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ARTICLE · 12 FEBRUARY 2016

What To Watch Out For...

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The appeal in the Deutsche v. Cheyne litigation (we summarise the first instance decision below) is likely to be heard in May.

United KingdomFinance and Banking

Litigation

The appeal in the Deutsche v. Cheyne litigation (we summarise the first instance decision below) is likely to be heard in May. The first half of the year should also see the trial of claims by the Bank of St Petersburg against Vitaly Arkhangelsky, said to be worth £30 million. The trial of claims by Property Alliance Group against RBS, which include allegations relating to LIBOR manipulation, will begin in May. The Libyan Investment Authority's claim against Goldman Sachs for undue influence in respect of investments made by the sovereign wealth fund is to come to trial in June, as is the trial of a claim brought by Terra Firma against Citi. It is likely that judgment will be handed down in these claims in the second half of 2016. Leave to appeal was granted in relation to one of the more significant judgments of 2014, between UBS, KWL and Depfa, but that appeal is not due to be heard until late 2016 or early 2017, which is indicative of our understanding

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