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Financial services disputes

With a highly knowledgeable team, including a former FSA regulator and a former senior market participant, we are recognized for handling complex financial services disputes.

We frequently deal with regulatory issues involving the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) in the UK. This breadth of knowledge and experience allows us to advise clients swiftly and effectively.

We rarely take on work for major banks and financial institutions to ensure that we are able to go up against them on behalf of individuals. Examples include representing Gulshan Bhatia, the owner of The Waldorf Hotel, in her claim against Barclays Bank for mis-selling, misrepresentation, breach of contract, breach of fiduciary duties and of FCA rules.

In particularly complex financial services disputes, we are able to call on lawyers from other areas of the firm. The Litigation group worked closely with our Employment team to represent a principal defendant in a high profile £15 million dispute between Marathon Asset Management and two ex-employees over the loss of confidential documents. Despite our client admitting liability for copying the documents, the High Court decided to reject Marathon’s argument and awarded nominal damages of £1 per defendant, as well as ordering Marathon to pay the bulk of the defendants’ costs. This fantastic result for our client was widely reported, and the case was listed as one of The Lawyer’s Top 20 disputes of 2016.

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Distinctions

Leading firm for banking litigation: investment and retail

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How the team can help

Parcours

US$150 million Russian dispute

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

£35 million misselling and LIBOR claim

In a major misselling claim, we are assisting the liquidators of a property company on a dispute relating to over £35 million of losses incurred by interest-rate hedging products sold by a UK bank. The claim also involves allegations relating to the bank's involvement in LIBOR manipulation.

Swiss franc de-pegging claim

Representing one of the UK's leading financial spread betting companies, we are bringing a claim on behalf of our client against its prime broker and prime liquidity provider following losses incurred as a result of the de-pegging of the Swiss franc in 2015.

International bank mandate fraud

When our client suffered a bank mandate fraud, it severely affected his art dealership business. We put a team in London and Hong Kong into action to freeze the stolen funds, held in a Hong Kong bank, and were able to retrieve them for our client.

£5 million LIBOR claim against major bank

The LIBOR scandal resulted in losses for many businesses, and we have brought a £5 million plus claim against a major UK bank on behalf of the former directors and owners of a group of companies. The companies suffered losses from interest rate hedging products which were missold to them.

Bringing misselling and breach of contract claims against bank

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.

Multi-national investment dispute in Ethiopia

Our US team represented an investment fund and its principals in a multi-national dispute concerning investments in Ethiopia, we successfully dismissed all of the claims against our clients.

Madof related litigation

Represented a Liechtenstein bank in Madoff-related litigation (In re: Fairfield Sentry Ltd) seeking to claw-back funds invested by bank clients in the largest Madoff feeder fund.

Defending the holders of USD$200 million in bonds

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

Litigation with five Italian banks

We are representing five Italian banks in a jurisdictional challenge to the English courts based on the place where payment had to be made under a confirmed letter of credit.

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