Now a separate group of shareholders are threatening litigation over its restructuring group, which they allege forced small companies out of business in order to make a profit.
Clyde & Co has stepped in to represent the shareholder action group. RBS turned to Clifford Chance to investigate the allegations last year following a report by government adviser Lawrence Tomlinson, which later cleared the bank of wrongdoing.
It followed the firm’s removal in January from the $2bn litigation between Ukranian Victor Pinchuk and his rivals Gennady Bogoliubov and Igor Kolomoisky, represented by Enyo, in January.
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