Banks and banking

We advise banks and financial institutions across the world on transactional and contentious matters and in relation to every aspect of their business. We work closely with leading banks (including investment, central, development, clearing, retail, EXIM and boutique banks), asset and wealth managers, intermediaries, funds and pensions providers advising on the full range of commercial, corporate and regulatory matters.
  • Profile
  • Experience
  • Key contacts

Our work with banks and financial institutions is central to our practice. When Stephenson Harwood was founded in 1875 one of our first clients was the Hong Kong and Shanghai Banking Corporation. This relationship still holds true today. Although our firm and banking practice has grown substantially from our beginnings our work with banks and financial institutions remains a key focus of the firm.

Our services include:

  • public and private M&A
  • joint ventures and other corporate advice
  • litigation including experience of advising on LIBOR and FX related investigations, High Court cases and arbitrations and sanctions issues in France, Dubai, Hong Kong, Singapore and South Korea
  • debt and equity capital markets
  • structured, leveraged and asset financing
  • antitrust
  • outsourcing
  • data protection
  • employment, pensions, investments and benefits
  • restructuring and insolvency
  • regulatory and governance (including litigation)
  • tax
  • IP
  • corporate finance
  • funds
  • private wealth / private client matters

We offer pragmatic, commercial and timely advice and are committed to the banking industry.

"The firm has longstanding relationships with the main bank players in the market and understands the particular drivers and requirements of the relevant bank lender. The team’s ability to see both perspectives means that the team members are pragmatic and will not pursue a point for sake of argument, which wastes time."
The Legal 500 UK 2022

HSBC, RBS, Wells Fargo, Helaba, Sumitomo Mitsui, Credit Agricole and Barclays

Advised on a £540 million facility to Mount Eden Land Limited secured on the Langham Estate.


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 FX manipulation investigations.

The Co-operative Group

Advising the bond trustee on issues arising in relation to a liability management exercise involving an exchange offer and a scheme of arrangement in relation to nine subordinated bond issues by The Co-operative Bank plc aggregating in excess of £1.2 billion.

Wells Fargo

We advised Wells Fargo who provided financing to Cerberus Capital Management, LP in relation to its acquisition of Dutch SPVs owning 6 regional shopping centres across the UK.

We also advised Wells Fargo Capital Finance as lender and co-lead arranger (alongside Silicon Valley Bank) on a £45 million senior secured credit facility agreement to finance the take private acquisition of Kewill plc by Francisco Partners.

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.

Regulatory reporting

Advising a Middle Eastern bank on compliance with the EU's Capital Requirements Directive and Regulations and the reporting framework established by the PRA in COREP to harmonise supervisory reporting standards.

BNP Paribas US$1.1 billion ship financing for Nigerian LNG Limited

Advised Bonny Gas Transport, a subsidiary of Nigeria LNG, on the purchase of six Korean newbuild LNG vessels partly financed by complex financing arrangements involving two separate ECA-backed tranches and a commercial bank tranche with pooled security. We represented each of the lenders of these facilities.

Deutsche Bank AG, $1.2 billion loan for 12 container ships

Advised on a multi-tranche syndicated K-sure backed loan facility for the partial financing of 7 14,500 and 5 18,800 TEU container ships for wholly-owned subsidiaries of United Arab Shipping Company

Directors and officers liability

Advising on claims following high profile corporate collapses. We also act for insolvency practitioners and others in investigating and pursuing recoveries from former management.

Yann Beckers Partner

T:  +33 1 44 15 82 11
M:  +33 6 07 00 52 74 Email Yann | Vcard Office:  Paris


James Linforth Partner

T:  +44 20 7809 2060
M:  Email James | Vcard Office:  London


Saugata Mukherjee Partner

T:  +65 6622 9695
M:  Email Saugata | Vcard Office:  Singapore


Mark Reed Partner

T:  +852 2533 2888
M:  +852 9353 1359 Email Mark | Vcard Office:  Hong Kong

Latest news & insights

11 Nov 2022

From Insights

UK sanctions: prohibition on the maritime transportation of crude and petroleum oil and products

On 5 December 2022, the 16th amendment1 to the UK's sanctions against Russia, The Russia (Sanctions) (EU Exit) Regulations 2019 (the "Regulations")2, comes into force ..


09 Nov 2022

From Insights

Reservation of Rights Letters following Lombard North Central plc v European Skyjets Ltd (in liquidation)

This article looks at the recent Lombard North Central v European Skyjets Ltd (in liquidation) case, which provided a useful reminder that a lender's conduct following..


25 Oct 2022

From News

Stephenson Harwood named key player by India Business Law Journal

Law firm Stephenson Harwood LLP has been named a key player by India Business Law Journal, for the sixth consecutive year. It was recognised alongside 14 other leading..


14 Jan 2022

From Insights

A guide to the sale and purchase of yachts webinar

The Stephenson Harwood superyacht team recently hosted its fourth panel discussion on ‘A guide to the sale and purchase of yachts'.


06 Dec 2021

From News

Philip Clarke joins Stephenson Harwood as partner

Law firm Stephenson Harwood LLP has strengthened its regulatory practice with the addition of Philip Clarke, who joins the firm as a partner in Dubai.


19 Jan 2021

From Insights

Que faut-il retenir du projet de réforme du droit des sûretés ?

Le Ministère de la Justice a soumis à consultation publique jusqu’au 31 janvier 2021 son avant-projet d’ordonnance portant réforme du droit des sûretés.


21 Dec 2020

From Insights

Travelport v WEX: what constitutes a material adverse effect?

In a recent judgment, the Commercial Court considered the extent to which the pandemic constitutes a material adverse effect (“MAE”) within the context of a sale and p..


10 Nov 2020

From News

Stephenson Harwood advises NAB on a US$178 million limited recourse financing

Stephenson Harwood (Singapore) Alliance has advised National Australia Bank Limited (NAB) on the structuring and documentation of a US$178 million limited recourse fin..


28 Oct 2020

From News

Stephenson Harwood (Singapore) Alliance advises on US$120 million JOL financings

Stephenson Harwood (Singapore) Alliance has advised a specialist in international transport finance on two separate Japanese Operating Lease (JOL) financings of four A..


15 Oct 2020

From Insights

Ship finance green finance bulletin

This publication explores the approaches being taken by the ship finance industry in making this transition and sets out views on future steps needed in order to promo..


12 Aug 2020

From Insights

Stephenson Harwood commissioned to author United Arab Emirates Banking & Finance Law 2020 guide by LexisNexis Middle East

Stephenson Harwood’s Middle East banking and finance team have been commissioned by LexisNexis Middle East to author the United Arab Emirates (“UAE”) General Banking &..


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..


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..


05 Nov 2019

From News

Stephenson Harwood advises on Epic Gas fleet refinancing

Stephenson Harwood (Singapore) Alliance has advised ABN AMRO and Crédit Agricole on the major refinancing of a portfolio of 20 ships for Epic Gas, involving a US$201 m..


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..


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..


© 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.