The Firm acts on a full spectrum of complex financial disputes as well as advising on regulatory issues affecting our clients (both domestically and internationally). As part of our financial services practice we are also often asked to act in proceedings for tracing or recovery of stolen funds transferred through the banking system. The Firm has extensive experience in advising on commercial disputes and all forms of alternative dispute resolution. We offer flexible and attractive fee arrangements.
Recent matters include:
- Acting for Demco Insurance on multiple claims arising from the sale of the Interlife Insurance Group to SEB Banken in Sweden (referred for Arbitration under the Stockholm Rules); including the Defence of a £40 Million claim for damages for breach of warranty in connection with alleged Pension Misselling; recovery by restitution of taxes improperly paid consequent to the transaction and the justiciability of claims for indemnity brought as part of the Arbitration and associated litigation.
- Acting for a hedge fund in the BVI courts in connection with the ability of a person to petition for the winding-up of a hedge fund based upon an unpaid redemption request. SV Special Situations Fund Ltd v. Headstart Class F Holdings Ltd, British Virgin Islands, Olivetti J, 21 November 2008.
- Investigation into the collapse of a BVI fund, involving claims of unfair prejudice and misfeasance.
- Successfully representing a senior equities trader from a global bank in an application for a Directors Disqualification Undertaking to cease to be in force. Our client signed the Undertaking before he was represented by us and instructed us as it jeopardised his career at the prestigious and FSA-regulated institution. An application was made to persuade the Court, at the first available opportunity, to exercise its jurisdiction under section 8A of the Insolvency Act 1986 to provide for the Undertaking to cease to be in force. The Court was satisfied that exceptional circumstances had come to light since he signed the Undertaking which would justify the relief given. There is only one other reported instance of an application of this type being successfully made.
- Grosvenor Casinos v. National Bank of Abu Dhabi[2008] EWHC 511 (Comm): Flaux J.; interpretation of the ICC Uniform Rules of Collection and deceit.
City Law Financial LLP
1 King's Arms Yard,
London EC2R 7AF
t +44 207 367 0100
f +44 207 022 1592
e info@city-law.net
Member
Paul Fallon
Registered in England and Wales
(OC341522) Authorised and Regulated
by the Solicitors Regulation Authority