Of crucial importance to potential claimants is whether they have recourse in respect of unprofitable bargains contaminated by LIBOR manipulation, including whether loss suffered as a result of such bargains is actionable. As this article, originally published in May 2013, explores, while there was a great deal of speculation on the matter and there were some developments in the private law arena, the way in which civil claims would play out in the English courts was unknown.
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