Banking and financial services litigation

In any high-stakes financial dispute you want to be certain that you have legal specialists on your side with decades of experience in the field. Our award-winning finance litigation practice has acted on some of the most high-profile and complex banking disputes.
  • Profile
  • Experience
  • Key contacts

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:

  • securitisations
  • CDOs
  • ABCP
  • 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.

Arch Cru

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.


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.

Securities litigation

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.


Edward Davis Partner

T:  +44 20 7809 2327
M:  Email Edward | Vcard Office:  London


Sue Millar Partner

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

Latest news & insights

12 Jul 2016

From Insights

A guide to commercial litigation: a step by step approach

Our guide provides an outline of the different stages in court proceedings in England and Wales and sets out some of the options available to those involved in litigat..


21 Oct 2014

From Insights

The new regulatory regime for individuals in banking webcast

We review the key recent developments in financial services regulation and enforcement over the past twelve months.


14 Oct 2014

From Insights

ISDA Master Agreements – latest developments webcast

We review the latest developments in the case law with regard to ISDA Master Agreements.


09 Oct 2014

From Insights

Contractual notions of discretion and commercial reasonableness webcast

We review the court's approach to contractual notions of discretion and commercial reasonableness.


29 Sep 2014

From Insights

Financial mis-selling – a brief re-cap and an update webcast

In this webcast, we provide a brief recap and review the recent developments in financial mis-selling claims.


08 Jul 2014

From Insights

The data protection and FOI regimes in the context of litigation webcast

We examine how the UK data protection regime applies to regulate the information disclosed.


24 Jun 2014

From Insights

The effect of disclosure orders on third parties webcast

We focus on two of the remedies which are available to a person who has been wronged to obtain information from a person who is not, or is unlikely to become, a party ..


05 Jun 2014

From Insights

The effect of freezing orders on third parties webcast

We review how freezing orders can affect third parties and what steps they can take to protect themselves.


15 Apr 2014

From Insights

Finance litigation LegalEye Spring 2014

The Court of Appeal considers whether a final determination by the Financial Services Ombudsman is the end of the matter plus more.


06 Feb 2014

From Insights

How to obtain the evidence of third party witnesses webcast

We provide an analysis on whether an individual can be compelled to give witness evidence in civil proceedings before the English court or before a foreign court.


05 Feb 2014

From Insights

Sovereign immunity: whose assets are they freezing anyway?

Richard Garcia writes for Butterworths Journal of International Banking and Financial Law.


16 Jan 2014

From Insights

Finance litigation Legal Eye - January 2014

We look at financial mis-selling claims: latest Court of Appeal decision plus more


08 Dec 2013

From Insights

Legal Business magazine banking litigation survey

Read more about our joint research project with Legal Business which looks at post-recession banking litigation trends.


05 Dec 2013

From News

Survey highlights banks' fears over increasing disputes

International law firm Stephenson Harwood LLP and Legal Business magazine have undertaken a joint research project into post-recession banking litigation trends.


21 Oct 2013

From Insights

Demand guarantees - latest developments webcast

We review two recent cases which highlight the importance of careful and accurate drafting of demand guarantees and any related documentation.


14 Oct 2013

From Insights

ISDA Master Agreements - latest developments 2013 webcast

Ed Davis reviews two recent cases in which the English courts have considered the termination and close-out provisions of ISDA Master Agreements.


© 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.