Slaughter and May has stood down from the Royal Bank of Scotland’s (RBS) legal panel in the wake of discussions regarding risk management, it has emerged.
Slaughters has indicated that the decision was taken earlier this year after discussions regarding RBS’ broad prohibition on panel advisers limiting liability on individual transactions. It is understood that there was particular concern over the ban on limiting risk on work that could carry liabilities to third parties, such as vendor due diligence reports.
