Banking and Commercial

Банковское Право

We were the only boutique law firm in Chambers & Partners’ 2020 list of the Top Banking litigation law firms in London. We have acted for both international banks and defendants for many years in both pre-action matters and High Court disputes.  

Recent matters our team have been involved with include: 

  • Advising an International Bank in a US$36 million dispute with a syndicate partner and borrower relating to a UK retail center. 
  • Punjab National Bank v Pesco Beam – Successfully defending a US$40 million claim brought against defendant companies based in the US and India including an award of indemnity costs in favour of our client. 
  • ICICI Bank v Mehta & Ors – Acting for the UK subsidiary of the Claimant in a US$8 million claim against Belgium based defendants, including securing worldwide freezing orders. 
  • Central Bank of Venezuela v The Bank of England - Acting for the Claimant bank in a Supreme Court dispute relating to US$2.1 billion of Venezuela’s gold reserves held in the Bank of England. Also advising on a dispute with Deutschebank relating to $120m of swap contracts.  

Our team were notably involved in the well-known banking case of Shah v HSBC [2009] achieving success for our client in the UK Court of Appeal. This case had a worldwide impact on the way banks are required to follow compliance and reporting procedures.  

More recently we have acted for a number of Iranian banks in sanctions-related litigation including for Iran’s largest private bank, Bank Mellat where our team achieved a landmark Supreme Court judgment where the Court held that the sanctions against the Bank had been unlawfully imposed by the UK Government. 

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“A multi-cultural firm with a multi-cultural client base in the legal capital of the world. They understand us, what we want to achieve and how to get there.”