Drawing on the firm’s international platform, A&O Shearman remains at the ‘top of the pack’ and a go-to choice for global financial institutions. The litigation team works in tandem with the firm’s transactional practices to represent clients in matters ranging from high-profile disputes to regulatory investigations. Arnondo Chakrabarti leads the team, representing major financial institutions not only in litigation, but also in regulatory, criminal, and internal investigations. Alex Chenery excels in multi-jurisdictional proceedings, from derivatives, syndicated lending, and structured finance disputes, to contentious insolvencies. An expert in fraud and mis-selling claims, as well as derivatives and structured finance litigation, Mahmood Lone is praised for his ‘great attention to detail and high analytical skills’. Michael Godden represents a diverse range of banks, funds dealers, and corporate trustees, often in parallel proceedings across multiple jurisdictions, as well as internal investigations, asset tracing and enforcement, and restructurings and insolvencies. Susanna Charlwood also demonstrates particular prowess in disputes involving distressed or insolvent companies. Experienced in mis-selling, misrepresentation, breach of contract, and negligence claims, Juliet de Pencier is another name to note. Andy McGregor left the firm in October 2023.
Banking litigation: investment and retail in London
A&O Shearman
Practice head(s):
Calum Burnett; Arnondo Chakrabarti
Other key lawyers:
Andrew Denny; Mahmood Lone; Michael Godden; Susanna Charlwood; Sarah Hitchens; Juliet de Pencier; Mohamed Sacranie; Nicholas Gomes; Alex Chenery
Testimonials
‘Mahmood Lone: very hard working, practical, great attention to detail and high analytical skills. Arnondo Chakrabarti: highly experienced, great strategist, excellent at client management.’
‘Arnondo Chakrabarti displays all the qualities one could seek in a partner at a law firm: empathetic, with a sharp mind and great technical expertise, commercial acumen, and a real understanding of his client’s needs. One additional aspect that is very valued is his support for his team, which shows and creates a great dynamic, providing even better quality services to his clients.’
‘They are a “go to” team for financial services-related disputes, having expertise and breadth of practice that few others in the market can match.’
Key clients
Citi
Madison Pacific Trust Limited
Commerzbank
Cassini SAS
MGT Teesside Limited
Vroon Holding
Work highlights
- Acting for Citi in long-running and highly publicised litigation based on the EC’s decision that Citi and certain other banks infringed competition law in relation to conduct in the spot foreign exchange markets.
- Advising Madison Pacific Trust Limited on a Part 8 Application for trustee directions regarding the distribution of funds under Bond Trust Deeds.
- Acting for Commerzbank in a dispute with an Italian local authority (Provincia di Catanzaro) regarding a derivative transaction entered into in 2007.
Clifford Chance LLP
The ‘knowledgeable, energetic and ambitious’ banking litigation team at Clifford Chance LLP remains at the forefront of high-profile banking disputes in both the UK and global markets. It boasts specialist knowledge of complex financial products and contentious regulatory expertise, working in tandem with the corporate crime and financial regulatory teams to provide financial institutions with a full-service offering. Ian Moulding heads the banking litigation practice and is praised by clients as a ‘great strategist and team leader’, and Helen Carty
leads the London litigation and dispute resolution team. Global head of litigation and dispute resolution Matthew Newick represents a diverse roster of financial sector clients in cross-border disputes and investigations. Kelwin Nicholls is a key contact for major banks and Christopher Yates and Lindsay Bickerton are also names to note. An expert in fintech disputes, Kate Scott’s clientele includes payment firms and crypto exchanges, as well as banks and financial services firms. Michael Gorrie is a go-to representative for investment banks, while Jason Epstein focuses his practice on group litigation, including shareholder claims. Guy Burkitt is an active member of the team.
Practice head(s):
Ian Moulding
Other key lawyers:
Helen Carty; Matthew Newick; Kelwin Nicholls; Christopher Yates; Lindsay Bickerton; Kate Scott; Michael Gorrie; Jason Epstein; Guy Burkitt; Sam Harris; Melissa Oppenheim; Ben Jasper; Philip Cox
Testimonials
‘Ian Moulding: great strategist and team leader. Highly experienced in running teams for major litigation. Lindsay Bickerton: very reliable junior partner, will be a star of the future.’
‘Clifford Chance’s banking litigation capability is second to none. Hugely knowledgeable, energetic and ambitious, CC’s banking litigation team offers a Rolls-Royce service but delivered in a modern, client-focused, fleet-footed, value-for-money way. Outstanding.’
‘Christopher Yates is hands-on, sleeves-rolled up, client-focused, outcome-driven. He is everything a client could hope for in a top city firm partner: the experience and intellect combined with client-empathy, team management skills and an unshakeable desire to win. A class act.’
‘Ian Moulding is respected across the market. Lindsay Bickerton has exceptional legal knowledge and eye for detail. Guy Birkett is a standout Senior Associate.’
‘The junior associates are well trained and bright. The senior associates are well organised and brilliant, the partners are extremely impressive. The people to note are Senior Associate: Guy Burkitt (one of the best litigators I’ve worked with) and Sam Brown (another excellent senior associate).’
‘The team at Clifford Chance is first-class. What really sets them apart from other firms is their incredible bench strength from Associates to Partners, many of whom I have worked with. The team’s experience advising clients on high-value, complex, cross-jurisdictional matters means that they regularly act for clients in “bet the business” disputes.’
‘Helen Carty’s judgement is second to none. She is a legal firebrand: analytically superb, tenacious, perceptive, incisive, and infinitely calm. Kelwin Nicholls is a force to reckon with. His knowledge of banking law is encyclopaedic.’
‘Kate Scott is active in Fintech and LIBOR transition work. Experienced in leading the heaviest litigation, with heavy technical aspects. Guy Burkitt is a star associate who performs at partner level. Clever, hard-working to a fault and capable of managing a large number of cases at once, while remaining charming at all times.’
Work highlights
- Defending two financial institution clients in an action brought by the US Federal Deposit Insurance Corporation as receiver for 19 closed US banks against a number of USD LIBOR panel banks.
- Acing for Link Fund Solutions Limited in its capacity as authorised corporate director of the Woodford Equity Income Fund in relation to group litigation brought by retail investors under s.138D FSMA following the fund’s suspension and subsequent winding-up.
- Advising a group of note-holders on potential avenues to challenge a bank’s decision to transfer certain notes (with a combined notional value of €2bn) from one bank to another.
Herbert Smith Freehills LLP
Herbert Smith Freehills LLP’s banking litigation practice is prominent in high-profile disputes, including large-scale securities class actions and group claims. The team boasts an impressive roster of clients, ranging from global financial institutions to regulatory bodies. Practice head Rupert Lewis is sought out by clients for his ‘legal analysis, strategy and client management’. Simon Clarke co-heads the firm’s global bank sector group and leads on litigation involving financial products and derivatives. Damien Byrne Hill
plays a key role in high-profile litigation, acting for major financial institutions. Chris Bushell represents banks and private capital clients, boasting particular expertise in securities litigation, while Julian Copeman handles commercial litigation for banks. Representing both investment and corporate banks, John Corrie is active in multi-jurisdictional disputes. Emma Deas demonstrates particular prowess in breach of contract and fraud claims and derivatives disputes and has recently increased her focus on sanctions work. Ajay Malhotra is at the forefront of the cryptocurrency space, advising digital assets platforms, and has an active sanctions practice. Nic Patmore plays a key role in group litigation and Sarah Penfold specialises in securities class actions. Charlotte Benton focuses on cross-border disputes, while John Mathew is an expert in wealth management matters.
Practice head(s):
Rupert Lewis
Other key lawyers:
Simon Clarke; Damien Byrne Hill; Chris Bushell; Julian Copeman; Emma Deas; Ajay Malhotra; Nic Patmore; Sarah Penfold; Charlotte Benton; John Mathew; Daniel May; Jonah Oliver; Mark Tanner; Chloe Woodward; John Corrie
Testimonials
‘Rupert Lewis: has every quality of a commercial litigation partner. Great at team management, legal analysis, strategy and client management. Julian Copeman: very experienced litigator. A calm head. Able to cut through difficult issues and produce a good result.’
‘Ajay Malhotra is a fantastic partner. Great strategic insight and a joy to work with. Associate Jonah Oliver is a real wizard with sanctions-matters.’
‘Chris Bushell did a good job for us on a big case. Senior Associate Daniel May was excellent in terms of attention to detail and understanding of complex issues.’
‘The individuals with whom I am familiar are excellent all-rounders. Rupert Lewis – He has it all – superb technical skills, great judgement, a quick thinker, and excellent relationship skills. Mark Tanner – Tenacious and courageous – all over the detail. Chloe Woodward – A future partner in the making. An impressive level of judgement and communication skills for someone of her PQE.’
‘Simon Clarke is the standout individual with a stellar reputation in the market. Senior Associate Nic Patmore is a future star.’
‘First class litigation service. Very experienced at dealing with high-value and complex disputes.’
‘Simon Clarke is first class. He has excellent judgement, works extremely hard and is across the detail. He is also brilliant at working with counsel from other jurisdictions. John Corrie is astute and easy to work with.’
‘Ajay Malhotra is an exceptional disputes lawyer and client relationship partner. He is technically superb, tactically astute (with an eye on the bigger picture), calm and considered, a great clear communicator and very hard-working and responsive.’
Key clients
UBS
Bank of England
National Australia Bank
BNP Paribas
Société Générale
Standard Chartered Plc
Barclays Bank
ICBC Standard Bank Plc
Goldman Sachs
Work highlights
- Acting for National Australia Bank Limited in relation to a group claim brought by over 800 Claimants in eight separate claims, alleging, amongst other things, fraudulent misrepresentation and deceit, which has been widely reported in the press to be worth around £1bn.
- Acting for the Bank of England as a defendant in proceedings issued by the Maduro Board of the Central Bank of Venezuela, which has requested the release of gold deposits exceeding $1bn in value held by the BoE on behalf of the BCV.
- Acting for Standard Chartered plc in relation to a £1.45bn securities class action arising out of certain published findings by US and UK regulators in connection with breaches of US sanctions against Iran and certain anti-money laundering failings.
Hogan Lovells International LLP
The ‘first-class’ team at Hogan Lovells International LLP continues to occupy a position at the top end of the market, participating in high-stakes and precedent-setting disputes across the banking and financial services sector. Advising on an impressive range of matters, the team represents clients in manipulation and mis-selling claims, contentious restructurings, and disputes related to aviation, consumer finance, and financial products. The practice operates on a global scale, representing not only UK banks, but also international financial institutions, in multi-jurisdictional litigation. It also boasts experience in mass claims, group litigation and class actions. Practice head Louise Lamb is a leading figure in the market, regularly at the forefront of sector-significant issues, and also brings to the team particular expertise in litigation related to Africa. Philip Parish
’s multi-jurisdictional disputes practice spans litigation related to derivatives and other financial products. In addition to his experience in the retail banking space, Whiston Bristow plays a key role in asset finance disputes, particularly in the aviation sector, and trade finance disputes. John Tillman is a go-to choice for contentious restructuring and insolvency matters. Jennifer Dickey excels in cryptocurrency litigation and William Robinson is also experienced in digital assets disputes.
Practice head(s):
Louise Lamb
Other key lawyers:
Philip Parish; Whiston Bristow; John Tillman; Jennifer Dickey; William Robinson; Hannah Piper; Victoria Lindsay; Guy Marrison; Andrew Holland; Elaine Penrose; Alex Riposi
Testimonials
‘Jennifer Dickey has managed the case very effectively. William Robinson has been the associate doing most of the day-to-day work and he is excellent – very thorough, across the detail and analytically sharp.’
‘A first-class team of super intelligent lawyers who know everything there is to know about banking litigation.’
‘Hannah Piper is a super bright partner who is clever and no-nonsense. A great team leader.’
‘Louise Lamb is an outstanding partner and leader of her team. She works incredibly hard and is all over the detail whilst also being adept at stepping back to see the bigger strategic picture. Andrew Holland has all the qualities needed for an excellent Senior Associate and future Partner: precise, hard working and personable, he is brilliant to work with and you always know you are in safe hands with him. Nothing gets past him.’
‘Hogan Lovells’ banking team is absolutely first rate and should be the first port of call for any major banking and finance dispute. The partners are universally strong, particularly Whiston Bristow, Louise Lamb and Philip Parish. They have experience of handling very significant disputes, particularly for major banks, and offer consistently good, measured advice.’
‘Whiston Bristow has handled sensitive and very high-profile disputes adroitly for a number of years. Whiston’s legal analysis is brilliant, offering genuine insights and improving the work of instructed counsel and the rest of the team. He also gives extremely thoughtful strategic advice; and he manages larges teams and coordinating with co-defendant teams with leadership and humility.’
‘I have been working for Hogan Lovells on various matters for seven years. They are a dream team. I cannot recommend them highly enough. Brilliantly resourced cases, staffed by associates who are totally “on their game” and led by partners with great strategic and client management skills. They are head and shoulders above most of their opponents, as reflected in the fantastic results they achieve.’
‘John Tillman: a skilful partner, who combines both sound legal analysis and a practical ability to find and obtain good solutions for the client.’
Key clients
Lehman Brothers Holdings Plc (In Administration)
YES BANK Limited
Work highlights
- Acting for a major global financial institution in relation to a claim brought in the UK arising out of the global Foreign Exchange investigations into market manipulation and rate-rigging, both in the UK and in New York.
- Acting for the PwC administrators of Lehman Brothers Holdings Plc (In Administration) in the unwinding of its affairs and the continued payment from time to time of very substantial sums to its creditors (over £1bn having been distributed to date).
- Defended YES BANK Limited successfully against a claim by financial services firm Cantor Fitzgerald for a financing fee allegedly owed by the bank, following the significant public rescue of YES BANK in 2020.
Latham & Watkins
A first port of call for major financial institutions and banks across various jurisdictions, Latham & Watkins utilises its global network to advise on cross-border matters that often involve elements of foreign law. The team of ‘excellent commercial litigators’ excels in sections 90 and 90a FSMA collective claims and has also noted a recent increase in disputes in the crypto space. ‘Talented, clever and strategic lawyer’ Andrea Monks leads, representing a stellar clientele of banks and financial institutions and playing a key role in disputes from class actions to litigation at the Supreme Court level. Also an expert in collective and class actions, Martin Davies excels in shareholder and other multi-party disputes. Following her promotion to partner in January 2023, Nell Perks has increased her focus on ESG, advising financial institutions on the related litigation risks. Oliver Middleton boasts experience on both the claimant and defendant side and is well-placed to advise on significant financial class actions. Alex Cox is another name to note.
Practice head(s):
Andrea Monks
Other key lawyers:
Martin Davies; Nell Perks; Oliver Middleton; Alex Cox; Duncan Graves; Alice Zhou; Margaux Thomas-Bonafos
Testimonials
‘It is an excellent team with brilliant industry contacts which enables them to offer a great service to clients.’
‘Partners: Martin Davies (hugely experienced), Andrea Monks (also very experienced and a joy to work with); Nell Perks (junior partner, very competent and lovely to work with.’
‘Great experience and knowledge.’
‘Andrea Monks – utterly brilliant; a talented, clever and strategic lawyer who you would want on your side!’
‘Excellent commercial litigators with a deep understanding of banking litigation. The team are a pleasure to work with. They are highly collaborative and give clear commercial advice to their clients.’
‘I have worked with Martin Davies, Oliver Middleton, Alex Cox, Duncan Graves, Alice Zhou and Margaux Thomas-Bonafos, all of whom are excellent. They stand out for their ability to work in a collaborative manner and for their analytical skills. They also have excellent instincts on strategy and case management.’
‘Lathams are in a class of their own and are only instructed for our most complex and strategic matters. Their teams are partner-led; turnaround times are exceptional; and their thought-leadership is superb.’
‘Andrea Monks – one of the brightest lawyers and strongest litigators I have ever worked with.’
Key clients
Chicago Mercantile Exchange
Saudi National Bank
Barclays
ABN AMRO Bank N.V.
Genesis Digital Assets Ltd
Work highlights
- Representing Unicredit Bank Gmbh in obtaining an unprecedented final mandatory anti-suit injunction for Unicredit against RusChemAlliance LLC, requiring RCA to withdraw proceedings it had commenced in the Russian Courts in breach of the parties’ exclusive arbitration agreements.
- Representing Chicago Mercantile Exchange in Commercial Court proceedings by TP ICAP alleging breaches of warranties following the sale of ICAP’s voice broking business to Tullett Prebon in 2018.
- Representing a major investment bank in both the High Court and Competition Appeals Tribunal in relation to alleged FX manipulation.
Linklaters LLP
Working in tandem with the firm’s contentious regulatory and non-contentious teams, Linklaters LLP’s ‘market-leading’ banking litigation practice represents financial institutions in multi-jurisdictional and cross-practice disputes. The group’s broad banking experience ranges from investor and swap counter-parties disputes and fraud and tax claims, to cartel litigation. It also advises its clientele of banks, trustees, and notes holders on multi-party and group claims, such as those arising out of breach of contract allegations. Christa Band boasts a wealth of experience managing parallel proceedings in litigation and leads the team alongside Alison Wilson, who focuses on contentious regulatory work. Patrick Robinson is regularly called upon to advise on securitisation, structured products, capital markets and derivatives disputes. Andrew Poulton is praised by clients as ‘technically excellent, extremely commercial and highly responsive’ and was promoted to partner in May 2023. Rebecca Burton is another name to note, along with Michael Munk.
Practice head(s):
Alison Wilson; Christa Band
Other key lawyers:
Patrick Robinson; Andrew Poulton; Rebecca Burton; Michael Munk
Testimonials
‘I have worked with a number of the partners and associates at Linklater’s, all of who I rank very highly. Andrew Poulton deserves mention, and I don’t think that there is a single lawyer that I have worked with at Linklater’s that I would not recommend.’
‘Linklaters are legends of litigation, and the current army of talent amply justifies their long-standing pre-eminence.’
‘Alison Wilson is a wily and high-profile leader who provides expert guidance to this dynamic team.’
‘The banking litigation team at Linklaters are absolutely excellent – real market leaders. They are all extremely bright and completely on top of difficult legal issues. They have sound judgement and strategic nous and give clear and practical advice. A real pleasure to work with and exactly the team to have on your side in the biggest banking litigation cases. I couldn’t recommend them more highly.’
‘Andrew Poulton is a really excellent lawyer. Clever, completely on top of the details and the legal principles, and able to produce complex and persuasive documents quickly. His drafting is clear and persuasive. Always a pleasure to work with.’
‘I find the Linklaters team to be unique because of the widespread quality which they have in the Partner and Managing Associate ranks. The quality of the practitioners is really strong and consistent across the practice. Most importantly, all the practitioners are really user friendly, easy to work with and responsive. For important matters, they are our first-choice firm.’
‘The team is (and has been for many years) market leading. There is an impressive depth of experience across the partners and a very strong crop of up-and-coming junior partners making their way through into the market. As a client they are first choice for banking litigation mandates, particularly those that involve sensitive or business critical issues.’
‘Andrew Poulton stands out as an up-and-coming partner. He is technically excellent, extremely commercial and highly responsive. He identifies the key areas and has a great way of cutting through to the issues that matter.’
Key clients
Société Générale
The joint administrators of Lehman Brothers International (Europe) (in administration)
Work highlights
- Represented Société Générale in a case involving claims of anti-competitive actions in the FX market, initiated on 11 November 2020.
- Advised LBIE’s administrators on a High Court case regarding LBIE’s right to rectify ongoing Defaults under the ISDA Master Agreement to resume payment obligations from counterparties, Firth Rixson, who withheld payments citing section 2(a)(iii).
Slaughter and May
Pre-eminent in high-value and high-profile disputes, Slaughter and May represents clients across the financial services sector, on both a national and international level. The ‘well respected and experienced‘ team demonstrates prowess in disputes related to financial products and derivatives, as well as fraud and benchmark manipulation claims. It works in tandem with the firm’s global investigations group to advise its clientele of global investment banks, fund administrators, and investment companies on regulatory investigations. The ‘highly experienced’ Richard Swallow heads the team, and Ewan Brown
boasts a wealth of experience representing financial institutions, both in the High Court and the CAT. Operating on an international basis, Jonathan Clark’s litigation practice spans from derivatives disputes and manipulation claims to regulatory investigations. Camilla Sanger and Richard Jeens are also key contacts in the team and Gayathri Kamalanathan brings to the group extensive in-house experience, being adept at handling disputes and investigations across jurisdictions. Megan Sandler is another name to note, along with Ross Francis-Pike and Melissa McFarlane.
Practice head(s):
Richard Swallow
Other key lawyers:
Ewan Brown; Jonathan Clark; Gayathri Kamalanathan; Camilla Sanger; Richard Jeens; Megan Sandler; Ross Francis-Pike; Melissa McFarlane; Nick Ames; Nupur Upadhyay; Olga Ladrowska; Nicholas Querée; Ben Goldstein; Edward Coles
Testimonials
‘Richard Jeens – very experienced, runs a great team, and often a big team. Ewan Brown, all round helpful and clever partner. Gayathri Kamalanathan, excellent younger partner, on the ball, great team player. Ben Goldstein, another great associate. Ross Francis-Pike: Top associate, totally on the ball, great prospect.’
‘The absolute pinnacle when it comes to expertise and strategic instinct in managing banking litigation of the highest value and complexity.’
‘Gayathri Kamalanathan: deft strategic instinct and exceptional ability to steer a course through complex multi-headed disputes spanning multiple forums and legal regimes. Ross Francis-Pike: detailed and forensic, masters the materials to craft compelling factual narratives time and again, leaves no stone unturned to unearth the winning points.’
‘Camilla Sanger has good experience in class actions. Olga Ladrowska is a star.’
‘Gayathri Kamalanathan – simply outstanding in her field. Excellent technical operator but set apart from others by acute commercial awareness and ability to support an in-house function, including insight into organisational and governance aspects. Nicholas Querée – ticks all of the ‘trusted advisor’ boxes! Excellent technical acumen in an international context, highly competent, practical and easily supports and complements an in-house legal team.’
‘Very well respected and experienced team. Regarded as the best of the best.’
‘Richard Swallow – senior statesman; highly experienced. Ewan Brown – very clever. Gayathri Kamalanathan – great knowledge of the market.’
‘Nick Ames is a very strong counsel in banking litigation. He is a great team leader, excellent at communicating with clients and very sensible. Gayathri Kamalanathan is rightly renowned as a banking litigator, with great knowledge of the industry and understanding of banking clients.’
Key clients
Credit Suisse AG
Credit Suisse International
Credit Suisse Securities (Europe) Limited
Mercuria Energy Trading Europe Limited
Deutsche Bank, A.G.
JPMorgan Chase Bank N.A.
La Société Immobilière du Palais des Congrès
Predica Prevoyance Dialogue du Credit Agricole S.A.
Work highlights
- Acting for Credit Suisse in multiple claims arising from the $2bn “tuna bond scandal”.
- Acting for Mercuria Energy Europe trading in claims brought against it and its co-defendant, Natwest, arising out of missing trader VAT in the carbon emissions market.
- Acting for Deutsche Bank in the first multi-bank LIBOR litigation in England.
Addleshaw Goddard
With a robust cross-border offering, Addleshaw Goddard excels in financial disputes with foreign law elements and parties based in different jurisdictions. The team of ‘knowledgeable and capable lawyers’ continues to grow and diversify its clientele, noting a recent influx of fintech and cryptocurrency disputes. Boasting extensive experience in the financial services market, ‘hugely experienced and knowledgeable’ practice head Richard Clayton represents a diverse mix of financial institutions from banks to asset managers and hedge funds. James Herring excels in fraud, mis-selling and derivatives claims and leads the fintech disputes team, spearheading the firm’s work for payment institutions and digital asset organisations. Also playing a key role in the firm’s digital assets work, Sivan Daniels specialises in fintech and financial crime litigation, while David Wigg advises on card payment scheme disputes. Promoted to partner in May 2024, Alex Unger is a ‘star’, focusing his international practice on fraud and financial crime, commercial lending and restructuring and insolvency cases.
Practice head(s):
Richard Clayton
Other key lawyers:
James Herring; Sivan Daniels; Alex Unger; David Wigg; Jonny Mitchell; Mabel O’Connor
Testimonials
‘Richard Clayton is a great partner who manages his teams effectively and leads from the front, with great client skills and a keen commercial acumen. Alex Unger, a new partner this year, is exceptional. He is clever and canny and has an eye for the details that can change the course or complexion of cases.’
‘Alex Unger is a particular star.’
‘Sivan Daniels has good commercial judgment and mastery of the detail of a case. James Herring thinks through the ramifications of every point and is a careful and shrewd litigator.’
‘James Herring was the lead partner on this enormous, high-profile fraud claim. It was a very significant case for the bank and James calmly guided the client through all stages of the case, including taking the lead in settlement negotiations at the end. He has a brilliant touch with clients, giving them clear legal advice but also invaluable strategic input.’
‘David Wigg – a senior member of AG’s team. He was highly effective at addressing knotty problems and finding solutions at times of particular pressure. Jonny Mitchell is a rising star in the AG team. He had a great eye for detail and was engaging throughout.’
‘Addleshaw Goddard’s proactive approach to relationship building, team culture, and knowledge of the wider market sets them apart in this space. They act for every single retail bank you would want to work for as well as an increasing number of emerging market financial institutions. They therefore have the ability to genuinely opine on how competitors and peers of their clients are responding to and mitigating risk.’
‘Without fail, all at Addleshaw Goddard who I have interacted with are knowledgeable and capable lawyers but their ability to think strategically to protect their client’s interests is under appreciated. Their ability to foster relationships from a standing start and quickly build trust is also something not commonly replicated across the market. Alex Unger, a new partner, is formidable.’
‘Richard Clayton is hugely experienced and knowledgeable in banking and finance matters. Ensures the firm punches above its weight in some very large disputes. Very strong on the law as well as a wealth of industry knowledge and experience. Alex Unger is highly experienced in the day-to-day running of large-scale, high-value international banking litigation.’
Key clients
Unitel S.A.
British International Investment plc (formerly CDC Group Plc) and Michael Turner
Barclays Bank Plc
Ahli United Bank (UK) PLC
Work highlights
- Acting for Unitel S.A. in its £580m+ claims for repayment of funds and enforcement of security and/or damages followings a series of events of default against a Dutch company owned by Isabel dos Santos.
- Acting for British International Investment Plc and Michael Turner defending a $200m Commercial Court claim brought by Crane Bank Limited and a number of its former shareholders for unlawful means conspiracy, dishonest assistance and knowing receipt alleged to arise from the acquisition of Crane Bank’s assets by DFCU Bank Limited (DFCU).
- Acted for Barclays Bank in successfully defending a claim by litigation funder Henderson & Jones against the Bank for £46m, brought through an assignment by a former corporate customer, alleged that the Bank colluded with the company’s former directors and solicitors to defraud the company and its creditors.
Ashurst
Composed of ‘outstanding litigators’, Ashurst’s broad financial services disputes practice spans derivatives disputes, contractual and mis-selling claims, breach of confidence, and banking disputes. It is also active in consumer class actions and regularly handles litigation on a multi-jurisdictional basis. Nathan Willmott heads the contentious financial services group, while Tom Connor co-leads the disputes team, playing a key role in wealth management disputes. Lynn Dunne enjoys a successful track record representing financial institutions in litigation and Philip Linton brings to the team particular expertise in global markets close-outs since he joined in May 2023. James Levy leads on Quincecare and fraud claims, and Ruby Hamid is another name to note. Sophie Law boasts an active financial crime practice and Louise Youngman is experienced in unfair prejudice claims, as well as contentious restructuring and insolvency matters.
Practice head(s):
Nathan Willmott; Tom Connor
Other key lawyers:
Lynn Dunne; Philip Linton; James Levy; Sophie Law; Louise Youngman; Anna Varga; Neil Donovan; Ruby Hamid
Testimonials
‘Excellent commercial “nous”. Outstanding litigators who really know how to make the process work for their clients.’
‘Very well-established team with excellent knowledge of the sector. Real commitment to diversity with women in prominent leadership roles.’
‘Lynn Dunne – brilliant head of EMEA Contentious Financial Services Group, a strong leader who knows how to get results for clients.’
‘Philip Linton’s in-house experience is valuable as he has seen the disputes and investigations from my perspective, he is aware of the internal pressures and tensions that can challenge the in-house lawyer running these matters. James Levy is a standout expert in his field. He has an extremely wide range of experience in high profile cases, giving me confidence that my firm is in the absolute best hands.’
‘Sophie Law is an extremely effective disputes expert, able to weigh up the pros and cons on tough decision quickly. Provides crystal clear advice as to the pros and cons of the options and advising on the optimal approach, always looking ahead to the next stages of the dispute.’
‘Lynn Dunne is a standout partner. Her insight on how matters will unfold is always useful, and you want her on your side in taking on, or negotiating with, opponents. Louise Youngman is an excellent associate. She has great grasp of the detail, and her drafting is perfect.’
‘Philip Linton, Neil Donovan, Nathan Willmott and Tom Connor particularly strong.’
‘Lynn Dunne is excellent. She has great technical ability, really good management and organisational skills and is super focused on getting the best results for the client. A really good all-around litigator.’
Key clients
Close Brothers Asset Management
Daiwa Capital Markets Europe Limited
Nomura International plc
Punter Southall Group Limited
Specialist Lending Ltd t/a Duologi
Work highlights
- Advised Daiwa on a contribution claim against Mr Maan Abdul Wahed Al Sanea, following the Supreme Court judgment against Daiwa in a claim bought by Singularis Holding Limited (Singularis).
- Advised PSG on all aspects of long-running litigation arising from a claim for unfair prejudice, brought by the former CEO and minority shareholder of a subsidiary company incorporated in Jersey against PSG, the majority shareholder.
- Advised Close in defence of claims brought by three individuals who were clients of two independent financial advisor firms in respect of investments made in Ingenious film schemes comprising breach of contract, negligence, negligent misstatement, and breach of statutory duty.
Mayer Brown International LLP
Regularly called upon by international banks, Mayer Brown International LLP fields extensive expertise in financial regulation and sanctions. ESG matters are also a key aspect of the ‘strong and developed’ team’s caseload. Ian McDonald leads, with a wealth of experience advising on loan structure, structured finance, and derivatives disputes. Chris Chapman and Mark Stefanini are other key contacts for financial institutions and large corporates. Airlie Goodman brings to the team cross-border expertise in cases such as breach of contract claims, and the addition of Sarah Garvey from A&O Shearman in October 2023 strengthened the team’s multi-jurisdictional offering. Finance disputes specialist Stephen Moi represents financial institutions in the full range of litigation, from fraud and mis-selling claims to contentious restructurings. Chris Roberts focuses his practice on financial crime, while Lauren Theodoulou is an expert in financial products disputes.
Practice head(s):
Ian McDonald
Other key lawyers:
Chris Chapman; Mark Stefanini; Sarah Garvey; Airlie Goodman; Stephen Moi; Chris Roberts; Lauren Theodoulou; Ruth Malone; Devi Shah; Alistair Graham
Testimonials
‘The team has a good mix of seniorities and expertise. Both partners and associates are easily approachable and provide valuable advice also under pressure.’
‘Ian McDonald and Airlie Goodman are excellent partners.’
‘Ian McDonald has a great experience and a balanced approach, which helps facing complex situations. Airlie Goodman is young and talented, with a good commercial approach.’
‘Strong and developed team with a great work ethic and pragmatic approach.’
‘Ian McDonald is excellent. Ruth Malone is peerless.’
‘Mayer Brown are excellent – I have worked with multiple teams within the firm and all of them have been superb and great to work with. I would particularly mention Ian McDonald, Mark Stefanini, Lauren Theodoulou and Devi Shah.’
‘Great team with excellent client base.’
‘Deep sector experience and a trusted and respected adviser.’
Key clients
Banca Generali S.p.A.
BNY Mellon
HSBC
Principal Global Investors LLC
Royal Bank of Canada
Société Générale
Temporis Capital
UBS
Wells Fargo
Work highlights
- Acted for Société Générale in an appeal against a judgment which found that it had wrongly maintained freezing orders against a Turkish counter-party between 2008 and 2016, a claim that arose out of the misappropriation of approximately $500m of gold by the Turkish counter-party.
Pallas Partners LLP
Experienced in cross-border and transatlantic banking litigation, Pallas Partners LLP is well positioned to represent a growing roster of international clients, including financial institutions and alternative capital providers. Natasha Harrison leads, representing a range of financial institutions, from hedge funds and investment banks to money managers. ‘Strong banking litigator‘ Fiona Huntriss leads on cross-border disputes, from distressed debt investments, sovereign debt, and bank wind-downs, to securitisations and complex financial arrangements. Tracey Dovaston boasts ‘specialist knowledge and hands-on experience’, with an active fraud and financial crime practice, and she often represents financial services clients in investigations. Neil Pigott demonstrates particular prowess in contentious restructuring and insolvency matters, along with Nick Turvey. Rekha Rogers plays an active role in the team. Susana Cao Miranda joined the firm in June 2024.
Practice head(s):
Natasha Harrison
Other key lawyers:
Fiona Huntriss; Tracey Dovaston; Neil Pigott; Susana Cao Miranda; Nick Turvey; Rekha Rogers; Matt Getz
Testimonials
‘Fiona Huntriss – a very strong banking litigator – mainly claimant side – fearless and inventive in very tough cases. She gives the kind of reassurance that clients need in high value and very complex cases. A real star partner at Pallas.’
‘Nick Turvey provides solid advice. Natasha Harrison is very experienced and client focused.’
‘Fiona Huntriss is an outstanding partner with a unique ability to take her comprehensive knowledge of complex litigation matters and distill that down to a level that clients understand. Combined with her a calm and engaging manner, she is able to confidently fulfill the role of trusted adviser.’
‘Tracey Dovaston (Partner): As well as being a thoroughly decent and lovely person to work with, Tracey exemplifies why Pallas is so good. Her specialist knowledge and hands-on experience in banking disputes makes her a go-to for that work. Judgement you can trust from someone who has ‘been there, done that’ is what brought us to her.’
‘The truly brilliant Natasha Harrison – a powerhouse. Formidable, brilliant, hardworking and talented. Fiona Huntriss – an excellent lawyer.’
‘Fiona Huntriss – depth of legal knowledge and process of litigation, communication skills.’
‘Excellent positioning as a new law firm, wide ranging participation in industry events, deep experience in complex litigation, wonderful gender diversity and championing of minorities.’
‘Natasha Harrison and Fiona Huntriss are two of the most brilliant litigators I have had the pleasure of working with. Class act!’
Key clients
Two large groups of Credit Suisse AT1 holders
Vanguard
Invesco
Lloyds Bank (through Scottish Widows)
Fidelity
The Baupost Group
VR Capital
Farallon Capital
Moza Banco
Barry Maloney
Strand Hanson Limited
Unsecured Creditors of Orpea
Parsdome Holdings
Liquidators of Farfetch Limited
CS Asia Opportunities Master Fund
Luc Despins
LMR Partners
Kyma
Fir Tree
Work highlights
- Acting for two large groups of Credit Suisse AT1 holders in proceedings against FINMA, the Swiss financial regulator, following the purported write down of the Credit Suisse AT1s in March 2023.
- Acting as lead counsel for a large group of institutional investors in a securities/ESG litigation, involving a £2bn-plus claim against Glencore and others under Section 90 of the Financial Services & Markets Act 2000 (FSMA).
- Representing Baupost as claimant on a £150m property investment claim in the English Commercial Court against DPK Management (DPK).
Quinn Emanuel Urquhart & Sullivan, LLP
Quinn Emanuel Urquhart & Sullivan, LLP remains a go-to firm on the claimant side, active in the full range of banking and finance litigation, including financial products disputes, lender-liability actions, suits by loan participants, and fraud and mis-selling claims. Multi-jurisdictional matters are another area of expertise, as well as group litigation, such as bondholder disputes. ‘Outstanding litigator‘ Richard East leads the team and he is ably supported by Matthew Bunting, who acts for a diverse range of financial institutions, corporates, and high-net-worth individuals, demonstrating particular expertise in disputes with both UK and US aspects. Khaled Khatoun is experienced in acting against banks and brings to the team particular expertise in fraud claims. Yasseen Gailani plays a leading role in litigation, from financial products disputes and sanctions cases to investor-state disputes. Leo Kitchen has experience on both the claimant and defendant side and has a particular focus on civil fraud and derivatives disputes. Karabeth Ovenden is another name to note.
Practice head(s):
Richard East
Other key lawyers:
Matthew Bunting; Khaled Khatoun; Yasseen Gailani; Leo Kitchen; Karabeth Ovenden; Daniel Freund; Will Bartlett; Neza Leroy; Kate Vernon
Testimonials
‘Quinn Emanuel are simply the best litigators in the London market, no debate. An outstanding litigation team, oozing quality from top to bottom. Clients love them, opponents fear and envy them. They are the litigation team you want on your side in a scrap.’
‘One of the few top end litigation firms willing to take on banks, they can handle anything from Eurobond disputes on the international plane to banking disputes in Abu Dhabi involving Islamic banking principles. Simply superb.’
‘Richard East is the number one outstanding litigator in the London market. His commitment to achieving the best possible outcomes for his clients is fearsome – a wonder to behold.’
‘Richard East can handle everything from disputes concerning Islamic finance to Curacao banking regulation. A fabulous litigator and a legend in his own lifetime.’
Key clients
Ukraine (represented by the Minister of Finance of Ukraine acting upon the instructions of the Cabinet of Ministers of Ukraine)
Federal Insurance Deposit Corporation
Fiesta Resorts and Hotels SL
Ad-Hoc Group of Bondholders
SoftBank Vision Funds
The Joint Administrators of NMC Healthcare LTD (in administration) (subject to deed of company arrangement) and other NMC Group Companies
AXA France IARD S.A.
AXA France VIE S.A.
John Deuss
Fitzwalter Capital
VietJet
Liquidators of Saad Investments Company Limited
AerCap
M1 Limited
M1 Capital Investments Limited
Viva Wallet
Credit Suisse AT1 litigation
Cimolai S.p.A.
RPC
As a prominent conflict-free firm, RPC represents a diverse clientele of sovereign states, foreign regional banks, asset managers, and high-net-worth individuals. Its broad disputes practice spans debt and equity markets, funds, and structured products, as well as sanctions, crypto, and fraud cases. Contentious restructuring and insolvency matters are another focal point for the ‘top-notch’ group. Tom Hibbert is the firm’s global head of commercial disputes, while Simon Hart leads the banking and financial services disputes team, with particular expertise in contentious restructurings and fraud and asset tracing litigation. Jonathan Cary excels in disputes against large financial institutions and has developed a specialism in crypto disputes. Alan Williams and Chris Ross play key roles in financial disputes with cross-border elements. Jake Hardy is active in disputes related to financial products, fund investments, and trade and asset finance.
Practice head(s):
Simon Hart
Other key lawyers:
Tom Hibbert; Jonathan Cary; Alan Williams; Chris Ross; Jake Hardy; Charlotte Henschen; Alexandra Shearer; Nadia Asfour; Daniel Hemming; Charlotte Henschen; Davina Given; Emma West; Christopher Wheatley
Testimonials
‘Simon Hart – a brilliant banking litigator. Utterly calm in the most difficult situations and able to lead a client through very heavy litigation to a successful outcome. Real foresight as to how the other side and the judge will act. A go to claimant side banking litigator.’
‘Tom Hibbert and Jake Hardy bring vast amounts of experience and gravitas to every situation. They are both heavily into the detail and highly strategic at the same time, which is a rare combination. Emma West and Christopher Wheatley are fantastic associates. Incredibly clever, very pleasant to work with. The clients clearly love them.’
‘The RPC teams acts for and against banks. They are one of the few top-notch teams that does that. They handle litigation across the whole value range (from the very biggest claims in billions of USD to small claims). They are also a joy to work with.’
‘Tom Hibbert (Partner) – enormously experienced, technically excellent, full of strategic and legal wisdom. There is no-one quite like Tom. Jake Hardy (Partner) – tough and pugnacious, unflappable, technically excellent. Emma West (Senior Associate) – also tough, unflappable, technically excellent, great drafting skills, supremely efficient.’
‘Simon Hart – utterly brilliant partner who is hands-on, great with clients, a strategic thinker and reassuringly sensible in his advice. Alan Williams – very clever, well versed in the law and good at thinking ahead. Alexandra Shearer – future superstar of commercial litigation; she is a very strong pair of hands who is very capable of handling very complex litigation intelligently and sensibly. Nadia Asfour – an up-and-coming associate who is clever, hardworking and charming to deal with.’
‘Tom Hibbert is a superb leader of the team. He inspires confidence in any case in which he is involved. Alan Williams and Daniel Hemming are the two stand-out younger partners. Alan has drive and enthusiasm. Daniel combines a fantastic understanding of the detail, coupled with commercial common sense and practicality. I would highly recommend both.’
‘Charlotte Henschen is an absolute pleasure to work with. A real team player and a response collaborator. She is truly an exceptional lawyer – not just very clever, but clear headed and strategic. She understands people and she understands business. She provides that all important bridge between what a client needs, and what a court might be prepared to give.’
‘Jonathan Cary is a very senior and experienced banking litigator. Davina Given is extremely clever, always on top of the detail, sensible and completely charming with it. Daniel Hemming is highly analytical and calm under pressure. Clients love Alan Williams. He always goes the extra mile.’
Key clients
Loreley Financing (Jersey) No 30 Limited
Frasers Group
Siam Commercial Bank Public Company Limited
Adderstone Group Limited
Premia UK Holdings
Essar entities
IIFL Wealth
K1 Chambers LLP
Utmost International Isle of Man Limited
Utmost PanEurope DAC
UniCredit Bank AG
Work highlights
- Defended one of Thailand’s largest banks successfully in a fraud and conspiracy claim with a pleaded value of $2-3bn following a 19-week trial in the Commercial Court.
- Representing Frasers Group in a claim against Morgan Stanley for the losses occasioned by moving derivatives, post close-out, as well as loss of profits that would have been earned from continued trading of the derivatives had the client not been forced to move its positions away from the financial institutions.
- Advised Loreley 30 on the credit quality of the Collateralised Debt Obligation from Credit Suisse which was said to be tainted by the residential mortgage-backed securities misconduct.
Simmons & Simmons
Cross-border disputes and investigations constitute a core part of Simmons & Simmons’ specialised financial markets disputes practice. Its ‘comprehensive expertise’ also spans emerging issues in the market, such as ESG and digital assets disputes. Practice head Caroline Hunter-Yeats is an ‘excellent strategic thinker’, bringing her expertise in bet-the-bank and private banking disputes to the team. Robert Turner heads the firm’s asset management and investment funds practice and contentious asset management team. Robert Allen represents high-street, private, and global banks in disputes from breach of confidence claims to PPI and Quincecare litigation. Alexander Thavenot specialises in contentious insolvency matters, as well as asset recovery and enforcement, and ‘star partner’ Adam Brown is active in civil fraud and market misconduct claims and derivatives and commodities litigation. Ed Crosse focuses his practice on corruption and civil fraud, while Elizabeth Davison boasts an active contentious risk advisory practice. Richard Bunce has now retired.
Practice head(s):
Patrick Boylan; Caroline Hunter-Yeats
Other key lawyers:
Robert Turner; Robert Allen; Ed Crosse; Alexander Thavenot; Adam Brown; Elizabeth Davison; Douglas Robinson; James Voos; Craig Gilchrist
Testimonials
‘Caroline Hunter-Yeats is very approachable and user friendly. Excellent strategic thinker and thorough in her approach to all aspects of assisting the client.’
‘Simmons & Simmons’ Financial Institutions litigation team is renowned for its comprehensive expertise in high-value, cross-border disputes and investigations. With a client roster that spans traditional banking entities to cutting-edge fintechs and cryptocurrency exchanges, the team is adept at handling strategically critical matters that demand vigorous representation.’
‘Robert Turner is a leading figure in contentious asset management, advising on multimillion, cross-border matters. Ed Crosse, with nearly 30 years of experience, is highly respected for his handling of complex financial and contentious regulatory matters. Caroline Hunter-Yeats, leading the banking litigation team, is an expert in strategic disputes. Robert Allen, a specialist in retail finance disputes and ESG litigation. Alexander Thavenot is noted for his work on cross-border asset recovery and enforcement.’
‘Adam Brown is a star partner, who is destined to go far.’
‘Simmons & Simmons has a depth of experience and knowledge about dispute resolution in the financial sector which is rarely found in a single firm. Partner Robert Turner has over 25 years advising investment funds on all aspects of their business from regulatory compliance, internal governance to defending claims brought by investors.’
‘Robert Turner has over 25 years’ experience of advising on and acting in disputes concerning the management of investment funds and claims against investment banks. His experience is second to none in the City. Robert Allen is the trusted go to partner on disputes arising out of retail banking, in particular PPI. Adam Brown is an up-and-coming partner who is involved in big ticket cases.’
‘The team is truly partner-led with full partner engagement and ownership of the dispute. Simmons are truly collaborative in the way that they work, both with the counsel team and foreign lawyers. Simmons teams are generally diverse in gender and expertise – bringing together a variety of skills to meet the challenges of a given case.’
‘Ed Crosse is a great strategist and beloved of clients. Alexander Thavenot is endlessly creative and agile in his legal thinking.’
Key clients
Macquarie Bank Europe
EFG Bank AG
Work highlights
- Acted for EFG Bank AG as one of approximately 37 defendants in a claim of over $800m brought by The Public Institution for Social Security of Kuwait in the Commercial Court.
- Representing Macquarie in seeking approximately $50m damages from Cimolai S.p.A in a claim arising from foreign exchange derivative contracts on which Cimolai defaulted.
Stewarts Law LLP
Representing financial institutions, companies, multi-national corporations, and high-net-worth individuals, Stewarts Law LLP’s ‘dynamic’ banking litigation team advises on disputes related to financial instruments and structures. In addition to its strength in claimant work, the group is also seeing an increase in defence instructions, particularly acting for foreign banks. Lucy Ward and Mo Bhaskaran took over from Clive Zietman, who retired in May 2024, as practice co-heads in April 2023. Keith Thomas is an expert in securities litigation and experienced in advising on shareholder claims. Alex Jay leads the firm’s insolvency and asset recovery team and Elaina Bailes is active, including in offshore jurisdictions, fraud and asset recovery, and financial services and securities litigation. Laura Jenkins’ clientele ranges from individuals to corporations, while Sophie Lalor-Harbord has experience acting both for and against banks.
Practice head(s):
Mo Bhaskaran; Lucy Ward
Other key lawyers:
Keith Thomas; Alex Jay; Elaina Bailes; Laura Jenkins; Sophie Lalor-Harbord; Tom Otter; Harry Spendlove
Testimonials
‘I have been instructed by Stewarts in a number of different cases over the last 15+ years. The teams I have worked with have always had good lawyers; they have a good understanding of the relevant legal issues, and a commercial awareness of what can and cannot be achieved. They are one of the most tactically astute firms I have come across. I have recommended them to people on numerous occasions.’
‘Lucy Ward is an excellent technical lawyer, has fantastic judgement, and is a pleasure to work with.’
‘Excellent contacts with banks and other financial services firms, great track record on topics relevant to the matter, very pleasant to deal with, collaborative and team oriented.’
‘Sophie Lalor-Harbord – very well-organised, always on top of things, commercially minded and resolution-oriented. Keith Thomas – very experienced, gives good strategic advice.’
‘Stewarts is well-known for its banking litigation practice, acting both for and against banks. They have genuine and deep industry knowledge.’
‘Sophie Lalor-Harbord is a partner in the prime of her talents. She is superb at the very middle of a case, managing the team while keeping her eye firmly fixed on her client’s commercial objective.’
‘A dynamic team in which the partners and associates work well together. Partners are particularly adept at drawing on the skills of specialist colleagues in other departments (or indeed at firms in other jurisdictions), to deliver sophisticated and well-considered advice.’
‘Sophie Lalor-Harbord – partner – very organised and really excellent at running complex litigation, coordinating input from many different people, and ensuring that the client is properly advised as appropriate, whatever the time pressure she is working under. Good at making strategic decisions in light of complex information. Tom Otter – Senior Associate – diligent and highly intelligent.’
Key clients
Mark McDonald and Hugh Dickson of Grant Thornton acting as the joint liquidators of Stanford International Bank Ltd
Kijani Resources Limited (in liquidation) and Ratio Limited (in liquidation) both acting by their joint liquidators Simon Conway and Edgar Lavarello of PwC
White & Case LLP
Composed of ‘top-notch litigators’, White & Case LLP’s banking litigation team boasts a strong track record acting for financial institutions, including large investment banks. Its multi-disciplinary approach sees the practice advise on disputes stemming from the financial crime and capital markets, as well as the financial restructuring and insolvency and project finance spaces. Practice head Charles Balmain is active in banking disputes both in the UK and offshore jurisdictions, as well as contentious sovereign and corporate debt restructuring and insolvency. Established litigator Lawson Caisley represents financial institutions, insurers, and corporates, while John Rogerson handles disputes arising from company turnaround, insolvency, and fraud and asset recovery. Swati Tripathi boasts an active cross-border litigation practice, with particular expertise in aviation disputes. With a background acting for financial institutions, Raif Hassan was promoted to partner in January 2024.
Practice head(s):
Charles Balmain
Other key lawyers:
Lawson Caisley; John Rogerson; Swati Tripathi; Raif Hassan
Testimonials
‘White & Case recruits excellent lawyers so that the quality of staffing across a matter is dependably high-class.’
‘Swati Tripathi is thriving in partnership and is a go-to pick for commercial clients with a range of disputes. She is brilliant, commercial and has a fantastic instinct as well as intellectual depth.’
‘White & Case are an elite banking litigation team providing high end legal advice and representation for complex litigation, involving the most difficult cases. They adopt a subtle appropriate use of counsel where necessary. Top-notch litigators.’
‘Charles Balmain is a silky smooth litigator with tonnes of experience and an ability to look round corners and strategise the most complicated litigation.’
‘Swati Tripathi has an unparalleled knowledge of the Indian market, with its huge growth potential, and is a sophisticated litigator who is top of her game.’
Key clients
UK Finance
Adler
Greensill Bank AG
The Republic of Mozambique
Baker McKenzie
Drawing on its global reach, Baker McKenzie represents financial institutions from various jurisdictions in high-profile litigation. It also advises its international clientele on regulatory investigations. Hugh Lyons and Jonathan Peddie lead the ‘commercially savvy’ team. Marc Florent demonstrates prowess in multi-party litigation, particularly in relation to structured products and financial derivatives. Praised by clients for his ‘excellent regulatory insights’ and ‘great judgement‘, Philip Annett boasts an active cross-border disputes practice. Mark Banks is an active member of the team., and Pete Chapman left the firm in July 2024.
Practice head(s):
Hugh Lyons; Jonathan Peddie
Other key lawyers:
Marc Florent; Philip Annett; Mark Banks; Jo Redmond
Testimonials
‘Very experienced litigation team that are also a pleasure to deal with. They work collaboratively with us as the client, the counsel team and also other law firms involved in current litigation.’
‘Innovative use of technology includes setting up a multi-lingual meeting between many stakeholders with simultaneous translation, all of which worked very smoothly.’
‘Philip Annett – excellent regulatory insights, drawing on previous secondment experience, and great judgement.’
Key clients
Bank of Baroda
Barclays
BNP Paribas Polska SA
BNP Paribas Trust Corporation
Citi
Metro Bank
Monex Europe Markets Limited
Official Receiver of the Bangkok Bank of Commerce Public Company Limited
RS Fund II
TBC Bank
Work highlights
- Acting for the Bank of Baroda in respect of claims relating to a massive alleged fraud, which is said to have resulted in the collapse of the NMC healthcare group of companies.
- Acted for Citibank in its capacity of Note Security Trustee (on instruction from Credit Suisse as majority noteholder) for several billion dollars of finance provided to the now collapsed Greensill group.
- Acting for BNP Paribas Trust Corporation in connection with a complex bond claim against Uro.
Bryan Cave Leighton Paisner
Working in tandem with the firm’s white-collar, antitrust, and regulatory practices, Bryan Cave Leighton Paisner provides financial institutions with a full-service offering. Multi-party claims are a key focal point for the ‘excellent banking team’, along with litigation related to financial services, capital markets, and regulatory issues. ‘Fantastic partner’ Oran Gelb leads the practice, boasting a wealth of experience representing financial institutions in both litigation and investigations. Market abuse and manipulation are particular areas of expertise for Andrew Tuson, who represents retail and investment banks, trading houses, and corporate clients. Promoted to partner in January 2024, Rhys Corbett excels in multi-party litigation. Joseph Ninan is another key member of the team, along with Joanna Munro.
Practice head(s):
Graham Shear; Oran Gelb
Other key lawyers:
Andrew Tuson; Rhys Corbett; Joseph Ninan; Joanna Munro
Testimonials
‘Andrew Tuson is an exceptional individual who has unrivalled knowledge and experience in this area.’
‘My main experience working with BCLP has been with Andrew Tuson who is very response and always provides pragmatic, considered and commercial advice.’
‘We have been extremely pleased with the level of responsiveness and pragmatism of this team. They provide sound, strategic advice based on a real understanding of our business and the industry. Andrew Tuson is our go-to partner. It is a pleasure to work with him.’
‘BCLP have an excellent banking team with a real depth of sectoral and tactical expertise.’
‘Graham Shear has a mastery of litigation tactics and strategy which is a huge benefit to clients. Oran Gelb is an excellent litigator with a good tactical sense.’
‘BCLP’s banking litigation team is extremely strong, servicing some of the top disputes in London. The partners are very hands-on, and they have been involved in some of the biggest banking disputes e.g. the FX litigation.’
‘Oran Gelb is a fantastic partner – he is a pleasure to work with, switched on and sensible, and a master of the detail.’
‘Oran Gelb–thoughtful, analytical, charming and a pleasure to work with. Calm under extreme pressure. Challenges those around him to think creatively to achieve results for the client. On top of the detail, but also good at running a large team.’
Key clients
BNPP
Morgan Stanley International Limited
Morgan Stanley & Co International plc
BGC Partners
Invesus Group Ltd
Fitch Ratings, Inc
Fitch Rating Limited
Work highlights
- Acting for BGC Partners in respect of large-scale frauds perpetrated on BGC Partners, and its partners, by rogue employees.
- Acting for BNP Paribas in respect of a dispute concerning an alleged complex structured finance transaction whereby the claimant claimed it was owed €1.4bn.
- Defending Morgan Stanley in a high-value damages action brought in the English High Court by 175 institutional investors.
Cleary Gottlieb Steen & Hamilton
Multi-jurisdictional banking matters are a particularly prolific area for Cleary Gottlieb Steen & Hamilton‘s dispute resolution practice. Its ‘top-rate’ team of banking litigators represents international financial institutions, bank investors, and trade associations in swap transactions disputes, benchmark investigations, freezing injunctions, and contentious insolvencies. Practice head James Norris-Jones handles cross-border disputes and multi-jurisdictional proceedings, from shareholder and JV disputes to fraud and market manipulation claims. Jonathan Kelly is a go-to representative in fraud, misrepresentation, and negligence claims, as well as breach of contract and mandate claims, market price issues, and derivatives litigation. Sunil Gadhia has retired from the firm.
Practice head(s):
James Norris-Jones; Jean-Yves Garaud
Other key lawyers:
Jonathan Kelly; James Brady-Banzet; Frances Carpenter; Kieran Rogan
Testimonials
‘Key strengths are: (1) combination of associates with confidence and ability to handle a large and complex dispute with relatively little partner supervision – but highly experienced and strategic partner input when required; (2) ability to work seamlessly across jurisdictions, bringing in advice and expertise from Italian offices and external Italian counsel when required.’
‘Jonathan Kelly (partner). Deep knowledge of banking litigation and in particular of disputes concerning interest rate hedging transactions entered into by Italian municipalities. Frances Carpenter (associate) is extremely hard-working, collaborative and easy to work with.’
‘Extremely strong bench in both London and NY for financial services matters. Very commercial and user friendly.’
‘James Norris-Jones: excellent judgement, all over the detail, robust negotiator.’
‘Excellence in ethics, professionalism and expertise, outstanding customer service.’
‘Cleary is a top-rate banking team, one of the best in the City. They are extremely experienced in all aspects of financial services litigation and are a go-to team for the most complex of disputes.’
‘James Brady-Banzet is one of the young guns of the London banking litigation world. He has great technical knowledge and a sound tactical sense. He will be a star of the future.’
‘James Brady-Banzet – super smart young partner, a star; particularly effective in tactical battles including in relation to disclosure. Kieran Rogan – fantastic senior associate managing cases with great care and skill.’
Key clients
DEXIA Crediop S.p.A.
Natixis
Firth Rixson
GHF Fund
Wafra Inc.
FM Capital Partners Ltd
Fir Tree Capital
Work highlights
- Representing GHF Fund (formerly Abraaj Growth Markets Health Fund) in three parallel litigation claims arising from the collapse of The Abraaj Group, with an aggregate value exceeding $300m.
- Representing DEXIA Crediop S.p.A. in proceedings concerning derivative products in Italy and the UK, successfully obtaining Summary Judgement for Dexia in December 2023
- Representing Natixis in various disputes concerning a commodities financing issue relating to crude oil.
CMS
UK and international banks make up a core part of CMS‘ clientele, and the ‘efficient and timely’ finance disputes team also represents financial institutions and companies in the financial services sector in a range of disputes, often on a cross-border basis. Tom Dane leads the practice, advising a diverse roster of both domestic and international banks and financial institutions. Kushal Gandhi and Vanessa Whitman spearhead the team’s work in the fintech and crypto space. Gandhi also brings to the group experience in arbitration in finance, while Whitman specialises in contentious insolvency matters. Adam Ferris is another active member of the team.
Practice head(s):
Tom Dane
Other key lawyers:
Kushal Gandhi; Vanessa Whitman; Adam Ferris; Rachel Harrison
Testimonials
‘Kushal Gandhi, Vanessa Whitman and Rachel Harrison are all stand outs. They are responsive, crypto aware and keen to see our industry grow. They are also good at horizon scanning and keeping us informed of potential risks.’
‘Highly motivated, innovative and with a friendly approach to the client and hands-on approach to work. The practice is a well-balanced and diverse environment. The team is efficient and timely delivering advice. The ability to work as a team with the client provides excellent results.’
‘Vanessa Whitman is one of the brightest prospects around – there are no limits to how great she can become.’
‘CMS is a fantastic banking disputes firm. They have an excellent breadth of knowledge, backed by outstanding individuals.’
‘Vanessa Whitman (partner) is a real superstar. She has it all. Her drafting is exceptional. Her judgement as to what is and is not important is spot on. Her interpersonal skills, managing a team through the stressful experience of a complex trial, are second-to-none. I really could not recommend her more highly.’
‘Fantastic team and highly recommended in handling complex cross-border insolvency litigation cases.’
‘Tom Dane and Adam Ferris provided invaluable support throughout our recent insolvency case involving assets in multiple jurisdictions. Their deep understanding of international insolvency law and procedures was crucial in navigating the legal complexities of the situation.’
‘Our primary contact is Tom Dane (Partner), and he is absolutely our favorite. He is exceptionally involved in all details and is always on top of issues. He is very approachable and always considers things from a business-friendly perspective. He’s really fun to work with too. I think what sets Tom apart is that he has excellent client-handling skills, and he is a great strategist who is, at the same time, involved in details of the matter.’
Key clients
Allied Irish Banks Plc
Fidelity International
National Australia Bank
Ferrari Financial Services GmbH
Willis Towers Watson
Access Bank UK
Coinbase
Morgan Stanley
Bunq
C Hoare & Co
Work highlights
- Acted for Allied Irish Banks Plc in the successful defence of a long-running, reputation-critical, £300m claim, which was dismissed in full following a 6-week Commercial Court trial in the summer of 2023.
Cooke, Young & Keidan LLP
Conflict-free boutique Cooke, Young & Keidan LLP excels in litigation against banks and financial institutions. The firm has also noticed a recent influx of mandates from overseas banks. Specialising in commercial disputes within the finance sector, Sinead O’Callaghan advises a diverse roster of clients, from high-net-worth individuals to UK FTSE 100 companies to international corporates. Stephen Elam is an expert in financial services litigation, bringing in-house experience to the team, and ‘exceptional tactician’ Jon Felce is regularly called upon by clients from Russia and the CIS region. Lydia Danon and Sam Roberts are other names to note, and Rosie Wild was promoted to the partnership in April 2023. Kajal Patel also boasts a broad banking disputes practice.
Other key lawyers:
Sinead O’Callaghan; Stephen Elam; Jon Felce; Lydia Danon; Sam Roberts; Rosie Wild; Kajal Patel; Natalie Todd; Mikhail Vishnyakov
Testimonials
‘Sam Roberts – the man is a genius, particularly in respect of crypto disputes. He’s also a lot a fun and is very easy-going.’
‘Jon Felce is a highly cerebral litigator who knows the law inside out. Natalie Todd is a brilliant leader who knows how to get results for clients.’
‘Jon Felce, Natalie Todd and Mikhail Vishnyakov are excellent and experienced litigators with particular experience of disputes involving Russia and the former CIS states.’
‘Stephen Elam, Sinead O’Callaghan, Natalie Todd, Jon Felce and Sam Roberts are hungry, tenacious, technically gifted and commercial sensitive. Rosie Wild standouts, too.’
‘The team provides a very high standard of service, with significant levels of partner input.’
‘Stephen Elam (partner) – knows the financial services industry extremely well, is intelligent and very sensible, and is very alert to clients’ commercial interests. Kajal Patel (associate) – very intelligent, tough and client-focused.’
‘Sinead O’Callaghan and Lydia Danon are the exceptional standout lawyers! First class!’
‘Jon Felce is an exceptional tactician and fraud litigator who can see angles and approaches that others would miss; Natalie Todd is absolutely someone to watch – she is in high demand from clients and held in high regard by her peers. Rosie Wild is absolutely a name to watch – I have worked with her since she was a junior associate, when she was trusted by the leading partner to run the matter on a day-to-day basis. She is an exceptional leader, with a wealth and depth of litigation expertise of a much more seasoned litigator.’
Key clients
ThinkMarkets
JNFX Limited
Daniel and Toby Ward
Kai Midgley
Kemnal Investments Ltd
Giovanni Rollino
Fantasia Holdings Group
Tether Holdings Limited
Work highlights
- Acted for ThinkMarkets group companies in Commercial Court proceedings, brought by IS Prime Limited, which claims that ThinkMarkets executed FX, swap, and other trades elsewhere in breach of an obligation to trade exclusively with IS Prime.
- Advised Fantasia Holdings Group Co., Limited, which missed a $206m bond repayment and filed a notice with the Stock Exchange indicating it was unable to do so.
- Advising Russian bank National Bank Trust on various significant matters arising from the consolidation of bad debts from other Russian banks.
Dentons
Dentons‘ team of ‘hugely experienced and trusted’ specialist banking litigators provides clients with both litigation and regulatory support. The group’s broad expertise spans derivatives and ISDA interpretation disputes, agency and trustee issues, and securities litigation. Felicity Ewing is head of the financial markets litigation team and enjoys a growing reputation in the group litigation space. Thomas Leyland is a key contact, specialising in financial services disputes. Active in fintech disputes, Craig Neilson is adept at handling disputes involving payments and cryptocurrencies. Tom Hanson represents a range of financial institutions and acts for defendants in group litigation.
Practice head(s):
Felicity Ewing; Louisa Caswell
Other key lawyers:
Thomas Leyland; Craig Neilson; Tom Hanson
Testimonials
‘The Dentons banking litigation team is hugely experienced and trusted, with wide-ranging experiences and expertise across the whole banking spectrum. Teams tend to be small and close knit and well managed, with a very strong sense of collaboration and integration with the counsel team.’
‘Dentons have for a number of years been at the forefront of key disputes in the banking sector, with key roles in interest rate mis-selling, GRG and LIBOR manipulation. The quality is excellent.’
‘The Dentons banking litigation team is aways a joy to work with; they are always calm and good humoured and provide real reassurance to the clients. In the latest case I worked with them the team was led by Felicity Ewing with stand-out associate Tom Hanson as the lead associate. I saw first-hand how well Felicity and Tom understood the client and what it needed and wanted very effectively and could get themselves into the mindset of the client.’
‘A stand-out partner here is Thomas Leyland, with whom I have worked for many years. He is unflappable, very thoughtful and strategic, and focuses on what matters. His experience is wide-ranging, from IT disputes for African banks to complex derivatives products sold by UK banks. He is someone I would often (and have!) recommend as a very safe pair of hands.’
‘The team has an exceptional work ethic and a very strong grasp of the commercial realities of a situation (not just the legal position).’
‘I rate both Felicity Ewing and Tom Hanson very strongly. They are easy to work with but know how to get the job done. Dentons also provides excellent support, and all of its lawyers are first class.’
‘Dentons are strong on banking litigation, focused on retail claims rather than institutional claims.’
‘Tom Hanson is a very good senior associate with excellent client skills and a pleasure to work with.’
Key clients
Capita
Currency Index Limited
DEPFA Bank
Dye & Durham Corporation
Financial Conduct Authority
Financial Services Compensation Scheme
HSBC
JSC TBC Bank
Lek Securities UK Limited
Liontrust Asset Management
Morgan Stanley
NatWest
UBS
Work highlights
- Representing the Financial Conduct Authority in a judicial review brought by the All-Party Parliamentary Group on Fair Business Banking a cross-party collection of 117 MPs.
- Acting for a major retail bank and a number of its subsidiaries in its defence of a claim by approximately 200 mortgage customers who are challenging the fairness of a mortgage product under the unfair relationships provisions of the Consumer Credit Act.
DLA Piper
Class actions have been a recent focal area for DLA Piper and the team is adept at representing financial institutions in these claims. The practice has also seen an influx of fintech clients, as well as an uptick in hedge fund and private equity disputes. Adam Ibrahim leads the team alongside ‘savvy and conscientious litigator’ Sohail Ali, who boasts an impressive roster of investment, commercial and retail banks, funds, and fintechs, and Jeremy Sher, who co-heads the firm’s class actions practice and advises financial services clients on mass claims. Jamie Curle is another name to note, along with Chris Harvey and Tom Laidler. Dan Jewell is praised as ‘experienced, meticulous, effective’ and Leontia McArdle is an active member of the team.
Practice head(s):
Adam Ibrahim; Sohail Ali; Jeremy Sher
Other key lawyers:
Jean-Pierre Douglas-Henry; Jamie Curle; Chris Harvey; Tom Laidler; Dan Jewell; Leontia McArdle; Stewart Plant; Claire Clayton-Stead; James Carter; Shabaz Ahmed; Nadya Rouben; Benjamin Fellows
Testimonials
‘Jamie Curle (Partner) – very experienced, pragmatic, strategic, clear-sighted, a pleasure to work with. Just an excellent pair of hands. Dan Jewell (just below Partner level) – also very experienced, meticulous, effective.’
‘Sohail Ali is a savvy and conscientious litigator. Shabaz Ahmed is one of the standout associates in the group.’
‘Sohail Ali and Claire Clayton-Stead are superstar junior partners in the banking litigation space – ones to watch.’
‘Jean-Pierre Douglas-Henry is one of the most experienced litigators in London. Chris Harvey is a safe pair of hands.’
‘Benjamin Fellows is outstanding. He is always keen to find a practical solution to extremely technical issues. A real strategist that is obviously going far in the firm. Stewart Plant is superb. He manages to guide his clients through difficult cases with consummate ease. Both are star players and deserve much recognition.’
‘James Carter (partner) is an inspirational team leader who gets the most out of his associates and manages the client very effectively. Tom Laidler (partner) is a junior partner who has a great eye for detail, without losing sight of the bigger picture. Nadya Rouben (senior associate) is an absolute powerhouse. She is completely across the legal and factual issues, making her indispensable on the team.’
‘James Carter is great with clients and good at steering the tactics and strategy of a case. Tom Laidler is an excellent partner, with a great command of the detail and a good tactical sense.’
‘Jeremy Sher – very responsive and good dealing with clients. Tom Laidler – good at overall strategic vision whilst also being happy to engage in the detail of a case.’
Key clients
Atlas Mara Limited
African Banking Corporation Zambia Limited
Astra Asset Management UK Limited
Binance
Deutsche Bank
NatWest Markets PLC
NatWest Markets N.V.
Virgin Money
Project Lietzenburger Strasse Holdco S.à.r.l
GLAS Trust Corporation Limited
Global Loans Agency Services Limited
Work highlights
- Defended Clydesdale Bank Plc, and its former parent company National Australia Bank Limited, against over £400m of claims of dishonesty going back some 25 years made against 15 Clydesdale and NAB employees in relation to an entitlement to charge fixed rate loan break costs and the pricing methodology of the relevant loans.
- Defended claims of approximately £200m brought against Bob Diamond’s Atlas Mara bank, concerning acquisitions of banks in Africa.
- Acting for NatWest Markets PLC and NatWest Markets N.V. in CPR Part 8 proceedings against CMIS Nederland B.V. and CMIS Investments B.V., relating to CMIS’ liability under seven deeds of indemnity granted by it to NatWest.
Enyo Law LLP
Acting for and against banks, both retail and investment, and financial institutions, Enyo Law LLP is well-established as a conflict-free firm. Often on a cross-border basis, the team of ‘exceptionally high-quality lawyers’ also represents sovereign wealth, hedge, and private equity funds. As well as banks, practice co-head Edward Allen advises sovereign states, state institutions, corporations, and high-net-worth individuals. He leads the team alongside ‘strong technical lawyer‘ Nick Jones. Jamie Leader focuses on contentious restructuring and insolvency matters, and ‘star' Andy McGregor joined the firm from A&O Shearman in October 2023 to bolster the team’s expertise in fraud, professional negligence, and mis-selling claims. Deborah Tillett is active in cross-border disputes involving banks and financial institutions.
Practice head(s):
Edward Allen; Nick Jones
Other key lawyers:
George Maling; Jamie Leader; Andy McGregor; Deborah Tillett; Jonathan Pagan; Matt Marshall; Katie Marquet-Horwood; Jonathan Brook; Xenia Kalognomas; Konrad Rodgers; Chris Boswell; Bruno Bainsfair; Liam Baum; Lucinda Orr; Timothy Bowles
Testimonials
‘Enyo are one of the best boutique firms. They have exceptionally high-quality lawyers, who really “get” litigation. Andy McGregor is a star.’
‘Edward Allen is the best solicitor I have worked with. Strategic, intelligent, brilliant at managing clients and presenting them with clear, commercial advice. He is a market leader. Jonathan Pagan has been a brilliant addition to the firm and offers clear strategic guidance and intellectual depth.’
‘Enyo is one of the very best firms I have worked with – their clients are fortunate to be represented by them. I would highlight in particular Jonathan Brook, Katie Marquet-Horwood and Xenia Kalognomas, who are absolutely outstanding.’
‘Quite simply Andy McGregor and his team are just better than previous firms used, in terms of ability, strategy, communication and speed of response. Stand-out Partners: Andy McGregor, Konrad Rodgers. Stand-out Associates: Chris Boswell, Bruno Bainsfair, Liam Baum.’
‘Jamie Leader and Deborah Tillett are incredibly well versed in the banking sector. They have an in-depth knowledge of the products in question, have incredibly high energy and are always receptive in short order to communications, whether by phone or email. They are a joy to work with – collaborative and hard working.’
‘George Maling–larger than life Senior Partner. Full of energy, irreverent, funny and highly effective litigator. Nick Jones–clever, experienced beyond his years and personable. A strong technical lawyer who also has the trust of the client. Matt Marshall– star recent addition to the partnership. Unassuming, highly-competent. Under-estimate at your peril. User-friendly to a fault.’
‘Matt Marshall, Nick Jones, Lucinda Orr, Katie Marquet-Horwood, George Maling, Edward Allen, Xenia Kalognomas and Timothy Bowles. All excpetional, easy to deal with and great team members.’
‘Edward Allen is focused, approachable and pragmatic. Jonathan Pagan drives cases forward with good humour and a sense of the bigger picture.’
Key clients
Gennadiy Bogolyubov
United Bank for Africa PLC
Banco Internacional de Moçambique
Boris, Dmitry, Alexander and Igor Mints
The Trustees in Bankruptcy of Wang Liangping – FTI International
Macdonald Hotels Limited
Mountain Ash Portfolio Limited
The Joint Liquidators of Allied Wallet Limited
Dr. Michael Frege, of CMS Hasche Sigle, in his capacity as Administrator of Greensill Bank AG and GBAG
Marc de Picciotto
The joint liquidators of Alexander David Securities Limited
Work highlights
- Representing Banco Internacional de Moçambique and United Bank for Africa in their claims against Credit Suisse, in connection with the arrangement by Credit Suisse (with VTB Capital and others) of $2bn in financing for the Republic of Mozambique (the “tuna bonds” scandal).
- Defending four of eight defendants in the $950m claim brought by two Russian State banks, PJSC National Bank Trust and PJSC Otkritie Financial Corporation, which is currently on appeal to the Supreme Court involving three transactions in which it is said that the clients conspired with the then senior management teams of Bank Otkritie and Rost Bank to replace approximately $950m of loans with corporate bonds.
- Advising Macdonald Hotels Limited in an approximately £120m dispute against Lloyds Banking Group arising from the conduct of the bank and, in particular, its ‘Business Support Unit’, in the immediate aftermath of the 2009 financial crisis.
Eversheds Sutherland (International) LLP
Eversheds Sutherland (International) LLP‘s ‘outstanding’ banking litigation practice spans the range of financial services disputes, from mis-selling and Quincecare claims to asset recovery and insolvency matters, to derivatives and structured products disputes. Chris Busby leads the firm’s UK practice, while David Flack heads the banking litigation team in London, representing financial institutions in wholesale and financial instrument disputes. James Southworth represents investment, corporate, and retail banks in the London team, while also leading the financial services litigation, investigations, and contentious regulatory team in the North of England. Martin Ward leads the West Midlands practice, Sarah Langham the East Midlands team, and Gareth Vowles the Cardiff group. Kari McCormick is regularly called on by accountancy firms, while Mark Cooper boasts extensive experience advising private banks and wealth managers.
Practice head(s):
Chris Busby; David Flack; James Southworth; Martin Ward; Sarah Langham; Gareth Vowles
Other key lawyers:
Kari McCormick; Mark Cooper; Jennifer Miles; Tom Black; Victoria Savage; James Coleman; Wayne Davies; Jeremy Fowler; Oliver Shipway; Tom Parry; Victoria Rogers; Amanda Rowley; Richard Bacon; Nick Barnard; David Gray; Connor Atkinson; Sarah Grendon
Testimonials
‘The team is first rate. In particular it leverages Eversheds’ presence around the UK to provide this excellent service in the most efficient way. It is also able to draw on expertise in other specialist areas, such as insolvency and restructuring, which frequently arise in banking litigation cases.’
‘Mark Cooper (Partner) is a top quality, hands on litigator with a keen eye for bigger strategic picture as well as the detail. He provides an excellent interface between the client and the wider legal team which he runs with skill and confidence.’
‘David Gray and Connor Atkinson have been excellent, having been involved in the sale of an asset for a long-standing case and David is also now involved in an ongoing dispute. It is speed of response, commerciality and advising the Bank in simple language rather than legal jargon.’
‘Jennifer Miles (Partner): She’s as good a litigator as you’ll ever come across. She’s on top of the detail while having a superb sense of the bigger picture; she knows exactly where the weaknesses in an opponent’s case lie, and knows how best to exploit them; she’s highly intelligent; and she’s a superb team-leader. Absolutely top quality.’
‘Jennifer Miles and David Flack are the standout individuals.’
‘The Eversheds team is outstanding. They have put together a team with strengths at different levels, providing necessary experience and know how. The partner, David Flack, shows leadership while allowing the associates to undertake the more detailed time-consuming work which is done to a very high level. They are also delightful to work with.’
‘Eversheds continue to offer an outstanding Banking Litigation service, with a team of highly experienced banking experts. On the retail and consumer finance side they are pre-eminent in their field.’
‘Chris Busby: Chris, as UK Head of Financial Disputes, unmistakably sets the tone in the Eversheds Team. With over 25 years’ experience, he is immensely knowledgeable and immensely likeable. He has invaluable experience in mass claims and group actions, and in handling FOS complaints and CMCs conduct, arising out of the recent waves of banking & consumer finance litigation.’
Key clients
HSBC
Dubai Islamic Bank PJSC
Noor Bank PJSC
MotoNovo
JB Drax Honore (DIFC) Limited
Global Energy Horizons Corporation
Work highlights
- Acted for HSBC since 2014 in connection with a claim brought by the liquidators of Stanford International Bank, an Antigua-based bank that was used as a vehicle for a US$7bn Ponzi-scheme fraud by Allen Stanford.
- Advising Doha Bank in relation to several group claims brought by, in combination, approximately 400 unnamed Syrian citizens who now reside in Europe and the USA.
- Advising Dubai Islamic Bank out of one the biggest accounting frauds in recent years, causing one of the UAE’s largest healthcare providers to become insolvent during the pandemic.
Hausfeld & Co LLP
Hausfeld & Co LLP has a strong background acting against large banks and financial institutions, including in group actions. The ‘fearless’ team is also adept at handling disputes related to loan financing, derivatives transactions and banking misconduct claims. Lucy Pert plays a lead role in key disputes, including a high-profile LIBOR manipulation claim along with Simon Bishop, who also brings in-house expertise in derivatives and structured products. Clients praise David Lawne for his ‘exceptional legal prowess, strategic acumen, and steadfast dedication’. Ned Beale also boasts a strong track record in banking disputes, including in the retail banking sphere. Former practice head John McElroy left to join Fieldfisher in July 2024.
Practice head(s):
Lucy Pert; Ned Beale
Other key lawyers:
Lianne Craig; Simon Bishop; David Lawne; Anthony Maton; Chrysanthi Bampali
Testimonials
‘I worked with a Partner (Simon Bishop) and an Associate (Chrysanthi Bampali) at Hausfeld. They were both brilliant. There were times when I needed to listen to their advice, which was given professionally, courteously and in a simple but effective way.’
‘Hausfeld is fearless in taking on the establishment in difficult and interesting cases. They fight extremely hard for their clients and have a unique ability to find a way through the trickiest of cases to achieve great outcomes. They are also a pleasure to work with and take a collaborative approach to a case, working closely with experts and counsel.’
‘Simon Bishop: technically brilliant and a great strategic brain – he is simultaneously on top of every detail of the case and also has an excellent understanding of the big picture and how the case is likely to play out. Has a skill for identifying and leveraging the other side’s weaknesses. He is also a real pleasure to work with.’
‘Hausfeld & Co LLP’s Banking Litigation: Investment and Retail Practice distinguishes itself through its unwavering dedication to representing clients in complex and high-stakes banking disputes. Potential clients would be drawn to the team’s strengths in navigating the intricacies of investment and retail banking law, supported by a deep bench of experienced litigators and industry experts.’
‘David Lawne shines for his exceptional legal prowess, strategic acumen, and steadfast dedication to achieving favourable outcomes for clients. What distinguishes him from his peers is his profound expertise in banking law and his knack for crafting innovative legal strategies tailored to the specific nuances of each case.’
‘Hausfeld has an unparalleled understanding of claimant-side competition litigation. They are commercially and strategically astute.’
‘Anthony Maton – a star. He is a real class act. He understands exactly what is happening in any case but has a professional level of circumspection and detachment when things don’t work out perfectly. David Lawne – a delight to work with. I enjoy working with David immensely, since I can just pick up the phone and chat things through with him.’
‘Ned Beale, Lucy Pert and Anthony Maton – the best in the market.’
Key clients
Mr Phillip Evans, former Inquiry Chair at the Competition and Markets Authority
Mr Ardeshir Naghshineh
Mr Alaistair Rush
All Party Parliamentary Group on Fair Business Banking
Work highlights
- Representing Philip Evans in a collective action following the manipulation of the FX market by 6 major global banks: in November 2023, the Court of Appeal overturned the Tribunal’s decision, finding that the claims should proceed on an opt-out basis and confirming its decision to grant carriage to Mr Evans.
- Advising Ardeshir Naghshineh on a high-profile LIBOR manipulation claim against a well-known commercial bank, in relation to his property portfolio which was worth over £1bn at its peak in 2007, claiming damages for misrepresentation in respect of certain loans and interest rate hedging instruments agreed with Leading Bank plc in 2007 and 2008.
- Representing the All Parliamentary Party Group on Fair Business Banking in its application to judicially review the Financial Conduct Authority’s decision not to act following the outcome of the Swift Review published in December 2021; this claim seeks to remedy the denial of justice to thousands of bank customers because of the actions of the FCA.
Macfarlanes LLP
The ‘exceptional’ team at Macfarlanes LLP boasts expertise across the banking and financial services sector, as well as providing an established contentious regulatory offering. Cross-border litigation is a cornerstone of the practice, which often acts for international banks, and it handles global litigation, investigations, regulatory disputes, and prosecutions. Matt McCahearty leads the team and plays a key role in sector-significant disputes, including LIBOR litigation, foreign exchange cases, and money laundering claims. Barry Donnelly excels in international financial litigation, often on a cross-border or even transatlantic basis. Financial services litigator Dan Lavender demonstrates prowess in multi-jurisdictional disputes. Helen Carter focuses her practice on contentious regulatory matters and investigations, along with Laura Bridgewater.
Practice head(s):
Barry Donnelly; Matt McCahearty; Dan Lavender
Other key lawyers:
Helen Carter; Laura Bridgewater; Robyn Harrison; Lauren Roberts
Testimonials
‘Robyn Harrison is an outstanding senior associate.’
‘Exceptional in terms of (1) legal understanding, (2) commercial awareness, (3) ability to get to grips with, manage and address complex issues and demanding circumstances.’
‘We have regularly worked with Matthew McCahearty. He has consistently proved to be extremely attentive and exceptional at understanding complex matters and the legal as well as practical issues associated with such matters. These qualities when combined with a terrific appreciation of our commercial objectives means that he always gives terrific advice and service which is tailored to our specific needs.’
‘Well known team with a very good banking practice.’
‘Matthew McCahearty – a hands-on partner who is very responsive. Lauren Roberts – senior associate, very organised and good at delving into the detail of a case.’
‘An excellent team with strong partner leadership. Very strong commitment to clients.’
‘Matt McCahearty – shows real ability in dealing with the strategic issues that are so crucial.’
‘Barry Donnelly: clear logical advice, calm, nice, very responsive.’
Key clients
The British Bankers’ Association
Thirteen Bitcoin Developers
NatWest
Business Growth Fund
OWH SE i.L.
CFE
Financial Market Standards Board
Work highlights
- Representing 160 banks as members of The British Bankers’ Association in parallel US/UK proceedings relating to an alleged conspiracy to manipulate the US Dollar LIBOR interest rate benchmark.
- Defending NatWest in a series of high-profile competition law cases, including appearing this year in the Court of Appeal in collective proceedings and achieving the settlement of a separate claim brought by Quinn Emanuel on behalf of around 170 investment funds.
- Defended a High Court fraud claim in excess of £40m against growth capital investor, Business Growth Fund, and one of its senior employees.
Norton Rose Fulbright
As well as global investment and retail banks, Norton Rose Fulbright represents fintech clients and wealth and asset management companies in banking disputes, investigations, enforcement, asset tracing, and recovery actions. ‘All round star’ Harriet Jones-Fenleigh advises a diverse list of financial institutions, from funds to corporate trustees, and has developed particular expertise representing banks in fintech and cyber security disputes. James Lockwood excels in the defence of financial institutions in group action litigation and Samson Spanier receives high praise from clients for his ‘excellent and responsive service’. Oliver Jamieson represents financial institutions in commercial litigation and investigations, while Aditya Badami focuses on insolvency disputes. Alison Kellett joined the team from BNP Paribas in August 2023, bringing in-house expertise in banking disputes and investigations. Radford Goodman left the firm in January 2024.
Practice head(s):
Patrick Bourke
Other key lawyers:
Harriet Jones-Fenleigh; James Lockwood; Samson Spanier; Oliver Jamieson; Aditya Badami; Alison Kellett; Katie Stephen; Dominic Stuttaford; Emily Smith
Testimonials
‘James Lockwood merits particular mention – he has an understated approach that is super effective with the Court. Clients understandably love him. Samson Spanier is an experienced counsel – his time at the bar means he has a really good feel from the outset for how to position issues before the Court.’
‘James Lockwood is utterly outstanding and, although a fairly recent partner, has the qualities of the most seasoned of litigators. He’s extremely bright, and an excellent lawyer; he’s has a vice-like grip on the details of the case while never losing sight of the big-picture; he’s tactically astute; and he’s a delight to work with. Clients love him. He’s utterly first-rate.’
‘James Lockwood: outstanding up and coming partner, a star of the future. Katie Stephen: well-established industry-leading expert. Aditya Badami (associate): can run big litigation and no doubt will be a superb partner.’
‘Particular mention for Katie Stephen, who is a banking, regulatory and litigation partner, whose calm and determined manner kept our client on course over a decade-long fallout from a failed investment scheme. Also, Aditya Badami, senior associate and surely on course for partnership soon, who is an up-and-coming Commercial Court litigator, tenacious and able to keep his opponents always on the hop.’
‘I work most closely with Samson Spanier. Samson provides excellent and responsive service and is particularly skilled in collaborating with all parties to arrive at a good solution.’
‘Both Samson Spanier and Harriet Jones-Fenleigh are responsive and commercial in their outlook. They have helped steer us through a very tricky dispute involving multiple challenges which could not have initially been foreseen. Their guidance and support throughout have been super.’
‘Harriet Jones-Fenleigh (partner) – very clever, excellent judgement, all round star.’
‘I have worked with Harriet Jones-Fenleigh (partner) and Samson Spanier (Counsel) and both are knowledgeable, responsive and produce clear, client-friendly advice and communications.’
Key clients
HSBC
Citicorp Trustee Company Ltd
Liberty Industries France Pte Limited
Liberty France Aluminium HoldCo
ING
Standard Chartered Bank
Deutsche Bank
Saxo Bank
Work highlights
- Acting for HSBC in defending two related complex billion-pound and hundred-million-pound group actions fraud claims set for trial commencing 29 January 2024.
- Acting for the claimant companies, members of the Alvance Aluminium business within the GFG Alliance, in High Court proceedings seeking seek damages of up to approximately $850m against Lightship Capital II LLC and Aluminium Dunkerque AcquireCo 2 Limited as part of a battle for ownership and control of one of Europe’s largest aluminium smelters.
- Represented a committee of lender creditors in support of a contested application for an order to grant a scheme of arrangement, which related to a multi-hundred-million dollar restructuring of a group of companies and was part of the first ever parallel use of an English scheme of arrangement and a Dutch restructuring scheme.
Signature Litigation LLP
With a balanced claimant and defendant practice in the banking and finance sector, Signature Litigation LLP is regularly called upon to act in high-profile and high-value litigation. Graham Huntley leads, acting both for and against financial institutions in M&A, JV, shareholder, and regulatory disputes, in addition to public and private investigations. Also bringing extensive experience to the team, ‘excellent litigator’ Abdulali Jiwaji’s broad banking practice spans financial products and mis-selling disputes, complaints and compliance issues, and internal investigations. Becca Hogan and Rory Spillman are key contacts in the team and Alasdair Glass receives high praise from clients.
Practice head(s):
Graham Huntley
Other key lawyers:
Abdulali Jiwaji; Becca Hogan; Rory Spillman; Alasdair Glass; Josh Wong; Paul Brehony
Testimonials
‘Abdulali Jiwaji is pleasant, cooperative and responsive.’
‘Thorough problem analysis, prompt attention and great responsiveness.’
‘Everyone I have dealt with at Signature, from paralegals to partners, has been of top quality. Magic Circle quality without the cost or conflicts.’
‘Abdulali Jiwaji is absolutely and completely unflappable. A great person to have in your corner in a crisis. Also, very sound commercial and litigation instincts. Alasdair Glass is charming and hard working.’
‘An impressive ability to deliver high quality work at speed and under pressure, with shrewd and experienced leadership.’
‘Abdulali Jiwaji and Josh Wong are both excellent litigators – combining shrewd judgement, impressive commitment and a huge amount of charm.’
‘They are a focused litigation boutique. They have a number of very capable litigators. Their size means that they can be responsive. Their focus means that they don’t have conflict issues.’
‘Paul Brehony is a hugely skilled and experienced litigator.’
Key clients
Various Investors in Barclays plc
Privinvest companies and Mr Iskandar Safa
Investors v Standard Chartered plc
Finfloor S.p.A
Tembusu Multi Strategy Fund SPC I, Stern Capital Pte Ltd
Ayoub Farid Michel Saab and Michael Norbert Saab (as administrator of the estate of the late Fadi Michel Saab).
Qatar Islamic Bank (UK) plc
Bugsby Property LLC
The former management team of Wind Energy Holdings Limited
Eclipse film finance partnerships
Newport tax advisers
Timeless and Imagine film partnerships
Work highlights
- Representing Privinvest and Mr Safa in a high-value Commercial Court claim brought by the Republic of Mozambique against Credit Suisse, Privinvest and others, culminating in a multi-party 13-week trial which took place between October and December 2023.
- Representing Investors in Barclays shares (over 130 Claimants, representing over 520 funds) bringing a FSMA s.90A and s.90 case against Barclays for financial mis-selling, with claimed losses in excess of £360m.
- Representing Bugsby Property LLC against Legal & General in a financing claim relating to breach of confidentiality and exclusivity by a lender to reach the English courts in recent years.
Stephenson Harwood
Its pre-eminence in multi-jurisdictional transactions sees Stephenson Harwood advise an international clientele on mis-selling and professional negligence claims, as well as regulatory investigations and restructurings and insolvencies. An expert in financial sanctions, Sue Millar leads the ‘well-respected’ team. Richard Garcia is called upon by a diverse roster of clients, from banks and asset managers, to investors and stakeholders, to sovereign states. Donna Newman boasts an active cross-border litigation practice, advising on disputes involving various financial markets and products. Genevieve Quierin focuses on private equity and payments disputes and Ben Sigler handles fraud and insolvency claims. Alina Neal and Chris Pettett are names to note. Former co-lead Edward Davis has moved to Jenner & Block LLP.
Practice head(s):
Sue Millar
Other key lawyers:
Richard Garcia; Donna Newman; Genevieve Quierin; Ben Sigler; Alina Neal; Chris Pettett; Ayo Oketunji
Testimonials
‘The team is responsive and practical, with very good strategic judgement.’
‘Ayo Oketunji and Donna Newman are both exceptional litigators who know their stuff, work brilliantly in the team and have great judgement.’
‘SH is a deservedly well-respected litigation team, with seriously impressive banking litigation specialists.’
‘Sue Millar is one of the best.’
Key clients
WorldRemit
BMW Financial Services
Benaulim BV
Henderson & Jones,
Bet365
RCI Financial Services Limited
Gordian Holdings Limited
Mauritius Commercial Bank
Alpha Bank Cyprus Ltd
Bank of Cyprus Public Company Limited
Cyprus Popular Bank Public Co Ltd
Shanghai Commercial and Savings Bank Limited (Taiwan)
Natixis
Work highlights
- Rrepresenting over 1,800 corporate claimants within the hospitality, leisure, retail, arts, ticketing, online betting, financial services, and several other sectors in group claims brought against Mastercard and Visa, seeking to recover losses incurred as a result of unlawful Multilateral Interchange Fees set by the card schemes on every Visa and Mastercard card transaction processed by our clients in the UK and Europe.
- Acting for Shanghai Commercial and Savings Bank Limited (Taiwan) (SCSB) in its defence of a claim brought against it by Vegesentials Limited and Fibre Water Limited for vicarious liability arising out of a fraudulent misrepresentation, in respect of acts allegedly committed by SCSB’s former employee in Taiwan, which allegedly resulted in loss of chance and associated damages.
- Advising a number of Cypriot banks on a large number of claims based on alleged ‘mis-selling’ brought in the UK and Cyprus, in group actions involving hundreds of parties.
Brown Rudnick LLP
Drawing on extensive international experience, Brown Rudnick LLP is regularly called upon to act against major financial institutions, multinationals and sovereigns, and ultra-high-net-worth individuals. Securities claims under section 90 and 90a of FSMA are another area of expertise for the ‘talented and dedicated’ team. Jane Colston co-heads the group, boasting an established fraud practice, alongside Neill Shrimpton, who brings extensive offshore litigation experience to the team. The practice was strengthened with the addition in November 2023 of ‘bright, pragmatic and direct’ Derval Walsh, an expert in investment and retail banking disputes. Jessica Lee and Robin Pickworth, who joined in October 2023, are other key contacts in the team.
Practice head(s):
Neill Shrimpton; Jane Colston
Other key lawyers:
Derval Walsh; Jessica Lee; Robin Pickworth; Thomas McDonnell; Razzaq Ahmed; Theodore Elton
Testimonials
‘True specialists with technical expertise across the practice area and commercial experience.’
‘Derval Walsh is exceptional – incredibly bright, pragmatic and direct.’
‘Derval Walsh cuts straight through large volumes of complex issues with razor precision. Very responsive and pragmatic.’
‘Neill Shrimpton heads a team of very good litigation solicitors.’
‘Neill Shrimpton is a safe pair of hands, a consummate professional.’
‘Neill Shrimpton is one of the best in the business.’
‘Thomas McDonnell and Razzaq Ahmed are stars of the future.’
‘This is a very talented and dedicated team.’
Key clients
Investors in Barclays Shares
Work highlights
- Acted for a group of 200 institutional investors against Barclays Plc in claims under sections 90 and 90A of FSMA, claiming for damages in excess of £380m arising from their reliance on alleged untrue and misleading statements and omissions in the defendant’s published information, alternatively alleged dishonest delay in publishing relevant information.
- Acting for a group of around 230 institutional investors against Standard Chartered Plc in claims under sections 90 and 90A of FSMA, claiming damages in excess of £450m arising from their reliance on alleged untrue and misleading statements and omissions in the defendant’s published information, alternatively alleged dishonest delay in publishing relevant information.
Dechert LLP
Dechert LLP’s ‘immensely hard-working and dedicated’ cross-border litigation practice represents clients in disputes involving jurisdictional issues and foreign law claims. Led by Dorothy Cory-Wright, the team advises banks and other financial institutions on high-stakes litigation involving various jurisdictions. Adam Silver plays a lead role in cross-border disputes, acting for foreign regional banks and international banks, and John Bedford has experience coordinating multi-jurisdictional proceedings. Stephen Surgeoner
and Ricci Potts are other names of note, along with ‘standout partner’ Daniel Natoff. Lisa Borthwick is another active member of the team.
Practice head(s):
Dorothy Cory-Wright
Other key lawyers:
Adam Silver; John Bedford; Stephen Surgeoner; Ricci Potts; Daniel Natoff; Lisa Borthwick; Annabelle Nelsson; Emma Dillon; Harley Evans; Richard Herstell
Testimonials
‘Adam Silver and Ricci Potts are responsive and clever, with a commercial and pragmatic outlook. Lisa Borthwick is an excellent associate with a keen eye for detail.’
‘Ricci Potts made partnership relatively recently, and it was well deserved. He is building a good reputation and has been involved in some high profile commercial and financial cases, including a series of well-known Lebanese banking case. Richard Herstell is relatively newly qualified and relatively new the team, and an impressive associate solicitor and seems to be a very good team player.’
‘Depth of experience in the banking litigation. This team has done several of the leading cases in the area and their expertise is impressive.’
‘Adam Silver stands out as truly knowledgeable. He also thinks “outside the box” and is fantastic to work with.’
‘The Dechert team has developed a niche practice in Lebanese banking litigation. They are very much experts in this area.’
‘Daniel Natoff is a young partner with great energy, confidence and an extraordinary work ethic. He really pushes a case along. Three associates stand out – two senior (Annabelle Nelsson and Emma Dillon) and one junior (Harley Evans). They are all absolutely first rate – clever, efficient, calm and thorough.’
‘The team at Dechert have been immensely hard-working and dedicated to their clients, despite challenging deadlines. They’ve handled complex issues on a high value, multi-party case with impressive skill.’
‘Daniel Natoff is a standout partner and has a bright future.’
Key clients
Bank of Beirut SAL
Bank Audi S.A.L
Société Générale de Banque au Liban
Banque Libano-Francaise S.A.L
Blom Bank S.A.L
Fransabank S.A.L.
BankMed S.A.L.
Byblos Bank S.A.L.
Credit Suisse Asset Management (Switzerland)
Work highlights
- Representing a number of Lebanese banks in a series of cases triggered by the ongoing Lebanese banking crisis.
- Supporting Credit Suisse in £2bn insurance claims linked to the financial aftermath of the collapse of Greensill Capital.
Fieldfisher
An established choice for foreign banking clients, Fieldfisher represents an extensive list of banks headquartered in India and across Central Asia and the Middle East. Andrew Lafferty leads the ‘cooperative, intelligent, helpful and adaptable’ team. Dual qualified in both England and Wales and India, Priyanka Kapoor regularly represents banks and financial institutions in cross-border disputes. Donna Goldsworthy is praised as ‘proactive, measured, personable and knowledgeable’, and is active in international and offshore disputes. Kit Jarvis’ broad disputes practice spans derivatives litigation and enforcement issues. Carly Schiff is a name to note. The highly experienced banking and finance litigator John McElroy joined the firm from Hausfeld & Co LLP in July 2024. Hannah Piper departed in July 2024.
Practice head(s):
Andrew Lafferty
Other key lawyers:
Priyaka Kapoor; Donna Goldsworthy; Kit Jarvis; Carly Schiff; Richard Waugh; James Lewis; Emma Freudenthal; Asa Buchanan; Lawrence Accardi; John McElroy
Testimonials
‘Donna Goldsworthy is a leader in her game, proactive, measured, personable and knowledgeable – a go to for any litigation advice or support.’
‘Pragmatic advice and guidance. Very commercial in outlook. Want a resolution to any issue without undue delay, so guidance is prompt and efficient.’
‘I work mainly with Donna Goldsworthy. Very good client care, knowledgeable and commercial. Timely and accurate advice.’
‘I have worked with them on several occasions, the team is always cooperative, intelligent, helpful and adaptable.’
‘I have had a pleasure of working with Donna Goldsworthy and her team. Donna is excellent, very responsive and a pleasure to deal with.’
‘Excellent client service. Innovative and commercial.’
‘Donna Goldsworthy is a notable player in the market.’
Key clients
Mr Igor Kolomoisky
Mr Igor Kolomoisky (Worldwide Freezing Order)
PNBIL (Rahul Nanda & Others)
PNBIL (Antraa B.V. and Shailesh Jain)
India Infrastructure Finance Company (UK) Limited (Reliance Naval Engineering Limited & Others)
India Infrastructure Finance Company (UK) Limited (AMNEPL & Others)
Marc Nadini & Harry Dunger of Knight Frank as Receivers
Mr David Standish and Mr James Bennett of KPMG as Joint Liquidators of Argyle UAE Limited
Open Access Finance Limited
Work highlights
- Acting for Mr Igor Kolomoisky, the First Defendant, in respect of a $2.6bn claim (and associated worldwide freezing order) brought against him by PrivatBank, the Claimant, formerly owned by our client and the Second Defendant.
- Acting for Punjab National Bank International Limited against various debtors, including Rahul Nanda (and high-profile UK businessman) to obtain judgment and to pursue enforcement action, in a case that includes criminal proceedings and working with a trustee in bankruptcy.
- Advising one of the world’s largest banks in relation to claims of negligence against an ex-employee of that bank concerning payment flows connected to a major international embezzlement scheme, involving claims of fraud and compliance breaches and proceedings across US and offshore jurisdictions.
Milbank
Its transatlantic capabilities see Milbank advise on banking litigation and investigations in both the UK and the US. The team advises banks and lenders on competition and fraud claims, criminal investigations and enforcement actions. Practice head Julian Stait is at the forefront of high-profile litigation in the sector, as well as regulatory disputes and investigations. Mona Vaswani
boasts a ‘legendary’ contentious financial services practice, representing international banks, financial institutions and private lenders. Tom Canning is another name to note, along with William Charles. Rosy Villar advises on disputes related to distressed loan and bond transactions. Mark Padley and Emma Hogwood are also active members of the team.
Practice head(s):
Julian Stait
Other key lawyers:
Mona Vaswani; Tom Canning; William Charles; Rosy Villar; Mark Padley; Emma Hogwood; Michael Bingham; Peter Edworthy
Testimonials
‘Mona Vaswani’s practice is legendary, and she continues to get brilliant results for tough, demanding clients.’
‘The banking team at Milbank is second to none. There is exceptional quality at every level, which is hard to find, combined with impressive sector knowledge reflecting the breadth and depth of experience in the team. The team works extremely well together and communicates very effectively with both clients and counsel.’
‘Julian Stait, the lead partner, is one of the most experienced litigators in the London banking market. He is a go-to for large, international clients with complex cases. His judgement is extremely sound, he always asks the right questions and sees the key issues, and he is excellent on strategy, as well as being a first-rate lawyer.’
‘Emma Hogwood, special counsel, is one of the most impressive solicitors I have worked with. She is exceptionally bright, has a frightening attention to detail, and runs the most difficult cases with ease. She works extremely well with counsel, always thinks through points before raising them and is all round an absolute pleasure to work with.’
‘Mona Vaswani is outstanding and is a top pick for any client with a knotty dispute, particularly in the fraud sector.’
‘Mona Vaswani is superb. She has excellent judgement and gives clear and decisive advice.’
‘The practice includes some highly transactional-minded litigators, which is helpful as they can also understand the commercial drivers of a situation and get involved in a broader sense.’
‘Tom Canning (partner) and Michael Bingham (associate) are two stand out individuals. They are friendly, hyper intelligent and very easy to work with – I trust their advice blindly as it has never proven to be even slightly questionable to date.’
Key clients
Coöperatieve Rabobank U.A.
Visa Inc.
Visa International Service Association,
Visa Europe Limited
Visa Europe Services LLC
Visa UK Limited
Apollo Global Management
Frigoglass Group
Penningtons Manches Cooper LLP
Active in claimant and defendant litigation, the ‘powerhouse of a firm‘ Penningtons Manches Cooper LLP has experience acting for and against banks, with a recent focus on digital asset litigation. Kamran Rehman took over from Clare Arthurs as head of commercial dispute resolution in April 2024. Michael Brown represents groups of shareholder and investor claimants and Phillip D’Costa strengthens the team’s international capabilities, as co-head of the firm’s India group. Promoted to the partnership in April 2023, the ‘excellent lawyer’ Charlotte Hill has experience in civil fraud, asset tracing, and cyber disputes.
Practice head(s):
Kamran Rehman; Alex Fox; David Niven
Other key lawyers:
Michael Brown; Charlotte Hill; Phillip d’Costa; Charlie Shillito; Bronagh Adams; David O’Brian; Harriet Vidot; Chris Hoyer Millar; Colin Hayes; Lauren Cormack; Richard Raban-Williams; Clare Arthurs
Testimonials
‘Kamran Rehman is an incredibly impressive leader. There is good delegation, and he has confidence in other members of his team, but he is the ultimate decision maker. Bronagh Adams is a very good assistant.’
‘Charlotte Hill is exceptional. She supported a potential litigation case we had with a supplier with genuine skill and business understanding. She was responsive and turnaround times were quick with a high degree of attention to detail.’
‘I have instructed Charlotte Hill and Richard Raban-Williams and was super impressed. Charlotte has an ability to get to the point of the legal issues which is unsurpassed and runs an effective team. Richard is thorough and turns around complex pleadings quickly. Together they make a super team. Charlotte’s knowledge of the digital space is also excellent.’
‘An excellent firm that seems to have attracted intelligent, hardworking and decent people across all offices. They are great to work with as an advisor/expert and it is clear that barristers and clients feel the same.’
‘Alex Fox – banking disputes. Charlotte Hill – banking disputes. Philip D’Costa – complex litigation. David O’Brien – general litigation. David Niven – Group action. All bring their own style to cases but with a common theme of hard work, attention to detail and clear expertise.’
‘Penningtons is that unusual combination of a powerhouse of a firm, working on high-profile and intensive cases, but staffed by individuals who are warm and approachable human beings: they’re tough with their opponents, when they need to be and when it serves a purpose (rather than just dialling it up to 11 all the time), but they understand that their clients and colleagues aren’t machines.’
‘Charlotte Hill is a brilliant addition to any client’s arsenal. She’s charming to deal with, an excellent lawyer, and a consummate networker who has a brilliant knack of getting the other side to agree to things that would usually become mired in argument. Alex Fox is great at the tactics, and at seeing the bigger picture without losing sight of important details. Bronagh Adams is extraordinarily hard-working. Utterly indefatigable, and a great team-player.’
‘Michael Brown has an impressive depth of knowledge which he brings to bear in a measured and reassuring manner. He leads from the front and keeps careful control over the case.’
Key clients
Consumers’ Association Ltd t/a Which?
Various NFU Mutual Policyholders
Hope Capital Limited
Ghana International Bank Plc
Market Financial Solutions
Work highlights
- Acted for the Consumers’ Association (Which?) on both their Court of Appeal and Supreme Court interventions in the APP fraud case of Philipp v Barclays Bank UK Plc which involves an important point of banking law relating to the scope of a banker’s duty and liability for losses sustained through authorised push payment fraud.
- Act for approximately 50 NFU Mutual policyholders, pursuing unpaid business interruption claims against the insurer arising out of COVID-19 pandemic.
- Acting for Hope Capital Limited in Hope Capital Limited v Alexander Reece Thomson LLP [2023] EWHC 2389 (KB), a valuer negligence claim concerning valuers’ scope of duty.
Reed Smith LLP
Its roster of global clients sees Reed Smith LLP advise on cross-border litigation spanning the US, Europe, Asia, the Middle East, Latin America, and other jurisdictions. In addition to its litigation expertise, the team also excels in contentious regulatory matters and investigations. Practice head Tom Webley is regularly called upon by central, investment, and retail banks, particularly for representation in cross-border disputes; his broad litigation practice spans trade, structured and commodities finance matters. George Hoare is also a name to note, advising some of the team’s key banking clients, along with Oliver Rawkins, who was promoted to partner in January 2023.
Practice head(s):
Tom Webley
Other key lawyers:
George Hoare; Oliver Rawkins
Testimonials
‘Oliver Rawkins, a partner who specialises in banking litigation, is a real talent. He combines banking industry expertise with an unusually deep knowledge of the law.’
‘Oliver Rawkins becomes closely involved in his matters and very good at distilling complicated issues to produce practical, solution-orientated advice. He is also very pleasant to work with.’
Sidley Austin LLP
Drawing on the firm’s international network, Sidley Austin LLP’s ‘outstanding banking litigation service’ excels in multi-jurisdictional banking litigation. Boasting ‘broad and deep experience combined with technical expertise’, Matthew Shankland leads the team. Alastair Hopwood demonstrates prowess in cross-border disputes, with litigation experience at all levels of English courts and in offshore jurisdictions. Promoted to partner in January 2024, Sarah Lainchbury’s broad financial services and banking litigation practice ranges from structured and leveraged finance, derivatives, and security enforcement disputes, to contentious restructurings and insolvencies.
Practice head(s):
Matthew Shankland
Other key lawyers:
Alastair Hopwood; Sarah Lainchbury
Testimonials
‘Excellent people and good technical and strategic knowledge.’
‘Matthew Shankland – highly experienced partner. Sarah Lainchbury – new partner: very hardworking and bright.’
‘Sidley has developed an outstanding banking litigation service in London by combining hard work, a focus on client priorities and technical legal expertise.’
‘Matthew Shankland provides fantastic leadership, deploying his broad and deep experience combined with technical expertise: this is who you want managing the most difficult matters.’
‘Sarah Lainchbury is a fantastic new addition to the partnership ranks: a real star, with an unrivalled work-ethic and relentless focus on her client’s priorities.’
Key clients
Genworth Financial, Inc.
Work highlights
- Representing leading U.S. insurance firm Genworth in a major PPI mis-selling-related litigation worth over £600m.
TLT
From mis-selling and mistreatment claims to fraud and negligence litigation, TLT continues to expand its broad financial services practice. It ‘punches above its weight’, also boasting experience in crypto claims. Practice head and ‘standout partner’ Clare Stothard brings to the team experience in derivatives litigation, as well as a more recent focus on APP fraud and Quincecare claims. Paul Gair strengthens the team’s international offering, as co-head of the firm’s India desk, and Steven Mills handles disputes related to investment, corporate, and retail banking products. Nick Curling focuses on recovery actions, as well as negligence claims along with Claire Kershaw. In addition to banks, Karen Furniss’ clientele includes cryptocurrency platforms, challenger banks, and payment service providers. Rupal Nathwani is praised by clients as ‘incredibly diligent’ and ‘hardworking’.
Practice head(s):
Clare Stothard
Other key lawyers:
Paul Gair; Steven Mills; Nick Curling; Claire Kershaw; Karen Furniss; Rupal Nathwani
Testimonials
‘Very approachable and user friendly.’
‘Paul Gair and Nick Curling are both excellent commercially minded litigators.’
‘TLT really punches above its weight and is able to answer any question we throw their way.’
‘Clare Stothard and Karen Furniss are really, really excellent. TLT feels like one of the best kept secrets in the City, as they’re able to advise on a wide range of topics at really reasonable rates. I’m particularly impressed at how familiar they are with our sector.’
‘It is very impressive how TLT have really established themselves as a significant player in the banking litigation sector. They have had an incredibly strong year.’
‘Clare Stothard is the stand-out partner: she is incredibly adept at delivering what the client wants. Rupal Nathwani is one of the star associates and is a leader of the future. ’
‘TLT’s banking litigation team is outstanding. They provide a level of client service that is second to none, their judgement of the right strategy is always spot on, and they are a pleasure to work with.’
‘Clare Stothard (Partner) is a star performer who knows banking litigation inside out. Her judgement is second to none, she is excellent lawyer, and she knows how to keep clients on side. Rupal Nathwani (Associate) is incredibly diligent, hardworking and also extremely personable and good to work with.’
Work highlights
- Acting for a leading retail bank in the Supreme Court in respect of the application of the Quincecare duty to a paying bank acting on a client instruction where there is underlying APP fraud.
- Acting for a leading retail bank in a case on the liability of a receiving bank where there has been APP Fraud, obtaining judgment for the bank.
- Acting for a large cryptocurrency exchange in its application for FCA regulation including undertaking a largescale KYC examination.
Travers Smith LLP
Working in tandem with the firm’s finance, financial services and markets, and derivatives and structured products teams, Travers Smith LLP‘s banking and financial markets disputes practice advises an array of financial institutions, including banks, brokers, and fund managers. Rob Fell focuses on disputes within the financial services sector, representing investment and clearing banks and other finance clients. Alice Childs is experienced in multi-jurisdictional disputes, acting for foreign financial institutions and participating in cross-border litigation. Stephanie Lee is another key member of the team and John Lee is praised by clients for his ‘very high level of technical rigour’.
Practice head(s):
Heather Gagen
Other key lawyers:
Rob Fell; Alice Childs; Stephanie Lee; John Lee; Natalie Puddicombe; Huw Jenkin
Testimonials
‘Deep technical expertise and an ability to get the job done, no matter how big.’
‘Under the leadership of the new head of disputes, Heather Gagen, the Banking litigation team thrives. Rob Fell, Stephanie Lee, and Huw Jenkin consistently deliver outstanding results for their clients. Their ability to collaborate seamlessly, leverage their respective strengths, and devise innovative legal strategies sets them apart from their competitors.’
‘Rob Fell – Partner – a natural leader, with excellent client skills. Heather Gagen – Partner – now head of the practice, a highly intelligent and empathetic lawyer, with unlimited energy and an expert communicator.’
‘Travers field a very strong banking litigation team, with a high level of technical ability and commercial acumen. We have been very impressed by the team’s quality, depth and ability to deal with complex and fast-moving litigation proceedings. They are also great to deal with on a personal level and ease the burden on in-house counsel. It is very helpful that they are not conflicted and can act against major financial institutions.’
‘Rob Fell is the senior partner on the matter. He has excellent commercial and strategic sense and brings great value to the team.’
‘John Lee is the more junior partner and brings a very high level of technical rigour to the case; he can really engage with the detail and is clearly highly intellectual.’
‘Lovely people to work with – perfect balance of clever and hard working but with great judgement.’
‘Rob Fell (partner), Alice Childs (partner) and Natalie Puddicombe – all excellent in their own right.’
Key clients
Sadeq Sayeed
Nomura International plc
Macquarie
Tulip Trading Limited
Work highlights
- Advising the former CEO of Nomura International plc in relation to (i) criminal proceedings brought in Italy against him, the Italian Bank Monte dei Paschi di Siena, Nomura, Deutsche Bank, and certain other individuals from the three banks for false accounting, market manipulation and obstruction of a regulator in respect of complex derivative trades entered into between Nomura International plc and Banca Monte dei Paschi di Siena in 2009; and (ii) regulatory proceedings that have been brought in Italy in relation to the same derivative trades.
- Advising Nomura on its application to the EU General Court for annulment of the European Commission’s Decision finding anti-competitive behaviour in the primary and secondary European Government Bond markets.
- Acted for Tulip Trading Limited in its claim seeking to recover its access to and control of bitcoin, which it claims to own in two addresses on the blockchain, the private keys to which it claims were stolen in a hack.
Akin
With a diverse clientele of banks, investment funds, creditors, and private equity investors, Akin focuses on investment disputes. The team has a proven track record representing hedge funds and investment funds, with particular expertise in distressed debt and sovereign and quasi-sovereign debt disputes. Practice head Richard Hornshaw focuses his cross-border litigation practice on finance and securities disputes, and contentious insolvency and restructuring proceedings. Mouna Moussaoui, an active member of the team and ‘litigation star’, was promoted to counsel in January 2024.
Practice head(s):
Richard Hornshaw
Other key lawyers:
Mouna Moussaoui; James Terry
Testimonials
‘The team is outstanding. One of many strong features is its ability to draw on the knowledge of colleagues in other departments where relevant.’
‘Richard Hornshaw is outstanding. Incredibly user-friendly and also always on top of all the detail.’
‘Very strong. Akin is obviously strong in capital markets, debt and funds work and the banking litigation team has great experience in all these areas. I would say that it is one of the best teams in the market.’
‘Richard Hornshaw is excellent. A really competent lawyer who thinks through all the details but also someone who is a real pleasure to deal with. Mouna Moussaoui is a very talented, up and coming associate.’
‘Akin has an excellent team for banking and finance litigation. Their litigators are very experienced in handling complex banking disputes, including disputes with an international aspect.’
‘Richard Hornshaw is an exceptional litigator and team leader for high profile banking and finance litigation.’
‘Akin has a very high profile with funds, private equity and bondholders. They are a go to firm for contested workout situations, whether of bank debt or other credit. They are excellent and have an intuitive understanding of what their clients want to achieve.’
‘James Terry – incredibly thoughtful and energetic. A really outstanding committed lawyer. Richard Hornshaw – a great litigation partner. He’s across all of his cases and exercises sound judgement. Mouna Moussaoui – a litigation star. Future partner material for sure. She’s very engaged with her cases and her client’s objectives.’
Key clients
Goldman Sachs
Barings Asset Management
The administrators of African Minerals Limited
Apollo
Elliott Advisers
Ad Hoc Group of Noteholders to Imtech
Ad Hoc Group of Noteholders to Adler
Work highlights
- Advised the ad hoc group of noteholders to Adler on the first Court of Appeal judgment regarding a restructuring plan and the parameters of the cross-class cram down power.
- Advising the letter of credit ad hoc group of lenders on challenging the McDermott restructuring plan commenced under Part 26A of the Companies Act 2006.
- Advising Elliott on its judicial review against the London Metal Exchange (LME) for the almost half-billion-dollar loss Elliott suffered by virtue of the LME’s decision to retrospectively cancel nickel trades entered into in the early hours of March 8, 2022.
Gibson, Dunn & Crutcher
Composed of ‘very experienced and expert partners’, the team at Gibson, Dunn & Crutcher represents financial institutions in disputes in various jurisdictions, including offshore. Osma Hudda and Doug Watson jointly lead the team. Boasting extensive experience in the financial services sector, Philip Rocher specialises in litigation, as well as regulatory and internal investigations. Charles Falconer KC is name to note, and Allan Neil represents financial institutions in multi-jurisdictional disputes and investigations. Susy Bullock is an active member of the team, along with Daniel Warner.
Practice head(s):
Osma Hudda; Doug Watson
Other key lawyers:
Philip Rocher; Charles Falconer KC; Allan Neil; Susy Bullock; Dan Warner; Matthew Nunan; William Lord
Testimonials
‘This is an absolute premium service, and the interaction between very experienced and expert partners and superstar in-house barristers is unique.’
‘Philip Rocher has immaculate judgement and focus and improves the work of the whole solicitor and barrister team.’
‘William Lord is one of the best and most effective associates I have ever worked with.’
‘Great commercial acumen, strategical thinking.’
‘Charles Falconer KC, Philip Rocher and William Lord are absolutely responsive and have a unique understanding for client’s needs.’
Key clients
Credit Suisse
UBS
Investcorp
Gowling WLG
Representing international investment banks, Gowling WLG handles structured finance, restructuring, and fraud disputes. Contentious regulatory matters are another area of expertise, and the team regularly advises on regulatory investigations. Experienced in financial services litigation, practice head James Sidwell also advises on fraud and asset tracing, contentious trusts, and regulatory investigations. ‘Dynamic and sought-after partner‘ Catherine Naylor boasts an established cross-border disputes practice, while Sean Adams represents financial institutions, private equity clients and technology companies in commercial litigation and asset recovery actions. Verity Barker and Sophia Khan are other names to note.
Practice head(s):
James Sidwell
Other key lawyers:
Catherine Naylor; Sean Adams; Verity Barker; Sophia Kahn; Emily Till
Testimonials
‘Great legal knowledge and the ability to marshal and manage complex facts.’
‘Excellent drafting. Sensitive client management.’
‘James Sidwell (partner) is a master of dispute resolution. He inspires confidence in clients and brings together client, counsel and experts in effective harmony.’
‘Catherine Naylor (partner) is an extremely dynamic and sought-after partner. She assembles and leads brilliant teams, who are both client-friendly and tough opponents.’
‘Verity Barker (of counsel) is a superb team member, who makes a fantastic contribution at every stage of the litigation process.’
‘Emily Till (associate) is a most able solicitor, who is a real asset to the cases on which she works.’
‘James Sidwell is a seasoned and clever lawyer. He is commercially astute, with a great knowledge of various sectors and in-depth knowledge of the law. Catherine Naylor is a go to partner for anything banking or insolvency/restructuring related. She’s extremely clever and commercially astute and a pleasure to work with.’
‘A diverse and highly qualified team with great strength in depth.’
Key clients
Kevin Hellard and Matthew Richardson as liquidators of Durant International Corp (“Durant”), Kildare Finance Limited and MacDoel Investment Limited
Equity Trust (Jersey) Limited
Grant Thornton LLP (Mark McDonald and Kevin Hellard, liquidators of Stanford Bank)
Stephen Hunt in his capacity as liquidator of Transworld Payment Solutions U.K Limited (in Liquidation) (“TWPS”)
J.P. Morgan Bank Luxembourg SA
Greenberg Traurig, LLP
Fraud is a key area of expertise for the banking and financial services litigation team at Greenberg Traurig, LLP. Its expertise ranges from acquisition finance and trade finance disputes to contentious financial services regulation and compliance matters, asset recovery, and insolvency litigation. ‘Exceptional litigator’ Masoud Zabeti heads the firm’s global litigation practice and is involved in banking disputes on an international scale. With extensive regulatory expertise, Matt Hancock advises both regulated financial services firms and individuals. Katharine Bond is an ‘extremely able lawyer’ and boasts a balanced claimant and defendant banking litigation practice, while Mehmet Karagoz focuses on fraud, internal investigations, and crisis management.
Practice head(s):
Masoud Zabeti
Other key lawyers:
Matt Hancock; Katharine Bond; Mehmet Karagoz; Mohammed Khamisa KC; Miten Vaghela; Elizabeth Fox
Testimonials
‘Masoud Zabeti is a canny litigator and wily opponent.’
‘The team is outstanding. Led by Masoud Zabetti who has a wealth of experience in high stakes litigation. Masoud has put together a terrific team having picked the best from other firms. The teams are appropriately resourced, efficient and creative in terms of thinking how to achieve what the client wants.’
‘Masoud Zabetti is outstanding. Also, Elizabeth Fox is extremely able. Katharine Bond is a standout star at the associate level.’
‘Greenberg Traurig’s banking litigation practice is unique in dealing with litigation of all sizes – from the largest multi-billion-pound claims to the smallest. The banking litigation team is technically sophisticated and strategically adept and is capable of managing (and winning) litigation at the highest levels.’
‘Masoud Zabeti – excellent lawyer and master strategist. The lawyer you want on your side when facing the largest disputes. Katharine Bond – incredibly experienced and extremely able lawyer. Katherine can deal with any kind of litigation a financial institution might face. Miten Vaghela – very able and extremely pleasant to work with.’
‘I have worked with teams led by Masoud Zabeti (shareholder) on a number of large matters, including a very complex banking fraud claim. The quality of individuals I have encountered has been uniformly excellent, from top to bottom. They are clearly able to handle complex banking cases efficiently and effectively.’
‘Masoud Zabeti: extremely positive and fights very hard for his clients. He has an excellent manner and excellent client handling skills. He is also very proactive, and is full of ideas about how to best advance his client’s interests, even in the face of challenging situations. Katherine Bond (associate): Very pleasant to work with, highly responsive, efficient, and unflappable.’
‘Masoud Zabeti – A really exceptional litigator. He is highly intelligent and imaginative lawyer, always working to identify how best to advance his client’s interests.’
Key clients
Crane Bank
Tradition Financial Services
Bank Frick
Work highlights
- Acting for Crane Bank and its shareholders in relation to special measures taken against the bank by the Central Bank of Uganda as part of a corrupt scheme to take control of the Bank and misappropriate its assets.
- Acting for Tradition Financial Services, defending a multi-million-pound claim alleging dishonest assistance and fraudulent trading (under s.213 of the Insolvency Act 1986) brought by the liquidators of various companies which were used as vehicles for complex MTIC carousel fraud in the EUA carbon credit market in 2009.
- Defending Bank Frick in an asset recovery claim made by the Deposit Guarantee Fund for Individuals, as liquidator of National Credit Bank in Ukraine (NCB), due to alleged transactions defrauding creditors as part of a money laundering scheme devised by senior managers to extract assets from NCB.
Humphries Kerstetter LLP
A go-to firm for group litigation in the banking and finance sector, Humphries Kerstetter LLP has a strong track record representing groups of bondholders and shareholders. Acting both for and against banks and financial institutions, the team is also experienced in derivatives disputes, fund mismanagement, and impropriety claims and structured product litigation. Joanna Pearson took over from ‘master tactician’ James Russell as managing partner in January 2024, specialising in disputes around partnership and director duties. Russell focuses on derivative and financial product litigation.
Practice head(s):
Joanna Pearson
Other key lawyers:
James Russell; Chris Louth
Testimonials
‘Humphries Kerstetter LLP deliver a highly focused client offering. They are very selective in the cases they take-on, and only assume cases after detailed rigorous analysis of the evidence, merits and potential counterfactuals. HK punches way above its weight.’
‘James Russell senior partner. James’s speciality is contentious litigation often against banks and liquidators. He is fearless and never intimidated. A master tactician.’
‘More than a match for the big firms, Humphries Kerstetter has a sophisticated grasp of international litigation. It’ smaller teams mean it can focus with maximum efficiency on the client and their objectives.’
‘Joanna Pearson is a hands-on partner who gets great results through careful analysis and identification of the winning point for her clients. She is also huge fun to work with.’
‘James Russell is outstanding and leads a strong and capable team.’
‘James Russell is super clever, experienced and a delight to work with.’
‘James Russell: combines mastery of the detail with great strategic insights. He’s all over his matters and gives clients a great sense of confidence that their cases have been gripped. Joanne Pearson: great to work with. A real team player. Very personable and gets the best out of her team.’
‘James Russell is one of the most complete commercial litigators that I have ever worked with. He has high levels of academic and analytic ability; he also sees the big picture and thinks strategically; he is prepared to follow a hunch and back a difficult case.’
Key clients
Uro Property Holdings S.A. (Santander)
Grupo TSK
Series 1 Bondholders in Blackmore Bond Plc
Activist Shareholders in Core Venture Capital Trust plc
Private Equity Investor
Work highlights
- Acting for Uro Property Holdings S.A. in a dispute with BNP Paribas relating to the acceleration of a €1.3bn securitised loan allegedly giving rise to a €250m bond make-whole payment.
- Acting for Grupo TSK in an exchange rate derivative dispute with Deutsche Bank.
- Acting for a group of bondholders to investigate and pursue claims on their behalf arising out of the collapse of Blackmore Bond Plc.
Mishcon de Reya LLP
Experienced in acting for borrowers and lenders, Mishcon de Reya LLP has an impressive roster of clients, from corporates and ultra-high-net-worth individuals to hedge funds, asset managers and prime brokers. Its diverse clientele sees the ‘efficient, effective and highly professional‘ team advise on banking, corporate finance, and private equity disputes. Practice head Mark Whelan represents an impressive list of brokers, banks, and hedge funds, often on a multi-jurisdictional basis. Edwin Chik is active in disputes in the payment systems and consumer credit sectors, while Jonathan Barnett handles contentious regulatory investigations. Samantha Kakati, currently on secondment, brings experience in high-value financial disputes to the team. Derval Walsh left the firm in October 2023.
Practice head(s):
Mark Whelan
Other key lawyers:
Edwin Chik; Jonathan Barnett; Samantha Kakati; Olivia Wybraniec
Testimonials
‘A very strong banking and finance practice for claimants.’
‘Samantha Kakati is one to watch – she is standout.’
‘Mishcon de Reya operate with craft, guile and an immense depth of knowledge across the entire sector – they operate equally effectively for both individual clients and corporate players.’
‘The Mishcon de Reya team I worked with this year were efficient, effective and highly professional. The team was well resourced, and all joined up. They focus on what is important and get the job done.’
‘Great lawyers, responsive, available, responsible and dependable.’
‘Edwin Chik leads a great team that embodies the Firm’s attributes.’
‘Mischon de Reya specialise in hard-fought commercial litigation, with particular expertise and experience in cases involving allegations of fraud. They can bring considerable resource and experience to bear on cases under short time-scales.’
‘Jonathan Barnett has recently, and very deservedly, been promoted to partner. He has meticulous attention to detail, is a phenomenally hard-worker and has strong strategic instincts.’
Key clients
Crane Bank, Dr Sudhir Ruparelia & Other Crane Bank Shareholders
Borro Group and Victory Park Management LLC
Maze SARL
Revolut Limited
Close Brothers Group plc
Mr Vadim Perelman
Morgan, Lewis & Bockius UK LLP
The ‘efficient and effective’ team at Morgan, Lewis & Bockius UK LLP operates on a multi-jurisdictional basis, representing shareholders, banks, fund managers, and other financial institutions in cross-border litigation and both internal and external investigations. Chris Warren-Smith leads the group, boasting a stellar clientele that ranges from financial institutions, asset and wealth managers, and stockbrokers, to senior executives and employees in the banking sector. Peter Sharp enjoys a strong track record in class and collective actions and group litigation, while Paul Mesquitta handles insurance disputes. Melanie Ryan left the team in October 2023.
Practice head(s):
Chris Warren-Smith
Other key lawyers:
Peter Sharp; Paul Mesquitta
Testimonials
‘Paul Mesquitta is a very solid banking litigator – fastidious and at ease in dealing with complex financial disputes.’
‘The team I work with at MLB is brilliant – they are all very able, highly methodical, efficient and effective at conducting top tier work in the field. They work in compact teams which are highly efficient and effective. They are diligent and hard-working and get the job done in the time allocated.’
‘Chris Warren-Smith is brilliant – one of the City’s finest litigators. He is hugely capable and experienced and at the top of his game. He has a first-class mind which he deploys to great effect. He is incisive and decisive.’
‘Chris Warren-Smith is commercial, flexible and a realist. He rolls up his sleeves and always drills down to the nub of a point. Clients rightly trust him through and through. He has excellent judgement.’
‘Great boutique litigation offering – highly capable and with offices around the world.’
‘Peter Sharp has a god-like genius.’
‘Doing great work on securities litigation.’
‘Chris Warren-Smith stands out for praise.’
Key clients
Investor Group in Serco Group plc
Investor Group in G4S plc
Work highlights
- Acted for over 80 institutional investors in a £110m claim against G4S brought pursuant to Section 90A/Schedule 10A of the Financial Services and Markets Act 2000.
- Acting for over 60 institutional investors in an ongoing £147m claim against Serco brought pursuant to Section 90A/Schedule 10A of the Financial Services and Markets Act 2000.
PCB Byrne
Active in multi-jurisdictional disputes, ‘premier boutique litigation firm’ PCB Byrne represents banking clients across Europe, the Middle East, and Asia. The team boasts a proven track record in asset recovery, as well as an increasingly active sanctions practice. Anthony Riem is ‘vastly experienced’ in the representation of financial institutions and leads the team. Nick Ractliff acts both for and against banks in multi-jurisdictional disputes, while Ben Davies is a civil fraud expert.
Practice head(s):
Anthony Riem
Other key lawyers:
Nick Ractliff; Ben Davies; Trevor Mascarenhas; Elizabeth Seborg; Neil Micklethwaite; Charlotte Bhania; Catherine Eason; Olga Bischoff; Tom Crisp; Tom McKernan; Catherine Eason
Testimonials
‘PCB Byrne is a premier boutique litigation firm in London. The team is highly motivated and organised. Capable of responding rapidly to crises and getting on the front foot in a dispute.’
‘Trevor Mascarenhas is probably one of the cleverest lawyers in London today and also a brilliant litigator. Anthony Riem is vastly experienced in major disputes particularly involving dishonesty and highly effective. Catherine Eason already has significant experience of disputes, in particular those involving dishonesty.’
‘PCB Byrne have a big name – deservedly – in this field. They are particularly well known for acting for defendants, and for knowing the tricks that can defeat a case which on first inspection looks watertight. Their partners are amongst the best I have ever worked with; they have a pool of talented and hard-working associates; and they run lean teams’
‘Nicola Boulton is the senior partner here with huge personality, insight and acumen. She knows just how things are likely to play out and can spot the weak points in a claimant’s claim. I’d also recommend Ben Davies and Tom McKernan. They are both lovely, bright, hard-working and just ‘get it’.’
‘I have worked for many years with Trevor Mascarenhas and Anthony Riem, as well as Nick Ractliff. They are all exceptional practitioners, Trevor and Tony being market leaders in the field where banking law and civil fraud intersect.’
‘Really strong on banking disputes work. One of the City’s most powerful teams. Trevor Mascarenhas and Anthony Riem have legendary powers to get superb results for clients.’
‘Trevor Mascarenhas is the best of the best. He has superb technical skills and tactical nous. He is great to work with whether as a client or another boutique disputes law firm.’
‘Anthony Riem (partner) is seriously talented. Tactically astute, using his enormous experience to great strategic advantage, Elizabeth Seborg (partner) is completely top of her game. A real fighter who any client would be delighted to have on its team. Nick Ractlff is exactly who you want on your team when the going gets tough. Calmness personified. Clear-headed and makes the right judgement calls.’
Key clients
Banco de Sabadell S.A.
Invest Bank PSC
Banco Nacional de Cuba
Republic of Cuba
Mikail Shishkhanov
Andrey Guryev and Evgenia Guryeva
Shushary Holding LLC
Senior Executives of JSC Gazprombank and GazpromExport
VTB Bank PJSC
Work highlights
- Acted for Banco de Sabadell, S.A. in its Commercial Court claim to recover €350m from various corporate entities associated with the Cerberus investment fund, by way of enforcement of guarantees.
- Acted for Invest Bank PSC in its $30m claim to recover monies from guarantors of corporate loans, including winning a trial of preliminary issues as to the effect of new UAE legislation on guarantees.
- Acted for Banco Nacional de Cuba in defending Commercial Court debt claims totalling in excess of €1.4bn, brought by ICBC Standard Bank.
Pinsent Masons LLP
Pinsent Masons LLP‘s banking and finance litigation team is composed of ‘highly expert lawyers’. Stuart McNeill leads the team in high-profile disputes, including fraud and misrepresentation claims. Banking and financial services specialist Mike Hawthorne co-leads, demonstrating particular prowess in derivatives disputes. Jennifer Craven is a specialist in fraud and cryptocurrency matters and Michael Reading also focuses his practice on fraud litigation.
Practice head(s):
Stuart McNeill; Mike Hawthorne
Other key lawyers:
Jennifer Craven; Alan Sheeley; Michael Reading; Bill Geiringer
Testimonials
‘The team has global reach – able to draw on resources across jurisdictions in the event of international disputes.’
‘Alan Sheeley is now one of the leading partners in London for banking work; he is always on the ball and knows how to lead a dispute to a successful conclusion. The team has a raft of brilliant associates including: – Jennifer Craven: highly experienced and runs a great team. – Michael Reading: a star partner of the future, he is always on the detail and driving the case forward for the client. – Bill Geiringer: great to work with and always calm in a crisis.’
‘Worked with Mike Hawthorne and his team on a Venice case. Strong team for banking.’
Key clients
London Southend Airport
Teamtrend Limited
Trade Point Agro Limited
Collyer Limited
Rossyn Investing Corp
Milbert Ventures Inc
Zao Ukrtransitservice Ltd
Aldermore Bank Plc
Skatteforvaltningen (The Danish Customs and Tax Administration)
Work highlights
- Acted for London Southend Airport in relation to a dispute with one of the Carlyle Group’s global infrastructure investment funds concerning the interpretation of a £192m loan facility.
- Advising six corporate entities on an approximately £3.5bn fraud claim brought by JSC Commercial Bank Privatbank.
- Advising Skatteforvaltningen, the Danish Customs and Tax Administration, on a £55m claim against ED&F Man Capital Markets Limited relating to Danish withholding tax refund applications.
Seladore Legal
Specialist disputes firm Seladore Legal acts both for and against major banks and financial institutions, with expertise in large-scale fraud claims, investment disputes, and enforcement disputes. With strong international capabilities, the team of ‘class performers’ is experienced in disputes arising out of Russia, Ukraine, and the CIS region, as well as offshore jurisdictions. Practice head Simon Bushell represents a wide range of financial institutions, from banks to private equity houses, in investment banking and alternative investment disputes. Co-founder Gareth Keillor also boasts an active banking litigation practice.
Practice head(s):
Simon Bushell
Other key lawyers:
Gary Milner-Moore; Gareth Keillor; Kevin Kilgour; Afzalah Sarwar; Owen Hammond; Matt Robertson
Testimonials
‘Light on their feet due to being a crack unit of top litigation star from big city firms, who are hands-on and superb.’
‘Class performers include Simon Bushell, Gary Milner-Moore and Kevin Kilgour.’
‘Seladore have emerged as one of the leading litigation boutiques, going from strength to strength.’
‘They are packed with some of the best fee earners having trained and practiced at a larger top-tier firm and increasingly active in some of the largest disputes before the London Courts and internationally.’
‘Kevin Kilour and Gareth Keillor are star partners, both combining superb technical ability and experience with excellent case management and focus on their clients’ wider strategic objectives.’
‘Formidable opponents in any case.’
‘The Seladore team is a consistently high calibre, ferociously hard-working, intensely motivated litigation boutique. Despite relatively modest size they are capable of handling the biggest and most complex disputes, enabling them to compete with some of the heaviest hitters in the market.’
‘Matt Robertson is an exceptional up-and-coming associate.’
Key clients
Antoine Massad
The liquidators of Kidman Asset Management Ltd (in liquidation),
9089900 Canada Inc.
Work highlights
- Acting for one of multiple defendants in the multi-party fraud claim brought by the Kuwait Public Institution for Social Security against a host of banks and other financial institutions and certain of their current and former employees.
- Acting for liquidators on behalf of a purported asset management vehicle, whose clients were the victims of a sophisticated fraud carried out by its owner pursuing recovery against banks and other entities that may have enabled the fraud.
- Acted for a Canadian company in proceedings against a UAE-incorporated company and a guarantor, seeking payment of a debt and interest pursuant to a loan facility agreement and an accompanying guarantee, with a settlement reached in 2023.
Squire Patton Boggs
Squire Patton Boggs is regularly involved in investment disputes and excels in issues related to financial services regulation. The ‘responsive’ team has developed particular prowess in crypto and blockchain litigation, from trading, shareholder, and director disputes, to blockchain tracing and fraud recovery matters. Disputes related to private equity funds and payment services are other areas of expertise. Chris Webber heads the practice and is experienced in high-value financial services disputes. Christian Toms strengthens the team’s multi-jurisdictional capabilities, advising on cross-border financial arrangements and investments disputes and fraud claims.
Practice head(s):
Stephen Sampson; Chris Webber
Other key lawyers:
Ben Johnson; Michael Davar; Katherine Wakeham; Peter Lees; Mike Caird; Alex Villers; Paul Lewis; John Alderton; Christian Toms
Testimonials
‘Chris Webber is first rate – he knows FS inside out.’
‘Excellent level of partner involvement – clients are really getting the partner, rather than the partner just being a rainmaker who gets the work through the door and funnels it to others to do.’
‘The team is very responsive, and they do a great job of providing a seamless service across a number of disciplines. Client focused advice is given – lawyers who are not afraid to give valuable advice and guidance rather than hiding behind instructions.’
Key clients
LMAX Limited
Manchester Building Society
Administrators of Duet Capital (Holdings) Limited
Gallium Fund Solutions Limited
Independent Wealth Planners UK Ltd
Tokushukai Inc
Brooks MacDonald
Lloyds Banking Group
Georgi Shulev
Pavel Khiznyak
Trade Exact Inc
Work highlights
- Acting for Gallium Fund Solutions Limited in relation to the collapse of the mini-bond issuer Basset & Gold, causing losses of around £36m to investors.
- Advising a Japanese family-owned conglomerate, the owner of Bulgarian bank Tokuda, on an abortive sale of the bank to Eastern European buyers.
- Acting for Georgi Shulev, a co-founder of the crypto lending business Nexo, who was removed from the business in 2019 and is pursuing recognition and recovery of his substantial shareholding in the business and a share of native NEXO cryptocurrency.
Burges Salmon LLP
Burges Salmon LLP boasts an impressive clientele of financial institutions, from retail and investment banks and lending institutions, to private debt funds and regulated funds. The team is experienced in mis-selling claims, as well as disputes related to derivatives and hedging, securitisations, and investment. Practice head Andrew Burnette represents banking clients in fraud and professional negligence claims, while Matthew Kaltsas-Walker spearheads the firm’s insurance litigation work, representing policyholders against insurers and brokers. Caroline Brown advises financial institutions on multi-claim litigation and Hannah Miller is experienced in multi-party disputes.
Practice head(s):
Andrew Burnette
Other key lawyers:
David Hall; Matthew Kaltsas-Walker; Caroline Brown; Hannah Miller
Testimonials
‘We value their careful attention to every little detail, their proactive follow-up on action items, their flexibility and ensuring we are always kept in the loop.’
‘We have been very satisfied with the services of Burges Salmon thus far. Caroline Brown has been awesome.’
‘Very commercial and pragmatic. Offering a lot of insight into process and strategy.’
Key clients
Financial Services Compensation Scheme Limited
Work highlights
- Acting for FSCS on a portfolio of claims against defaulted independent financial advisers and their PI Insurers via the Third Party (Rights Against Insurers) Acts of 1930 and 2010.
Collyer Bristow LLP
Collyer Bristow LLP advises a roster of international clients on contractual disputes, tort and trust claims, fraud, and professional negligence. The team also excels in contentious insolvency matters. Practice head and ‘litigation powerhouse’ Robin Henry specialises in financial mis-selling claims and contentious insolvency matters, with particular expertise in the distressed debt space. With an increasingly international practice, Stephen Rosen has experience acting both for and against banks. Also experienced in cross-border disputes, Jean-Martin Louw boasts particular expertise in financial benchmark manipulation claims.
Practice head(s):
Robin Henry
Other key lawyers:
Stephen Rosen; Jean-Martin Louw
Testimonials
‘Robin Henry came highly recommended and I have not been disappointed. What I valued the most: 1. I was given honest (read commercial) advice. 2. The practice was not a one-man show as all the associates were very good. I would like to mention Jean-Martin Louw too.’
‘Collyer Bristow considers all aspects of their client’s needs and is deeply committed to understanding the needs of their clients.’
‘They bring together professionalism from various disciplines. This ensures that clients receive comprehensive advice that considers legal, financial and strategic considerations.’
‘They have deep knowledge and experience in the banking and investment industry. They foster a culture of collaboration, both within the firm and with clients.’
‘They go beyond simply addressing the immediate legal issue and take a strategic problem-solving approach.’
‘The qualities we value are the expertise and leadership shown by Robin Henry.’
‘A very experienced partner-led law firm with the partners dealing with the main litigation and not farming it out to an experienced associate.’
‘Robin Henry – quite simply a litigation powerhouse.’
Work highlights
Foot Anstey
Established in the recoveries and enforcement space, Foot Anstey has a strong track record acting for receivers. Praised for its ‘strength in depth’, the team also represents banks and lenders in fraud cases, backed by the firm’s cross-sector fraud practice. ‘Exceptional and knowledgeable’ James Gliddon acts for lenders and financial services institutions, with particular expertise in fraud, bribery, and corruption matters. He leads the team alongside Steven Richards, who focuses on contentious insolvency matters, including claims brought by insolvency officeholders against directors and other third parties. Chantale Hooper is experienced in asset recovery proceedings and business finance disputes.
Practice head(s):
Mark Rhys-Jones; James Gliddon; Steven Richards
Other key lawyers:
Chantale Hooper; Joanne Rumley; Edward Venmore; Lydia Lloyd; Laura Autiero; Ben Heaton; Vikki Jehu; Catherine Haugh
Testimonials
‘Foot Anstey has long experience of offering specialist legal support to lenders. It has strength in depth and provides excellent user-friendly service at all levels of seniority.’
‘James Gliddon has tremendous experience of handling lender disputes and brings a client friendly and calm head to every case. Ben Heaton is always efficient and approaches cases with commercial and practical considerations well in mind.’
‘Key differentiators are their strength in depth and their experience handling complex and long-running pieces of litigation. Vikki Jehu – responsive and on top of every single detail.’
‘The team is very good from top to bottom and has strength in depth. Not only are they good litigators but they understand the market, especially on issues such as banking fraud, carbon trading and financial services.’
‘James Gliddon is exceptional, knowledgeable and easy to work with. Catherine Haugh is a partner to be, very good on detail and a real team player.’
‘The clear, detailed and informative correspondence received. Responses are both helpful but always the right level of advice. I can always tell that time has been spent drafting emails to us, very helpful.’
‘Foot Anstey are sharia finance specialists with SME knowledge in that sector. As a mid-tier firm their offer very good client service with a dediacted team of two partners who assist us.’
‘They have a very good understanding of our specialist business and unique client base. It is helpful to have the same people work with you when it is less occasional work because they understand our niche business, and we do not have to re-explain that each time.’
Work highlights
Keidan Harrison
Specialist disputes firm Keidan Harrison boasts ‘genuine experience in the landmark cases in this sector’. Practice head Marc Keidan boasts an active multi-jurisdictional disputes practice that spans not only Europe, but also the US, India, and the Middle East. Luke Tucker Harrison enjoys a successful track record acting against financial institutions, particularly in fraud, negligence, and mis-selling claims. Qualified in New York, India, and England and Wales, Srishti Jain excels in disputes related to financial products. Kit Smith is experienced in breach of mandate and Quincecare claims.
Practice head(s):
Marc Kiedan
Other key lawyers:
Luke Tucker Harrison; Srishti Jain; Kit Smith; Dipti Hunter; Yarik Kryvoi
Testimonials
‘Marc Keidan is a force of nature. Truly indefatigable. Daunted by nothing. Ready to take on the biggest and best resourced banks. Strategic, energetic, unstoppable.’
‘Excellent banking team with genuine experience in the landmark cases in this sector.’
‘Marc Keidan is a banking disputes heavyweight and has been operating in the key cases in this area for many years.’
‘Luke Tucker Harrison leaves no stone unturned in fighting his client’s corner. He has a real knack for assembling the right team for any case, but unlike so many partners he’s all over the detail as well. Srishti Jain has a ferocious appetite for work, and fantastic judgement. Her views are always considered and valued. Yarik Kryvoi’s expertise on matters of Russian law is invaluable. His opinions always command respect.’
‘KH are quite simply one of the best boutique firms in London which is packed with talented lawyers and interesting cases.’
‘Dipti Hunter is a brilliant partner to have in a client’s corner: fiercely intelligent, deeply knowledgeable, and with a terrific sense of humour that can help defuse the tension in the most difficult cases. Marc Keidan is a big beast of the banking world: he is deeply knowledgeable about recent developments in a way that few solicitors are. He is genuinely fascinated by case law and is always seeking to give his clients the benefit of that information edge.’
‘Marc Keidan is the man the banks fear. He has a track record of taking on and beating the largest banks.’
‘Luke Tucker Harrison is a highly active lawyer, keen to be out and about and getting stuck in. He is not afraid of a challenge and relishes coming up with innovative solutions in cases where others might have said that there was nothing to be done. In the time that I have known Kit Smith, he has grown in stature. He is now a sure operator who is steeped in the law.’
Key clients
Hassan Saadat Yazdi & Kian Saadat Yazdi
Various Credit Suisse AT1 Bondholders
Work highlights
- Representing two Kuwaiti high-net-worth individuals (Hassan Saadat Yazdi & Kian Saadat Yazdi) in relation to £50m enforcement proceedings in the English Commercial Court.
- Acting in collaboration with Quinn Emanuel Urquhart & Sullivan in order to expand QE’s representation of holders of Credit Suisse’s Additional Tier 1 capital instruments (AT1 Bonds).
Wallace LLP
Wallace LLP is experienced in litigation against major banks and financial institutions. With a balanced claimant and defendant practice, ‘highly intelligent and capable partner’ Alexander Weinberg leads the team and has a strong track record acting both for and against financial institutions and hedge funds. Oli Goldman is experienced in fraud litigation within the banking sector and disputes around financial and interest rate hedging products. Philip Blyghton acts against financial institutions in group litigation, representing investors and retailers, and for them in misrepresentation and breach of contract claims.
Practice head(s):
Alexander Weinberg
Other key lawyers:
Oli Goldman; Philip Blyghton
Testimonials
‘Wallace runs a very tight and efficient practice to get difficult and ambitious group litigation up and running. They are very much about quality over quantity. The quality of their work is excellent, at both partner and associate level.’
‘Alex Weinberg is a highly intelligent and capable partner who thinks in great detail about the case and works brilliantly with counsel. The same applies to Philip Blyghton.’
‘I think they would be an excellent choice for someone looking for an aggressive team in any modestly sized commercial court dispute, but also for funders/group litigation firms looking to work with a commercial conflict free claimant side group action team who are prepared to take risks but also bring a quality and professionalism and financial services nous you won’t find at other firms.’
‘Alex Weinberg is enormously impressive and operates on a par with the best commercial litigation partners I have seen in the London market. Philip Blyghton’s a very impressive senior associate who works hard and retains very strong independence of judgement.’
‘Wallace’s Banking litigation team are uniquely able to dissect complex legal issues, explain them in plain language and suggest commercial solutions.’
‘Alex Weinberg and Philip Blyghton are experts in their field whose diligence and pragmatism set them apart from the rest.’
‘Outstanding ability to grasp complex issues and distill everything down to simple advice.’
‘Alex Weinberg and Philip Blyghton – outstanding advisors and litigators.’
Key clients
Retail investors in the LF Woodford Equity Income Fund
RGL Management Limited
Mothercare UK Limited (in liquidation)
DS Remco UK Limited
Viking Office UK Limited
Maplin Electronics Limited (in liquidation)
Encore Tickets Limited
The Caravan Club Limited
Signet Trading Limited
The Ambassadors Theatre Group Limited
BSCL Realisations Limited
BHS
Aurelius Group
Hydra Brokerage DMCC
Reefacre Limited
Work highlights
- Acting for a claimant group of thousands of retail investors in the LF Woodford Equity Income Fund who have issued High Court claims against Hargreaves Lansdown and Link Fund Solutions following the Fund’s high-profile suspension in June 2019 and subsequent announcement that it will be wound down, with losses of up to £1bn.
- Acting for a prominent claimant group, including a number of high-street retailers, in claims against MasterCard and Visa in relation to the unlawful fixing of interchange fees valued in excess of £100m.
Zaiwalla & Co
With an active cross-border practice, the ‘truly unique firm’ Zaiwalla & Co has developed particular expertise in the impact of international sanctions regimes on banking activities. The team is regularly called upon by international banks for representation against other major banking institutions and governments. ‘Amazing lawyer’ Leigh Crestohl brings extensive banking litigation experience to the team. Kartik Mittal is ‘extremely responsive and committed’ and experienced in the representation of international banks in UK litigation, as well as in disputes against Indian banks. Stephanie Limaco is another name to note.
Practice head(s):
Sarosh Zaiwalla
Other key lawyers:
Leigh Crestohl; Kartik Mittal; Stephanie Limaco
Testimonials
‘The senior partner Sarosh Zaiwalla and Leigh Crestohl are very capable senior solicitors in this field. They are ably supported by a group of highly motivated solicitors and legal assistants.’
‘Zaiwalla & Co it’s a boutique legal practice. Because of that they have a great capacity of being dedicated personally and around the clock to their cases and their clients. They have a great diversity of workers and they all have a great sense of partnership and collaboration.’
‘Leigh Crestohl is an amazing lawyer, dedicated to his work and always available to answer any given questions that his clients may have. Kartik Mittal is a bright lawyer, available around the clock to help his clients and with a very high sense of responsibility. Stephanie Limaco is an excellent bilingual lawyer, very intelligent and with great attention to details.’
‘Each member of the team had been chosen for the specific skills needed, but also all members had the full picture in view.’
‘Zaiwalla & Co is a premium disputes firm in banking litigation, specialising in complex international cases. Despite having a relatively small team, the quality is very high and their ability to conduct multiple major cases marks them out from the competition.’
‘Sarosh Zaiwalla remains at the top of his game as one of the leading disputes solicitors in London. He brings ingenuity commitment and an extraordinary breadth of experience to every matter. He is highly trusted by clients and has conducted some of the most important litigation in multiple fields over the decades.’
‘A truly unique firm led by the eponymous Sarosh Zaiwalla and backed by a very talented dedicated team. The firm provides 360 degree client care to some of the most commercial clients litigating in London today.’
‘Sarosh Zaiwalla, Leigh Crestohl, Kartik Mittal and Stephanie Limaro together with their associates and staff amounts to a very talented offering.’
Key clients
Central Bank Venezuela
Melli Bank
Oleg Sergeev
Said Gutseriev
Nixie Marine/Virgo Marine
Work highlights
- Acting for the Central Bank of Venezuela in a $980m Supreme Court matter against the Bank of England relating to Venezuela’s gold reserves.
- Acting for Bank Melli in a $7.5m claim against ICBC Bank in relation to funds frozen in ICBC bank accounts.
- Acting for a Dubai-based shipping company in a breach of contract claim against the law firm Reed Smith, who joined Barclays Bank as a party to the proceedings.