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.
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.