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Clifford Chance

Clifford Chance


Banking syndicate successfully defends EURIBOR misrepresentation claims

5 March 2019

The High Court, in Marme Inversiones 2007 SL v Natwest Markets PLC & Ors [2019] EWHC 366 (Comm), has rejected another claim involving allegations about the rigging of an IBOR benchmark. In dismissing the claim, the High Court has given detailed guidance on the application of the Court of Appeal's decision in PAG v RBS [2018] EWCA Civ 355 and confirmed the importance of the underlying facts in misrepresentation claims concerning sophisticated financial transactions.

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