Contact details

Sue Millar

T: + 44 20 7809 2329 M: + 44 7825 625 898 Email Sue | Vcard Office: London

Awards

Banking litigation and Litigation

Banking litigation and Litigation

Woman Lawyer of the Year 2017

Woman Lawyer of the Year 2017

Banking litigation; Commercial litigation and Public international law

Banking litigation; Commercial litigation and Public international law

Sue Millar Partner

Contact details

Sue Millar

Sue Millar
Partner

T: + 44 20 7809 2329 M: + 44 7825 625 898 Email Sue | Vcard Office: London

Sue is an experienced and well-respected litigator whose expertise in commercial and banking litigation is recognised by Chambers UK. Clients value her responsiveness and her commitment to finding solutions to complex problems. She co-heads the firm's "technically strong" finance litigation team.
  • Profile
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Sue is a finance litigation specialist. She focuses on investment banking disputes, involving highly complex products and structures. Her expertise extends to commercial and private banking and trade finance disputes.

She is also recognised for her expertise in commercial dispute resolution where her pragmatic approach wins praise. Clients describe her as knowing "the best deal and how to achieve it". She advises a diverse range of clients including insurance brokers, asset managers, corporate and pension trustees and insolvency professionals.

Sue also leads the firm's sanctions group. She advises on a range of contentious and non-contentious issues arising in relation to the various Iranian, Libyan, Syrian and Russian sanctions regimes. Her experience in this area extends to acting for designated entities and individuals in challenging their designations before the EU Courts.

Sue co-heads the firm's Iran group with Dubai managing partner, Rovine Chandrasekera.

"fearless in representing clients' interests"
The Legal 500 UK 2017

  • Fraud and asset tracing
  • Banking and financial services litigation
  • Dispute resolution
  • Sanctions

Eastern European bank

Acting for the insolvency administrator of an Eastern European bank in claims against its former owner following the bank's collapse.  The proceedings resulted in the former owner being committed for contempt and our client's case succeeding in its entirety at trial.

Joint venture dispute

Acting for a Russian businessman in dispute with his former joint venture partner in relation to a fleet of factory ships and involving allegations of fraud and multiple injunctive proceedings in the Cayman Islands, London and Korea.

Insurance broker

Acting for an insurance broking client against an insured who made fraudulent claims for loss. The claim against the insurance broker collapsed on the first day of trial with indemnity costs being awarded in our client's favour.

Russian businessman

Acting for a Russian businessman following the State enforced closure of his business operations in Russia.

AHAB

Acting for a claimant bank seeking to recover funds against the AHAB conglomerate following allegations of wide-scale fraud exceeding US$9 billion and affecting in excess of 100 banks.

British Arab Commercial Bank

A high profile claim against AHAB, a Saudi Arabian conglomerate, to recover sums loaned to one of its subsidiaries, ATS. Identified as one of The Lawyer's top 20 cases of recent years, the bank's claim was successful at trial.

Eastern European bank collapse

Acting for the bank’s insolvency administrator on claims against a business man who is subject to civil and criminal fraud proceedings in various jurisdictions. We have obtained freezing, third party disclosure and search orders and had 8 separate court hearings, all of which have been successful.

Private bank

Acting for a well-known private bank against mis-selling and negligent advice claims brought by high net worth individuals arising out of events leading to the commencement of the global financial crisis.

More: Banking and financial services litigation

Insurance brokers

Advising a global firm of insurance brokers on a number of claims alleging negligent placement of insurance, including a successful defence following the collapse of a dishonest claimant's claim at trial.

Asset management company

Advising in relation to multiple US proceedings against various investment banks in relation to a very significant portfolio of allegedly mis-sold bonds.

Corporate trustee

Advising in matters arising from a financial institution's liability management exercise pursuant to which it invited bondholders to exchange their bonds for cash and thereafter in relation to a threatened subordinated liability order pursuant to which bondholders' rights would be significantly reduced and/or extinguished.

More: Dispute resolution

Two individuals

Advising two formerly designated individuals on their international strategy, including sanctions-related challenges in the EU and the English Administrative Court by way of judicial review proceedings, dealing with UK regulators and lobbying the UK and the EU.

Asset management company

Advising an asset management company, majority of it owned by a designated entity and managing its assets, on its rights and obligations under the relevant sanctions regime. This included liaising with regulators in a number of jurisdictions and obtaining licences from HMT and OFAC, permitting its continued operation.

Sanctioned entities

Advising designated entities and individuals on their sanctions related challenges in the General Court and Court of Justice in the EU.

More: Sanctions
  • Funds and financial services

Private bank

Acting for a private bank in proceedings brought by a high net worth individual arising from the gating of the AIG Premier bond at the beginning of the global financial crisis.

Asset manager

Acting for an asset manager impacted by targeted sanctions and involving negotiations and liaison with HMT, OFAC and other competent authorities in the EU and offshore jurisdictions. Subsequently advising on disputes with certain service providers.

European fund manager

Advising a European on fund manager on claims arising from the collapse of a Portuguese bank.

  • Iran
  • CIS and CEE

British Iranian banks

Advising three British Iranian banks on their re-integration into the international banking community following the lifting of sanctions on Implementation Day.

Enforcement advice

Advising a British Iranian bank on its rights to enforce security against a defaulting borrower under the then prevailing EU sanctions regime.

Multi-million pound arbitration award enforcement

Advising an Iranian entity on the enforcement of a multi-million pound arbitration award.

Market entry advice

Advising a number of UK and international companies on market entry into Iran.

Regulatory compliance advice

Advising a financial services company on its compliance policies and procedures for re-engaging with Iranian business.

Inbound investment – Iran 

Advising a number of asset management companies on proposed investments into Iran.

More: Iran

Eastern European bank insolvency

Acting for an Eastern European bank’s insolvency administrator on claims against its former owner, a Russian businessman, who is subject to civil and criminal fraud proceedings in various jurisdictions.

Joint venture dispute

Acting for a Russian businessman in dispute with his joint venture partner, and advising in relation to proceedings in London, the Cayman Islands, Russia and Korea.

Sale and purchase agreement claims

Advising a Russian businessman on claims arising in connection with a personal guarantee for his company’s obligations under a sale and purchase agreement, including in relation to injunctive relief and subsequently settlement.

More: CIS and CEE

Awards

Banking litigation and Litigation

Banking litigation and Litigation

Woman Lawyer of the Year 2017

Woman Lawyer of the Year 2017

Banking litigation; Commercial litigation and Public international law

Banking litigation; Commercial litigation and Public international law

Latest news & insights

31 May 2018

From Insights

Basis clauses – an unfair relationship?

The High Court has rejected a claim by borrowers against a bank under s140A and 140B of the Consumer Credit Act 1974 (“CCA”) alleging that there was an unfair relation..

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23 May 2018

From Insights

Finance litigation update – May 2018

Welcome to the latest finance litigation update, in which we summarise some of the most significant cases relevant to banks and other financial institutions over the l..

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23 Mar 2018

From Insights

Return to the deep freeze?

UK/Russia diplomatic relations have hit a post-Cold War low following the recent poisoning of the former Russian spy Sergei Skripal and his daughter, Yulia, in Salisbu..

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16 Mar 2018

From Insights

Court of Appeal hands down landmark judgment in Property Alliance Group Limited v The Royal Bank of Scotland plc

Ben Sigler and Sue Millar comment on the Court of Appeal's landmark judgment in Property Alliance Group Limited v The Royal Bank of Scotland plc [2018] EWCA Civ 355.

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02 Feb 2018

From Insights

Bank liable to investors for "dropping the ball" in its role as arranger in securities offering

In the landmark judgment Golden Belt v BNP Paribas [2017] EWHC 3182 (Comm) the Commercial Court found, for the first time, that an arranging bank owed a limited duty o..

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15 Jan 2018

From Insights

Are you sure?

A recent decision of the High Court has served as a useful reminder and warning to parties of the need to carefully draft contracts of suretyship, and the distinction ..

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01 Dec 2017

From Insights

Court of Appeal rules investor has no contractual right of action against issuer in respect of bearer notes

The Court of Appeal has ruled that an investor with an interest in promissory Notes does not have a direct claim against the issuer for breach of contract in respect o..

More

20 Oct 2017

From News

Partner Sue Millar named 'Woman Lawyer of the Year'

Commercial litigation partner, Sue Millar, was named 'Woman Lawyer of the Year' at the Law Society Excellence Awards 2017, held in London last night.

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16 Oct 2017

From Insights

Consequences of President Trump's refusal to re-certify the Iran Deal

On Friday 13th October, President Trump announced the results of the US strategic review of its policy towards Iran. We provide a summary of those conclusions and what..

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01 Aug 2017

From Insights

Iran imposes reciprocal sanctions on US entities

On 26 March 2017, the Islamic Republic of Iran ("Iran") imposed sanctions on 14 US entities and individuals in response to the US Government's imposition of additional..

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01 Aug 2017

From Insights

New reporting requirements for certain businesses and professions

On 8 August 2017, the European Union Financial Sanctions (Amendment of Information Provisions) Regulations 2017 (the "Regulations") will come into force

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13 Apr 2017

From Insights

New monetary penalties for breaches of financial sanctions

When the OFSI was established on 31 March 2016, the Former Chancellor of the Exchequer, George Osborne, signalled the UK Government's intention to introduce civil pena..

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09 Feb 2017

From News

Stephenson Harwood wins KPMG's Sustainable Procurement Award

Law firm Stephenson Harwood LLP has been named KPMG's Sustainable Supplier of the Year for its work and partnership with the Stephen Lawrence Charitable Trust (the Tru..

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30 Jan 2017

From News

Sue Millar named in The Lawyer's Hot 100

Stephenson Harwood partner Sue Millar, co-head of the firm's finance litigation team, has been named in The Lawyer's Hot 100 – finance list.

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29 Nov 2016

From Insights

FCA Remediation and Redress Schemes – recent developments webcast

We take a look at recent developments in the FCA's approach to remediation and consumer redress schemes.

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22 Nov 2016

From Insights

ISDA Master Agreements - a brief update webcast

In this webcast, we review two recent cases in which the English courts have considered the termination and close-out provisions of ISDA Master Agreements.

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© Stephenson Harwood LLP 2016. Any reference to Stephenson Harwood in this document means Stephenson Harwood LLP and/or its affiliated undertakings. Any reference to a partner is used to refer to a member of Stephenson Harwood LLP.