Standish v Royal Bank of Scotland plc and another

Practice – Strike out. The first defendant, Royal Bank of Scotland plc and the second defendant company succeeded in their application to strike out the claimants' claim which alleged unlawful means conspiracy. The claim was based on the defendants' actions as they allegedly affected the claimant shareholders of a company before two structuring events, and the loss the claimants claimed had arisen from giving up a significant proportion of their shares in the company to the second defendant. The Chancery Division ruled, among other things, that the failure to provide particulars explaining how an alleged customer agreement, which the claimants' relied on, had come into being, sufficed to provide a ground to strike out that element of the claim, and that the defendants had established that the claim was bound to fail.

Category: