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An update on LIBOR claims: an alternative judicial view

Continuing developments in LIBOR manipulation has seen a large influx of litigation being generated. Although interest rate swap (IRS) mis-selling litigation occurred before LIBOR manipulation, claimants have sought to amend their claims, pleading LIBOR manipulation in their mis-selling actions. These amendments have been allowed in the past cases. However, a different outcome resulted when the defendants in Deutsche Bank and Others v Unitech Global and Another [2013] EWHC 471 sought to plea similar amendments.

This white paper analyses the case Deutsche Bank and Others v Unitech Global and Another [2013] EWHC 471. It looks at the facts of the case, provides you with insight into the decisions that were made and how they are likely to affect future claims.