Litigation boutique CYK is representing PAG in its £30m Libor rigging and derivatives mis-selling claim against RBS, which alleges the bank’s misconduct went far beyond what has been made public by regulators.

Issue of conflict

RBS served an injunction against CYK over its hire of an associate, Mike Cumming-Bruce, who previously worked at Clifford Chance and is understood to have had access to confidential documents concerning RBS during his time there. As such, the bank alleges that there is an issue of conflict.

Dentons and PCB Litigation retained

RBS is understood to have retained Dentons on the injunction application, with partners Richard Caird and Sam Coulthard handling the bank’s defence in the battle with PAG. CYK has instructed PCB Litigation partner Trevor Mascarenhas to defend the legal challenge. Source: The Lawyer