Contact details

Sue Millar

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

Awards

Commercial litigation; Public international law

Commercial litigation; Public international law

Banking litigation: investment and retail

Banking litigation: investment and retail

Banking litigation and Litigation

Banking litigation and Litigation

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
  • Services
  • Sectors
  • Locations

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.

"Sue's advice is well thought out and always explores the various possible scenarios. Her responses are always prompt and timely."
Chambers UK 2019

  • 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

Commercial litigation; Public international law

Commercial litigation; Public international law

Banking litigation: investment and retail

Banking litigation: investment and retail

Banking litigation and Litigation

Banking litigation and Litigation

Latest news & insights

15 Oct 2019

From Insights

Standard clauses in finance contracts – why include them? (2019 webcast)

In this webcast, senior associate Rabia Ramputh reviews key cases from this year which highlight the importance of including certain standard clauses in finance contra..

More

07 Oct 2019

From Insights

Senior Managers and Certification Regime update 2019 (2019 webcast)

In this webcast, Alex examines some of the lessons learned as the implementation of the SMCR has bedded down for banks, building societies and other deposit takers and..

More

01 Oct 2019

From Insights

ISDA Master Agreements (2019 webcast)

In this webcast, Jeremy talks about two recent decisions concerning the Courts’ approach to interpreting some of the standard terms contained within the ISDA documenta..

More

30 Sep 2019

From Insights

What does “mandatory law” really mean? Lamesa v Cynergy

Many finance contracts contain general provisions regarding compliance with “mandatory” laws. What actually constitutes a mandatory law in the field of international s..

More

11 Sep 2019

From Insights

Closing bank accounts: courts put banks under pressure

As the crackdown on economic crime continues, it is no surprise that the number of complaints regarding bank account closures is growing.

More

23 Jul 2019

From Insights

POCA up: suspicion sufficient for bank to kiss goodbye to its customer

Last month, the Law Commission published its final report on the system of voluntary disclosures under the Proceeds of Crime Act 2002, which offer the National Crime A..

More

20 Jun 2019

From Insights

Successor note trustee roles (opportunities and pitfalls)

The exponential growth of the debt capital markets before the Lehman crisis, and increasingly complex issues and conflicts arising on highly structured transactions, h..

More

12 Jun 2019

From Insights

Finance litigation update - June 2019

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..

More

30 May 2019

From Insights

No shortcuts to service under the Hague Convention: Punjab National Bank v Boris Shipping & Ors

With the potential repeal of the EU Service Regulation, parties to litigation in the EU may need to consider other ways to serve legal proceedings abroad.

More

15 Mar 2019

From Insights

Putting a "stop" to Contractual Estoppel: but on what basis?

Contractual Estoppel has been described as giving "super-charged effect to bank boilerplate clauses". But to what extent did last year's Court of Appeal judgment in Fi..

More

21 Feb 2019

From Insights

No breach of fiduciary duty by broker for failure to disclose level of commission

In Medsted Associates Ltd v Canaccord Genuity Wealth (International) Ltd [2017] EWHC 1815 (Comm) Teare J held that a broker owed fiduciary duties to investors introduc..

More

14 Feb 2019

From Insights

UK sanctions post-Brexit

On 23 May 2018, the Sanctions and Anti-Money Laundering Act (the "Sanctions Act") received Royal Assent. The Act is intended to give the UK the power to control its sa..

More

20 Dec 2018

From Insights

Economic sanctions: foreign policy tool or signal?

We have in recent years lived through a period of unprecedented growth in the use of economic sanctions as a foreign policy tool. Read our recent article for the 'A Wo..

More

29 Nov 2018

From Insights

Finance litigation update - November 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..

More

05 Oct 2018

From Insights

Stepping in or over-stepping?

The Court has recently been called upon to consider the validity of the purported appointment of administrators over the issuer of notes by a noteholder purporting to ..

More

04 Oct 2018

From News

Stephenson Harwood hosts inaugural Women in Shipping event

Law firm Stephenson Harwood LLP has hosted its inaugural networking event specifically for women involved in the shipping industry. Held in Oslo, Norway, on 26 Septemb..

More

print-footer
logo
© 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.