Royal Bank Of Scotland Share Discussion Threads

[chinese investor] 12/10/2017 10:07

Here'a a potted history :-

[prophet_alexandre] 12/10/2017 09:53

if there is no agreement, how can the Action Group deduct fees from the claimants settlement ?

[maxk] 12/10/2017 09:29

Blighty of course!

The Germans will refuse to sell us cars.

The French will refuse to sell us wine.

The Spanish will refuse to sell us fruit.


The list goes on...end of the world etc etc

[chinese investor] 12/10/2017 09:15

None of the Action Group were Claimants !

That's fairly worrying !

[chinese investor] 12/10/2017 09:14

Small PIs have forked out £1,500 each and so the Action Group have got a minimum of £40 million (there were 29,000 of us).

The Action Group do in fact have a great deal more than this because some claimants have forked out more than £15,000 !

[blusteradjuster] 12/10/2017 09:02

Where do short-haul UK airlines fly to?

Where do short-haul European airlines fly to?


Who has more to lose..?

[leedskier] 12/10/2017 08:51

The partition of India in 1947 comes to mind ;)

[maxk] 12/10/2017 08:39

Only UK airlines?


{UK airlines could find they have to stop flying – it’s that serious. And this would impact passengers long before March 2019 because airlines couldn’t sell advance tickets and, frankly, would passengers risk buying them?}

[chinese investor] 12/10/2017 08:20

But nobody won !

[g1945] 12/10/2017 08:16

No agreement as far as I am aware. In fact the Registration Form which I completed had no trace of any conditions etc whatsoever.

[leedskier] 12/10/2017 08:15

276.20 +0.80 (0.29%)

[prophet_alexandre] 11/10/2017 18:47

As far as I am aware, there is no fee agreement between claimants and the RBoS AG, which says that the RBoS AG can deduct a fee, payable to them, from claimants settlements ?
Correct me if I am wrong but I don't think RBoS AG where 'employed' by the thousands of claimants on the basis of a 'no win, no fee' type agreement ? or were they ?

[prophet_alexandre] 11/10/2017 18:36

It was of course, the action group who agreed to the manx funding and I have to say, I find the funding payment unbelievable considering that Manx could also decide if the claim continued or not.
Their downside was minimal it seems.
As for the smaller claimants, unfortunately they appear to have been left at the back of the queue .

[prophet_alexandre] 11/10/2017 18:31

20 million to the action group ???
what on earth for ?

[chinese investor] 11/10/2017 18:05

It appears :-

£20 million will go to the Action Group
£20 million will go to Signature
£60 million will go to the "After The Event" groups (mainly Manx i.e. Trevor Hemmings)

According to Wikipedia Trevor lost £700 million on RBS.

It also appears :-

Manx agreed to the final settlement and we PIs were obliged to go along with it.
Manx would have got their money if we had gone to court or not.

[chinese investor] 11/10/2017 17:52

My "Dear Claimants" letter comes from the Group's website :-

[prophet_alexandre] 11/10/2017 17:46

I haven't received a reply from the Action Group either.
Have to say the information about the 20m payment raises serious concerns.
Has anyone got an update on whether Signature litigation achieved the Injunction against RBoS AG

[g1945] 11/10/2017 13:51

I have little doubt that the possibility of the £20m not being paid was the reason for yet another change of legal reps.

[barmiddleton] 11/10/2017 13:38

Signature Litigation's letter to us claimants raises a lot of red flags imho! In particular the revelation that the Action Group are expecting £20 million to be paid to another "company" in relation to payments due to directors, officers and controllers of the Action Group and various associated third parties.

Chinese Investor (CI), I have not seen the letter you posted on 10th instant from the Action Group which seems to be retracting somewhat from their communication to us members dd 27th September 2017.

On receipt of both letters (from Signature and the Action Group) which I received on the same date I sent off a reply to the Action Group asking what was going on especially in regard to the £20 million referred to above. I have not yet received a reply and probably won't!

Am I the only one thinking that the Action Group are maybe falling out with Signature in no small part due to the latter raising serious questions about this substantial payment? Just asking!!!

[g1945] 11/10/2017 12:42

I haven't had that letter yet, so thanks for posting it. It just goes from bad to worse. At this rate we'll be lucky to get back our payments to the Action Group!

[cfc1] 11/10/2017 12:29

Look guys....see sense here...BUSINESS will decide and PRESSURE these idiots we elect and the NON elect clowns in the so called EU in Brussels...Junker and the rest of those clowns have NO POWER at all.
Anyone read how EU businesses and WORRIED about the disaster this will be for them?

JUnker and his pathetic bunch are NOT the people we should have to negotiate with...in fact why should we.
Re Airline industry....ummmm Heathrow is one of THE MAJOR HUBS for world travel.. so we screw up 80% of European global travel or rather they will!!

we should just sack all politicians!!!!!

[leedskier] 11/10/2017 11:42

7,538.96 +0.69 (0.01%)

[leedskier] 11/10/2017 10:44

I do not think that the public at large has any real ideal of the immediate consequences of a hard brexit on freedom of movement, money and imports/exports between the UK and EU.

I certainly do not.

I think we need to be told.