Financial Litigation

Acting for institutional and retail holders in proceedings against the Swiss authorities, Credit Suisse and UBS in respect of the write-down of the AT1s and the merger between UBS and Credit Suisse.

Acting for a significant group of institutional investors in prospectus liability claim against Glencore plc, for amounts in excess of £2 billion.

Acting for Madison Pacific as trustee in complex litigation (and related arbitration) proceedings relating to the bail-in of the Ukrainian bank PrivatBank, and the resultant failure to repay €500m of notes.

Acting for Parsdome Holdings in English litigation concerning misrepresentations made in the context of negotiations to settle a convertible note.

Acting for a leading financial institution in complex proceedings before the English Courts to assert and retain rights to distributions and valuable statutory interest from the Lehman estates.

Advised the shareholders on claims against an aggressive loan-to-own enforcement strategy by a commercial competitor.

Acting for one of the world’s top private equity funds in connection with litigation arising out of a significant collapse of a joint venture transaction.

Advising holders of interests in the supply chain finance funds invested in Greensill to seek to recover shortfall amounts from Credit Suisse.

Acting in complex English court proceedings against the Republic of Mozambique and Credit Suisse with respect to the “tuna bond scandal”, where amounts in dispute are over £500m.

Representing ad hoc group of senior noteholders to obtain a successful judgment and settlement, to defeat arguments to avoid make-whole (Spens) payable under the senior notes. 

Acting for over 70 institutions to bring complex legal proceedings arising out of the failure of the three major Icelandic banks (Landsbanki, Glitnir, Kaupthing).