Marme Inversiones 2007 SL v NatWest Markets plc and others

Misrepresentation – Fraudulent misrepresentation. The claimant's claim failed, in a dispute concerning the purchase of the Spanish headquarters of the Santander bank. The Commercial Court held that the Royal Bank of Scotland which, along with the defendant banks, had helped to finance the purchase, had not made false representations concerning the integrity of the process of setting EURIBOR on its own account and as agent for the defendants. The defendants were entitled to declarations that they had acted lawfully.

Category: