Banking and financial services litigation

In any high-stakes financial dispute you want to be certain that you have legal specialists on your side with decades of experience in the field. Our award-winning finance litigation practice has acted on some of the most high-profile and complex banking disputes.
  • Profile
  • Experience
  • Key contacts

Featuring leading litigation lawyers with Legal 500 and Chambers recognition, our team deals with many of the largest disputes of the day. We have the skills and experience to assist you with disputes involving the full range of financial products and structures including:

  • securitisations
  • CDOs
  • ABCP
  • swaps and derivatives
  • TEPs, TIPPs, GDRs and ADRs
  • Islamic finance structures
  • loan notes, promissory notes and bonds.

We advise clients on private and retail banking disputes; investment banking and structured finance disputes; trade finance disputes (including letters of credit, performance bonds, guarantees and bills of exchange); recovery strategies; asset finance disputes; and fraud and asset tracing matters.

We act for, and against, banks and other financial institutions; hedge funds, closed end funds, and other funds; corporates; insolvency practitioners; and individuals.

Our highly regarded financial regulatory and sanctions team represents institutions and individuals in a variety of investigations, with a particularly wide experience of advising on LIBOR and FX related investigations and sanctions issues.

We have litigators that can help you solve finance related disputes in High Court cases and arbitrations, as well as banking litigators in France, Dubai, Hong Kong and Singapore.

"Internationally capable group of finance litigators with extensive experience handling a diverse range of issues within the industry."
Chambers UK 2018

Tchenguiz Family Trust

Litigation against Kaupthing Bank (in liquidation). Together with a related claim, the sums at stake represented 1/3 of the GDP of Iceland. We won The Lawyer magazine's "Litigation Team of the Year" 2012 for our work on this litigation.


Representing FIM Advisers LLP in proceedings against it arising out of the operation of the largest Ponzi scheme in history. We are also advising a leading European bank on its global strategy in relation to its Madoff related exposure.


Acting in a claim brought by Goldman Sachs arising out of the termination of credit default swaps with a combined notional amount of US$500m. The claim settled on favourable terms on the first day of trial.

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.

Arch Cru

Obtained a favourable High Court judgment for a Guernsey protected cell company, and the underlying cells, in 2014 in respect of the new board's investigation into the collapse of the "Arch Cru" investment structure that resulted in massive losses to certain OEICs.


Advising in respect of a uniquely complex and innovative voluntary consumer redress scheme relating to the way in which its payment card protection products were sold to approximately 2 million retail customers.


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 fix manipulation investigations.

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.

Banking crisis and non-performing loans

Advising a number of European banks on hundreds of recovery and liability proceedings in several jurisdictions arising from multi-billion Euro loan portfolios including the impact of European and national banking and insolvency legislation.

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.


Edward Davis Partner

T:  +44 20 7809 2327
M:  Email Edward | Vcard Office:  London


Sue Millar Partner

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

Latest news & insights

22 Oct 2018

From Insights

Developments and trends in FCA enforcement (webcast 2018)

Ellen Gallagher takes a look at the trends emerging from FCA enforcement action against firms and individuals over the last year and looks forward to consider what the..


16 Oct 2018

From Insights

ISDA Master Agreements (webcast 2018)

In this episode, Jeremy Livingston, an associate in our finance litigation group, will focus on two recent English Commercial Court decisions concerning ISDA Master Ag..


10 Oct 2018

From Insights

An update on privilege following the Court of Appeal's judgment in SFO v ENRC [2018] EWCA Civ 2006 (webcast 2018)

In this webcast, Ben Sigler, a partner in our finance litigation group, will be discussing the practical implications of the Court of Appeal's judgment in Director of ..


02 Oct 2018

From Insights

Basis clauses – an update (2018 webcast)

In this webcast, Rabia Ramputh, a senior associate in our finance litigation group, will provide a brief overview of basis clauses and review some of the key decisions..


12 Sep 2018

From Insights

Competing jurisdiction clauses in interest rate swap cases

Two recent decisions, with similar facts, have provided clarity on the approach the Courts should take when faced with competing jurisdiction clauses.


15 Aug 2018

From Insights

Commercial Court rules that negative interest is not payable under an ISDA Credit Support Annex

The English Commercial Court has ruled that the standard form ISDA Credit Support Annex does not include an obligation on a Transferor of cash collateral to account fo..


25 Jul 2018

From Insights

Basis clause scrutinised in misrepresentation claim

A 'basis clause' is a clause that defines the relationship between the parties (for example, by providing that a party is not giving advice or making representations) ..


31 May 2018

From Insights

Basis clauses – an unfair relationship?

The High Court has rejected a claim by borrowers against a bank under s140A and 140B of the Consumer Credit Act 1974 (“CCA”) alleging that there was an unfair relation..


23 May 2018

From Insights

Finance litigation update – May 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..


11 Apr 2018

From Insights

Court of Appeal delivers judgment on the correct construction of the default valuation provisions in the GMRA (2000 version)

The English Court of Appeal has ruled on the correct construction of the default valuation provisions in the Global Master Repurchase Agreement (2000 version) ("GMRA")..


23 Mar 2018

From Insights

Return to the deep freeze?

UK/Russia diplomatic relations have hit a post-Cold War low following the recent poisoning of the former Russian spy Sergei Skripal and his daughter, Yulia, in Salisbu..


16 Mar 2018

From Insights

Court of Appeal hands down landmark judgment in Property Alliance Group Limited v The Royal Bank of Scotland plc

Ben Sigler and Sue Millar comment on the Court of Appeal's landmark judgment in Property Alliance Group Limited v The Royal Bank of Scotland plc [2018] EWCA Civ 355.


02 Feb 2018

From Insights

Bank liable to investors for "dropping the ball" in its role as arranger in securities offering

In the landmark judgment Golden Belt v BNP Paribas [2017] EWHC 3182 (Comm) the Commercial Court found, for the first time, that an arranging bank owed a limited duty o..


15 Jan 2018

From Insights

Are you sure?

A recent decision of the High Court has served as a useful reminder and warning to parties of the need to carefully draft contracts of suretyship, and the distinction ..


01 Dec 2017

From Insights

Court of Appeal rules investor has no contractual right of action against issuer in respect of bearer notes

The Court of Appeal has ruled that an investor with an interest in promissory Notes does not have a direct claim against the issuer for breach of contract in respect o..


01 Nov 2017

From Insights

Letters of credit in the Supreme Court: Some unintended consequences?

In Taurus Petroleum v SOMO the Supreme Court has granted a third party debt order and receivership order against an issuing bank over the proceeds of a letter of credi..


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