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.

“…They actually give an opinion…A guiding hand in challenging times.”
Chambers UK 2015

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 82 59 15 48 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

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..


04 Jul 2019

From Insights

Equitable set-off and the implied duty of cooperation: AMC III Purple B.V. v Amethyst Radiotherapy Limited

The High Court has granted summary judgment on a claim for payment under two loan agreements. In granting judgment, the court considered (but ultimately rejected) the ..


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..


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.


27 Mar 2019

From News

Stephenson Harwood advises ABN AMRO Bank N.V. on loan facility to Star Bulk Carriers Corp. for the financing of scrubbers

Law firm Stephenson Harwood LLP has advised ABN AMRO Bank N.V. (ABN) – in its capacity as arranger and sole lender – on a buyer credit facility in relation to a loan t..


10 Jul 2018

From News

Banking practice launched in Singapore with hire of Gregory Xu

International finance practice strengthened with the appointment of consultant Gregory Xu, who will launch a general banking practice in Singapore.


20 Apr 2018

From News

Stephenson Harwood wins 'Banking and Finance Team of the Year' at Middle East Legal Awards

Law firm Stephenson Harwood LLP has won the 'Banking and Finance Team of the Year' award at the Middle East Legal Awards 2018.


16 Mar 2018

From News

Stephenson Harwood wins European Banking & Finance Award at The Lawyer European Awards

The Paris office of the law firm Stephenson Harwood LLP has won the 'European Banking and Finance Deal of the Year' award at The Lawyer European Awards.


22 Feb 2018

From Insights

Initial Coin Offerings and regulation - a review of significant jurisdictions

As anyone who is active in the blockchain space is very well aware, 2017 has seen an enormous increase in the number of "Initial Coin Offerings" (ICOs) that have been ..


05 Dec 2016

From News

Stephenson Harwood wins asset finance legal provider of the year award

Law firm Stephenson Harwood LLP has won the asset finance legal provider of the year award at the Leasing Life Awards. The firm has been recognised for the strength of..


30 Nov 2016

From Insights

The long-awaited LMA real estate security document has arrived

Jacqueline Cook was interviewed by LexisNexis regarding the new LMA Real Estate Finance Security Agreement which will be of broad interest to those involved in finance..


02 Feb 2016

From News

Stephenson Harwood boosts its contentious and non-contentious trade finance practice in Hong Kong

Stephenson Harwood has appointed partners King Tak Fung and Ivan Ng from Eversheds in Hong Kong. They have been joined by a further five associates.


29 Jan 2016

From Insights

Are a bank’s in-house lawyers senior managers under the SMR?

The FCA has confirmed that it is to initiate a consultation to clarify the circumstances in which a bank’s in-house lawyer has an “Overall Responsibility” function req..


25 Jan 2016

From News

Sue Moore listed in The Lawyer's Hot 100

Our head of finance is among the lawyers included in the finance category.


© 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.