Featuring leading litigation lawyers with Legal 500 and Chambers recognition, our team deals with many of the largest disputes of the day. We have the skills and experience to assist you with disputes involving the full range of financial products and structures including:
- swaps and derivatives
- TEPs, TIPPs, GDRs and ADRs
- Islamic finance structures
- loan notes, promissory notes and bonds.
We advise clients on private and retail banking disputes; investment banking and structured finance disputes; trade finance disputes (including letters of credit, performance bonds, guarantees and bills of exchange); recovery strategies; asset finance disputes; and fraud and asset tracing matters.
We act for, and against, banks and other financial institutions; hedge funds, closed end funds, and other funds; corporates; insolvency practitioners; and individuals.
Our highly regarded financial regulatory and sanctions team represents institutions and individuals in a variety of investigations, with a particularly wide experience of advising on LIBOR and FX related investigations and sanctions issues.
We have litigators that can help you solve finance related disputes in High Court cases and arbitrations, as well as banking litigators in France, Dubai, Hong Kong and Singapore.
Stephenson Harwood is "technically very strong”.
The Legal 500 UK 2014
Tchenguiz Family Trust
Litigation against Kaupthing Bank (in liquidation). Together with a related claim, the sums at stake represented 1/3 of the GDP of Iceland. We won The Lawyer magazine's "Litigation Team of the Year" 2012 for our work on this litigation.
Representing FIM Advisers LLP in proceedings against it arising out of the operation of the largest Ponzi scheme in history. We are also advising a leading European bank on its global strategy in relation to its Madoff related exposure.
Acting in a claim brought by Goldman Sachs arising out of the termination of credit default swaps with a combined notional amount of US$500m. The claim settled on favourable terms on the first day of trial.
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.
Obtained a favourable High Court judgment for a Guernsey protected cell company, and the underlying cells, in 2014 in respect of the new board's investigation into the collapse of the "Arch Cru" investment structure that resulted in massive losses to certain OEICs.
Advising in respect of a uniquely complex and innovative voluntary consumer redress scheme relating to the way in which its payment card protection products were sold to approximately 2 million retail customers.
LIBOR and FX
Advising on a number of matters involving allegations of LIBOR manipulation and mis-selling. We have been involved in one of the major test cases on LIBOR issues and continue to advise on UK and international investigations. We are also advising on a number of matters involving allegations of misconduct and the use of anti-competitive devices in the FX market both in the UK and the USA. We have advised on a number of recent high profile international spot fix manipulation investigations.
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.
Banking crisis and non-performing loans
Advising a number of European banks on hundreds of recovery and liability proceedings in several jurisdictions arising from multi-billion Euro loan portfolios including the impact of European and national banking and insolvency legislation.
Acting for a global asset manager in connection with litigation relating to a portfolio of RMBS and CMBS assets including noteholder claims in England and securities fraud claims in New York and California.