RBS Wins Quincecare Fight Over Legal Finance Fraud

2 years ago justice

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By Christopher Crosby (Could 12, 2022, 12:58 PM BST) — Traders who misplaced thousands and thousands of kilos in an alleged authorized financing fraud can’t get well their cash from RBS after the highest court docket for abroad British territories dominated on Thursday that the lender doesn’t owe an obligation of care.

The court docket has dominated that RBS didn’t owe an obligation of care to guard the Cayman Islands fund from the alleged fraudsters as a result of the buyers weren’t its buyer. (Pavlo Gonchar/SOPA Photographs/LightRocket by way of Getty Photographs) Justices for the Judicial Committee of the Privy Council rejected an attraction by a fund within the Cayman Islands to revive its declare, which sought to…

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