Banking and Financial Services litigation

A diverse set of Banking and Financial Services lawyers who advise on transactions, banking litigation and recovery situations, financial services regulatory matters and insolvency.

We have strong experience in both UK based and cross-border matters.

Through our Interleges network we have a strong and reliable connection to legal advisors across the world with whom we work in cross-border deals and litigation issue.

We provide practical and cost effective advice on a range of Banking and Finance services to help our clients navigate difficult situations. We take the time to understand the markets and be culturally aligned with our clients and have an excellent track record settling their disputes. With litigation reaching offshore havens, India, USA, UK, Hong Kong, European countries and Mauritius, we are the team who has the depth of skills to deliver effective results.

Whether by negotiation or hard fought and contested litigation we aim to secure the best outcome for the client. Our experience enables us to look at disputes from both sides of the coin. Many of our cases have been reported including in respect of contractual issues, high profile judgments, and technical issues, for example service compliant with service conventions.

We offer competitive pricing arrangements, including through our Panel Fee rates, Conditional Fee Agreements (where appropriate), or via our Third Party Funding and After the Event Insurance providers.

 

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Examples of recent successes

JARC Shipping and Boris Shipping

Litigation on behalf of an Indian Bank against JARC Shipping and Boris Shipping and six Indian individual Guarantors in respect of facilities given to the Borrower companies for aggregate sums in excess of USD $20 million. Successfully obtained Judgment in excess of USD $25 million with cross border litigation and enforcement actions in the UK and India.

MBL Highway Development Company Limited

An action on behalf of an Indian Bank against MBL Highway Development Company Limited, to whom the Bank had made available a Facility of USD $13million for a highway in India. Actions underway in the UK with cross border aspects in India in which the Indian government was involved. The case was considered in June 2020, with the Bank successfully concluding a Summary Judgment Application and obtaining Judgment in excess of USD $17 million. The Judgment is precedent on various issues.

Binny Ship Management

An action against Binny Ship Management in Mumbai and three individual Guarantors in the USA in respect of a Facility given to the Borrower in the sum of circa USD $11 million with action being brought in India, the UK and America. Judgment was obtained in early 2020 with cross border enforcement underway.

Alok Group

A claim against three high profile brothers associated with the Alok Group of companies in respect of Facilities given by the UK Branch of an Indian Bank for sums of circa £15 million. Action was brought in the UK, again with cross border aspects to it. Judgment was obtained in late 2019. The enforcement action is currently underway against the individuals in Mumbai. The decision was published on the front page of the Mumbai Mirror and other legal and non-legal press.

Firestar International

Acting for a Bank against Firestar International in India, Firestar Diamond in Dubai, Firestar Holdings in Hong Kong and Nirav Modi in respect of Facilities for a global diamond trading business. This required claims in the UK, Dubai, India and Hong Kong with service being effected on the Personal Guarantor whilst in prison in the UK. We have had to team up with Indian, Hong Kong and Dubai lawyers in order to deal with the actions in the various jurisdictions.

Essar Group

Claims against companies in the Essar Group of companies (to including Essar Shipping and Essar Oil Limited) in respect of Facilities varying from USD $9 million to USD $75 million, with exposures extending to Mauritius, UK, India and with security over various companies, Standby Letters of Credit and ships sailing off the coast of India.

Proving fraud documents

Advising a Bank in respect of the Administration of a borrower company and a Guarantee action which was followed by enforcement action including a property portfolio of around 30 properties. Receivers were appointed and litigation took place to deal with beneficial interests of the owners of the property. We secured a substantial recovery for the bank in hard fought litigation in which a fraud and sham documents had to be proven.

Insolvency practitioners

Working in partnership with various Insolvency Practitioners in respect of exit strategies for Banks where Borrower companies fall into Insolvency processes (including Administrations, Liquidations and Company Voluntary Arrangements) in order to ensure that the Banks’ positions are protected and the recovery is maximised with a cost efficient outcome.

Our services

Discover the specific services in Dispute resolution

Alternative Dispute Resolution
Alternative Dispute Resolution offers a flexible forum for the resolution of disputes. Matters referred to ADR usually conclude more cost effectively and considerably quicker than litigation through the courts.
Civil Fraud and Investigations
Allegations of fraud are a serious matter. They can have financial and reputational consequences, and possibly criminal implications. Get quick and effective results with our civil fraud lawyers.
Commercial Disputes
Our dispute resolution team is experienced in a wide variety of commercial disputes and can work with you to resolve the dispute, either through ADR or by guiding you through legal proceedings and enforcement.
Company and partnership disputes
Our commercial dispute resolution team have significant experience in Company and partnership disputes and can guide you through them so that you can focus on your business.
Construction and engineering disputes
Disputes within the construction industry have a hugely disruptive effect upon your timescales and margins. It is therefore vital that you resolve any disputes quickly and in a cost-effective way.
Insolvency & Restructuring
When insolvency or bankruptcy is the only option, our task is to be on our clients’ side to help them fulfil their duties and reduce their exposure to any risks that may arise.
Intellectual property dispute resolution
We provide specialist legal advice across multiple areas such as Trade Marks, Copyright, Design Right (both registered and unregistered), Passing Off (and Confidential Information) and Patent disputes.
International dispute resolution
International organisations with disputes in overseas markets and businesses and individuals with overseas operations and assets need lawyers who are experienced in managing cross-border disputes.
Litigation funding options
Litigation can be expensive. You may not have the means to pursue a claim or you may prefer not to lock-up funds in legal fees. Litigation funding can assist.
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