Investment funds
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.
Fraud and asset recovery
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.
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.
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.
Commercial 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: Commercial litigation
Corporate trusts
Fairhold Securitisation Limited
Advising the corporate trustee on its rights and obligations arising from the wrongful acts of a third party in purporting to put the securitisation vehicle into administration and thereafter preventing illegitimate attempts at enforcement against the trust assets.
Corporate trustee
Defending a corporate trustee against an allegation of breach of trust, resulting in an amicable settlement.
Corporate trustee
Advising a corporate trustee in its claim against an arranger of a securitisation for misrepresentation.
More: Corporate trusts
Finance litigation
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:
Finance litigation
Dispute resolution
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
Sanctions
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.
Government entity
We advised a government entity in the defence sector in a decades-long commercial dispute. The matter concerned long-running proceedings in the English Commercial Court which considered the effect of sanctions in the commercial courts, one of the only judgments of its kind. This involved the UK and the Netherlands.
More:
Sanctions