Contact details

Sue Millar

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

Awards

Commercial litigation and Public international law

Commercial litigation and Public international law

Banking litigation: investment & retail

Banking litigation: investment & retail

Banking litigation: investment & retail

Banking litigation: investment & retail

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.
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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 Millar is a measured lawyer, who understands both the legal intricacies of a case and the commercial needs of the client."
The Legal 500 UK 2020

  • Corporate trusts
  • Fraud and asset recovery
  • Finance litigation
  • Dispute resolution
  • Sanctions

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

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: Finance 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 and Public international law

Commercial litigation and Public international law

Banking litigation: investment & retail

Banking litigation: investment & retail

Banking litigation: investment & retail

Banking litigation: investment & retail

Latest news & insights

19 Oct 2020

From Insights

Pending litigation, impending Brexit: What next for dispute resolution clauses?

There has been a recent influx of cases before the English courts in relation to jurisdiction to determine a dispute.

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16 Oct 2020

From Insights

SAAMCO Returns: application of the principle to negligent audit claims

The Court of Appeal has recently considered the application of the SAAMCO principle in the context of an audit negligence case in AssetCo plc v Grant Thornton UK LLP. ..

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17 Sep 2020

From Insights

Finance litigation podcast

Welcome to our finance litigation podcast series.

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14 Sep 2020

From Insights

Fallout from the Swiss Flash Crash: market volatility, contractual terms and force majeure

The English courts have recently given judgment in a number of claims for losses resulting from the “Swiss Flash Crash” of 2015.

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07 Aug 2020

From Insights

Lamesa v Cynergy: mandatory law in standard form contracts

The Court of Appeal has upheld a decision that Cynergy Bank was justified in refusing to pay interest to Lamesa Investments in order to comply with “mandatory law” (th..

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09 Jul 2020

From Insights

Spotlight on search orders: what can you look for and when can you look at it?

In this article, we consider the scope of search orders and highlight key issues to be aware of following recent court challenges.

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07 Jul 2020

From Insights

Finance litigation: 10 legal risks

In this article, we examine key issues to be aware of from a legal perspective and highlight practical steps that can be taken to minimise risk.

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25 Jun 2020

From Insights

Finance litigation update – June 2020

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

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04 May 2020

From Insights

Advising on alternatives to LIBOR: the risks in going risk-free

LIBOR will cease to be published (or at least LIBOR panel banks will no longer be compelled to submit quotes) in December 2021.

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01 May 2020

From Insights

Stop it, whoever you are: injunctions against persons unknown

In recent years there has been a growing trend for injunctions against unnamed defendants or “persons unknown”.

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14 Apr 2020

From Insights

Notice Clauses in Finance Contracts: Alfred Street v NAMA & Ors

In a recent decision, the Commercial Court has provided guidance on the interpretation of the ISDA Master Agreement and 2000 Definitions.

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06 Apr 2020

From Insights

OFSI sharpens its teeth

As we explained in a previous briefing, in April 2017, the Office of Financial Sanctions Implementation (“OFSI”) was given powers to impose monetary penalties for brea..

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26 Mar 2020

From Insights

Contracts and COVID-19: 10 Top tips

Nobody knows what will happen over the coming months. But decisions on complying with contractual obligations need to be taken now nonetheless. We highlight key issues..

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20 Dec 2019

From Insights

Finance litigation update - December 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..

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18 Nov 2019

From Insights

Singularis: Quincecare revisited

In a significant ruling regarding financial institutions’ duties of care to their customers, the Supreme Court has unanimously dismissed Daiwa’s appeal in Singularis H..

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07 Nov 2019

From Insights

Don’t stand so close to me: when is leaving a claim form near to someone good service? Gorbachev v Guriev

A claim form may be served personally on an individual by “leaving it with” that individual (CPR 6.5(3)). But what does that mean in practice?

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