Financial services disputes

Managing the successful resolution of financial services disputes is a core practice area of our multi-jurisdictional dispute resolution practice. A typical financial services dispute requires in-depth knowledge and experience of 3 inter-connected elements:

  1. The relevant legal principles and legal practice;
  2. The relevant financial services regulations and regulatory practice; and
  3. The relevant market practice.

Unlike many City law firms, our financial services dispute team contains experts in all three disciplines; as well as an extensive corps of experienced litigators well versed in the relevant legal principles and legal practice, our team includes an ex FSA regulator and a former senior market participant. This breadth of knowledge and experience allows us to advise clients in a quick, cost effective and comprehensive manner.

Uniquely for a City law firm, we have multi-jurisdictional onshore and offshore reach with a network of offices in the UK, the US, continental Europe, the Far East and offshore in the BVI.

As a result, our clients come from all over the world and cover the entire business spectrum. They include major financial institutions, owner managed businesses such as “boutique” hedge funds, trusts, family offices and individuals.

Recent work

  • Acted against one of the largest UK banks in a dispute over the making of a loan for the development of a household name supermarket and the related hedging of the loan by the use of an interest rate swap.
  • Acted against one of the world's largest investment banks in a dispute over their investment advice concerning a £20m portfolio.
  • Langbar v Rybak & Others - acted for the Rybak Defendants in response to fraud allegations and proprietary claims arising out of the high profile collapse of Langbar International (formerly Crown Corporation). The claim followed one of the largest collapses of a company on the Alternative Investment Market (AIM) and resulted in one of the biggest civil fraud trails of last year (57 days).
  • Valse v MLIB - claim on behalf of a family investment vehicle (managed in Switzerland) alleging breach of mandate against Merrill Lynch Investment Bank.
  • Actied for a German industrial company as 40% shareholder of a Dutch company in relation to a dispute over bridging finance of €180m lent to it by a syndicate of global banks. Our client asserted that the banks had an obligation to replace the bridge facility with a High Yield Bond.
  • Acted for a BVI hedge fund, and its BVI director in a dispute with its bank, and its English broker over the closure by the bank of the fund's trading positions in FTSE options on LIFFE and the consequent loss of €40 million.
  • Acted for a hedge fund in a dispute over the redemption of shares by a global bank and the termination of an option agreement by that bank under which it provided the funds for a leveraged class of share.

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