Financial services

We successfully represented the holders of US bonds to the value of USD$200 million in lawsuits against a rating agency and an indenture trustee of a private placement

Acting for BVI court-appointed liquidators of multiple hedge funds, leading cross-border team, seeking recognition and recovery of assets in Hong Kong, Switzerland, Monaco, Channel Islands, Bahamas and US.

Represented high-profile Managing Member of multi-billion dollar hedge fund in litigation involving the termination of an analyst.

Advising a syndicate of banks in connection with the €225 million financing for the construction of part of a motorway linking Zagreb to Gorican in Croatia.

Advised an Asian sovereignty fund in its proposed acquisition of a state-owned PRC property development company through open bidding at an equity exchange.

Represented Credit Suisse First Boston LLC, as an initial purchaser, in the underwritten Rule 144A private offering of US$25 million 10% Senior Notes Due 2012 of PetroQuest Energy, Inc.

Advised a Russian corporation in a dispute to a value of over US$150 million in relation to cancelled Credit Linked Notes

We advised Targetti Sankey SpA in a €242 million syndicated loan to assist in the acquisition of the Danish lighting company Louis Poulsen Lighting A/S.

Following the alleged theft of nine old master paintings from a European art gallery, we represented insurance underwriters in a fraud claim relating to the art work, and resulting in a successful settlement.

In a case involving claims of misrepresentation, breach of contract, breach of duty in tort, and misselling of an interest rate swap, we are representing a family-owned property investment company seeking substantial damages from a major UK bank.

Our client suffered losses when they engaged a law firm to advise on their exit from the partnership of a hedge fund. We represented him on a claim of more than £5 million against the law firm for negligent advice.

A world renowned hotel entered into an interest rate swap with several banks, but ended up suffering significant losses. The hotel's owners approached us to pursue the law firm who represented them in a professional negligence claim. The case was listed for a five week High Court trial, but we arranged a settlement before the trial commenced.

We were a longstanding adviser to Bar Mutual, advising the organisation on claims by the barristers it represents, or on third party proceedings brought by solicitors facing professional negligence claims. We also directly advised barristers protected by Bar Mutual.

Withers was called on to act for a well-known managing partner of an international investment firm when his reputation was under threat. Our robust approach to reputation management prevented the filing of false statements in a form U-5 (Uniform Termination Notice for Securities Industry Registration) that would have had a detrimental effect on his future career and earnings.

When the founding principals of two of London's largest hedge funds turned to Withers for help devising a more integrated approach to tax structuring in the UK and US, our international knowledge and global reach made us ideally placed to help. We came up with the most efficient strategy and also advised them on effective estate planning, whether or not they stayed in the funds.