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.
Goldman Sachs and Société Générale
Advising in two separate, high-profile claims in excess of US$1 billion brought by the Libyan Investment Authority (the LIA), both of which concluded on successful terms for our clients, also acting for three other financial institutions advising on separate equivalent claims potentially being brought by the LIA.
A leading investment manager
Advising in relation to two arbitrations and Commercial Court proceedings arising out of the departure of a founding partner and his team.
Advising in the landmark Federal Court of Australia proceeding brought by the Australian Securities and Investments Commission alleging a failure to adequately manage conflicts of interest and insider trading. All of ASIC’s claims were dismissed.
On recurrent litigation related to the mis-selling of Interest Rate Swaps (IRS).
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.