A consequence of market turmoil is that business relationships become hostile more quickly if things go wrong. Sometimes a regulatory problem and a business dispute arrive together, but the solutions to each are not easily compatible. Our team is skilled in both regulatory and disputes work, and is experienced in resolving both.
Our contentious financial services practice has the business and technical knowhow to deal with complex financial services disputes. The breadth of our clientele means that we have a wide landscape of experience to draw on when problems arise. We don't waste time getting to understand the sector or the product, because we know our area.
Owing to our industry knowledge, we have been involved in some of the most prominent cases of recent years, such as the litigation concerning the interpretation of the FSA's Client Money rules as it applied in the Lehman insolvency.
We also offer specialist skills in derivatives and structured finance disputes.
Clients include broker/dealers; hedge funds and their managers; SPVs; foreign law firms; individuals and banks (often foreign banks with London offices).
Notable deals / highlights
Acted on Torre v RBS  EWHC 2670 (Ch): concerning duties of a syndicating bank when acting as an Agent in a securitised lending transaction on behalf of a hedge fund SPV.
Acted on Re: Lehman Brothers International (Europe)  EWCA Civ 188: the Appeal Court ruling on the correct way to value the close-out amount in relation to the 2002 ISDA Master Agreement.
Advised on Cayman Islands litigation between two hedge funds concerning the impact of a conflict of interest alleged to arise at the investee fund.
Acted on a Claim by an SPV against Lehman Brothers International (Europe) for fraudulent misrepresentation in relation to a structured product.
Acted for creditors of MF Global in their recovery of client assets.