Legal Proceedings Report • Sep 5, 2022
Legal Proceedings Report
Open in ViewerOpens in native device viewer
NatWest Group plc 5 September 2022
NatWest Group plc ("NatWest Group") announced on 17 March 2022 that a Petition had been presented to the Court of Session in Edinburgh (the "Court") seeking an order under Part VII of the Financial Services and Markets Act 2000 sanctioning a banking business transfer scheme (the "Scheme") for the transfer of the private banking (including execution-only dealing services and custody account services) and lending business carried on under the "Adam & Company" brand and trading name by The Royal Bank of Scotland plc, a public limited company incorporated in Scotland, to Coutts & Company, a private unlimited company incorporated in England and Wales. The Royal Bank of Scotland plc and Coutts & Company are both subsidiaries of NatWest Group.
NatWest Group is pleased to announce that the Court of Session approved the Scheme on 31 May 2022 and that the Scheme came into effect on 3 September 2022.
Alexander Holcroft Head of Investor Relations +44 20 7672 1758
NatWest Group Media Relations +44(0)131 523 4205
NatWest Group plc 2138005O9XJIJN4JPN90 The Royal Bank of Scotland plc 549300WHU4EIHRP28H10 Coutts & Company 549300OLXJ4Y010LOT3
Legal Entity Identifier
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.