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United Kingdom Financial Investments Ltd

Volume 710: debated on Monday 27 April 2009

Question

Asked by

To ask Her Majesty's Government whether United Kingdom Financial Investments Ltd is liable if all legal actions against the Royal Bank of Scotland succeed. [HL2622]

UK Financial Investments Limited (UKFI) is an arm’s-length company wholly owned by the Government, which has been established to manage the Government's investments on a commercial basis.

Liability in respect of legal actions brought against the Royal Bank of Scotland (RBS) would ordinarily lie with RBS and not with UKFI.