Infighting among the shareholder groups bringing a combined £4bn claim against the Royal Bank of Scotland (RBS) has reached a climax with the largest group understood to be in talks to sue Lloyds Bank and Investec over non-payment of fees, The Lawyer has learned.
Costs and funding have already proved key in this trial, which has been adjourned until 2017 following problems with RBS’s mammoth disclosure exercise, which it told the court was delaying its lawyers Herbert Smith Freehills from preparing witness evidence. [continued]
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- The SFO bribery head has issued a warning to lawyers that it will continue to prosecute companies for wrongdoing, despite the first successful DPA this week
- Clifford Chance’s Simon Davis has been instructed to oversee a review into bullying allegations in the Conservative party
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