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Last week, the board lodged an advanced notice for a charge over Ibrox in favour of shareholder Mike Ashley's company, Sports Direct.
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This means, in effect, that the new offer reallocates the spoils to be gained from savings and synergies in the new bank in favour of Paribas shareholders.
"We believe our interests may be being overlooked in favour of one particular shareholder," wrote the RST.
Although Russia was never likely to accept a ruling in favour of former Yukos shareholders, it is all the more impossible to imagine it paying up now, given the heightened mood of tension and animosity.
The scales have tipped too far in favour of the interests of shareholders, and against those of customers, who could clearly be getting better value.
"I am governing a company in favour of the company and shareholders.
In August the company called a halt to takeovers in favour of boosting returns to shareholders from its existing businesses, and raised its dividend by 5%.
Standard Life needs to be careful about how it behaves over unclaimed demutualisation shares, or policyholders might start thinking it favours the interests of shareholders over policyholders.
"This goes some way to help justify the timing of Shell's proposed acquisition of BG and should in our view help firm up the likelihood of shareholders voting in favour of the deal next week".
A Petrofac spokesman said: "77% of shareholders voted in favour of our decision to set no formal cap for recruitment, which gives us flexibility in a competitive global market for top talent".
UKSA, which represents private shareholders, said the views of the former Lloyds TSB shareholders seem to have been ignored in favour of the wishes of government and the HBOS shareholders, while former HBOS shareholders were "dismayed" by the erosion of their investment under former management.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com