Property Alliance Group Ltd v Royal Bank of Scotland

Practice – Pleadings. The Chancery Division allowed the claimant company's application to amend it's particulars of claim and ordered disclosure in respect of a claim for misrepresentation and breach of contract concerning the conduct of the defendant Royal Bank of Scotland in setting LIBOR. The court refused the defendant's application to amend its defence, but accepted its submission that it was open to a party to decide not to rely upon privileged material and, therefore, amend the relevant pleading, in which case, if the amended pleading was permitted, no waiver would have taken place merely by virtue of it having been pleaded before.

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