Andrew Wass

Partner | London


Client Services Contact Federica Spagnoletti

Andrew is a partner in the litigation and arbitration team, focusing on banking.

He has a particular interest in dispute resolution and restructuring and banking in the financial services arena.

After university, Andrew was called to the Bar in 1986 but subsequently decided to pursue a career outside the law. From 1987-2002 he worked in a variety of industries; the financial markets, television post-production and residential property development. During that time he also ran a private investment portfolio. He returned to the law in early 2002, qualified as a solicitor and has since become experienced in contentious financial services.

Andrew spent more than five years as an inter-dealer broker in the foreign exchange (‘FX') option market. This experience included establishing and managing a highly successful FX desk in Tokyo. As a former market participant, Andrew has a unique insight into the financial markets and their specialist products. He has used his market experience both as a litigator and a mediator in relation to financial services disputes.

Andrew's other contentious experience includes professional negligence claims and the sport, civil fraud and defamation sectors. He qualified as a CEDR Mediator in 2006 and has mediated in numerous commercial disputes.

Track record

Supermarket development

Acting against a major bank 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.

German industrial company

Acting 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.

BVI hedge fund and BVI director

Acting 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.

Hedge fund

Acting 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.

Spread betting company

Acting for a spread-betting company in a claim relating to the forced liquidation of equity options.

FX disputes

Acted in numerous FX disputes.

Property investment fund

Acting for a property investment fund over a loan agreement entered into, disputing terms of the sale of the linked asset, issuing proceedings against a well-known bank for misrepresentation, breach of contract and breach of duty in tort.

Property investment company

Acting for a family-owned property investment company with properties in the UK, South Africa and Australia worth over £30 million over a 10 year loan agreement with a major high street bank.

Admissions

  • Called to the Bar, 1986

  • England and Wales, 2004

  • CEDR Mediator, 2006


Education

  • Kings College School, Wimbledon

  • University of Nottingham

  • Inns of Court School of Law


Languages

  • English

Memberships

  • Financial Services Lawyers Association

  • Middle Temple

  • Bar Council

  • Law Society


Key dates

  • Year joined: 2002
  • Year became partner: 2010