You are here

Financial Services Disputes

Advice and representation in a complex and uncertain world


The banking and wider financial services sectors increasingly dominate the global disputes landscape in terms of frequency, complexity and size. Courts and other legal bodies around the world continue to be inundated with large and complicated claims against financial institutions by shareholders, investors, customers, joint venture partners and a range of other stakeholders. 

It is imperative that institutions continue to prioritise how to prevent, mitigate and resolve these actions successfully.

We’ve worked with many of the largest financial firms on some of the largest, highest profile and ground-breaking cases involving litigation, arbitration and alternative dispute resolution for banks, fund and asset managers as well as other financial services firms.

As well as advice on optimising the management and result of upcoming and existing proceedings, our fully integrated disputes practice advises on disputes strategy and risk management to enhance decision making and reduce future exposure.


Our many years of dedicated sector focus have given us broad experience and deep knowledge of the most complex and sophisticated financial products across retail and wholesale markets. Our international reach means that we are often instructed to adopt the role of coordinator for complex, cross-jurisdictional matters.

See our related expertise in BanksFunds and wealth (asset) managementRestructuring, turnaround and insolvency and Tax investigation and dispute resolution.

Recent Experience

RBS Group

Advising in relation to claims (now settled) brought by shareholder and investor groups in connection with the Group's 2008 Rights Issue, involved 16 separate claims consolidated into 4 claimant groups totalling 36,000 individual claimants.

Lloyds Banking Group

Successfully defending a high profile group litigation order by around 6,000 shareholders related to the acquisition of HBOS at the height of the 2008 financial crisis. Involving highly complex legal and factual issues as well as novel damages claims, it is now the leading authority in respect of securities litigation in England and Wales.

The Bank of England

Defending a claim by the Venezuelan central bank in relation to The Bank’s denial of access to US$1 billion of the country's gold reserve.


On legal advice in relation to claims of alleged false and fraudulent administration. 

National Australia Bank

Defending claims of £1 billion alleging fraudulent or negligent representations to customers regarding break costs payable on early repayment of their fixed rate loans, and the calculation of the associated interest rate.

a Russian investment bank

Obtaining an ex parte order to attach bank accounts in Germany held by an East-European bank to secure a €10+ million claim in parallel with concurrent attachment proceedings in the US, the UK, France and Russia.


Insights and updates

11th August 2023
In June 2022, the Hong Kong Securities and Futures Commission ( SFC ) proposed a...
17th October 2022
Welcome to the Autumn 2022 edition of our biannual Banking Litigation Update, in which we...
30th September 2022
Herbert Smith Freehills LLP have published an article in Butterworths Journal of International Banking and...
26th July 2022
Herbert Smith Freehills LLP have published an article in Bloomberg Law detailing the key legislative...

Our People

Learn more about how we help our clients in

Dispute Resolution

View Service