening Submissions in our 2nd blog.

To find out more about the issues raised in this post, or to discuss any queries regarding banking litigation please get in touch with our team on or call +44 (0) 161 829 2599.
The information and opinions contained in this article are not intended to be comprehensive, nor to provide legal advice. No responsibility for its accuracy or correctness is assumed by berg or any of its partners or employees. Professional legal advice should be obtained before taking, or refraining from taking, any action as a result of this article.

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