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$1.4 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  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.