Contact details

Richard Gwynne

T: +44 20 7809 2321 M: +44 7789 873 908 Email Richard | Vcard Office: London


Banking litigation and Commercial litigation

Banking litigation and Commercial litigation

Richard Gwynne Partner

Contact details

Richard Gwynne

Richard Gwynne

T: +44 20 7809 2321 M: +44 7789 873 908 Email Richard | Vcard Office: London

Richard has long experience in resolving a very wide range of complex commercial disputes, most of which have a cross border dimension. This may be through litigation, arbitration or ADR or old fashioned negotiation.
  • Profile
  • Services

Richard's experience includes working on matters concerning banking and finance looking at derivative disputes, transactional issues, trade finance and significant recovery actions including claims against third parties; shareholder, joint venture and investor oppression issues; and cross border disputes, managing litigation across numerous jurisdictions.

His recent work includes acting for SPL Guernsey in various claim against investment managers, former directors and auditors arising out of the Arch Cru affair. Richard has also acted in a high profile LIBOR dispute arising out of a substantial multi party international financing (including a derivative) which is one of the lead cases on this issue.

Richard has written and spoken frequently, in particular on cross border issues and trade finance matters.

He is a member of the ICC UK Committee on Banking Technique and Practice and was also a member of an ICC working party on the use of a-national dispute resolution provisions in international contracts. He also acted with ICC UK on particular concerns arising out of the negotiations for the entry into the Rome I Regulation.

  • Banking and financial services litigation
  • Commercial litigation
  • International arbitration
  • Trade finance

Richard has extensive experience of complex banking and financial disputes. Recent examples include:

Acting for a Central European bank in a dispute with a US investment bank regarding derivatives in relation to the Lehmans' insolvency including issues with the administrators.

Acting for a Central European bank in a dispute relating to derivatives with an Icelandic bank.

Acting for an insurance company in a dispute with a US hedge fund and a UK clearing bank relating to debt trades.

Acting for Unitech Limited in a leading test case relating to LIBOR issues.

More: Banking and financial services litigation

Richard has acted in many substantial disputes relating to investment matters including shareholder disputes. Examples include:

Acting for SPL Guernsey Limited and its cell companies in claims against its former investment managers, directors, administrators and auditors arising out of the Arch Cru affair. Also dealing with related insurance and insolvency issues.

Acting for the administrators of B&C in relation to claims against various parties arising out of the collapse of Atlantic Computers.

Acting for the majority shareholders in what was then BSB in relation to matters arising out the establishment of the UK satellite TV industry including the merger with SKY and a major unfair prejudice petition which was successfully resisted.

More: Commercial litigation

Richard has expensive international arbitration experience. This includes:

Acting for a Central European bank in a dispute with a former CIS government which is subject to ICC arbitration.

Acting for an investor in relation to a dispute with other investors in relation to an Eastern European bank. Following an ICC arbitration we successfully obtained an award for over €30 million and then negotiated a complex settlement agreement.

Acting for Unitech Limited in relation to various complex enforcement issues in relation to various LCIA awards.

More: International arbitration

Richard has longstanding trade finance experience and speaks and writes regularly on the subject. He has been involved in many of the leading cases on trade finance issues including among others:

Seaconsar Far East Limited v Bank Markazi

Jurisdiction issues relating to a letter of credit which went to the House of Lords and issues on the merits which went to the Court of Appeal.

Santander v Paribas

The leading case on deferred payment credits which went to the Court of Appeal.

Mashreq Bank v Munradtech

On priority issues under assignments of proceeds of a letter of credit.

KBC Bank v Industrial Steels

Fraud issues relating to a presentation under a letter of credit.

More: Trade finance


Banking litigation and Commercial litigation

Banking litigation and Commercial litigation

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