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Financial Litigation Experience
- Acting in Deutsche Bank v. International Industrial Bank (and Others) - acting for IIB (a Russian bank) who are defendants in an international arbitration (London & Moscow) brought by Deutsche Bank/Bankers Trust. The claim is worth approximately CHF200m and relates to loans made by the claimant to the City of Moscow. The case is also a leading case in the confidentiality of London Arbitration awards and was subject to a hearing in the Court of Appeal where we defeated the City of Moscow's application to have reporting restrictions lifted
- CDO securitisation dispute - acting for a major German Bank in a US$40 million Commercial Court Dispute arising out of the securitisation of emerging markets CDOs. The claim is brought by the credit insurer and is one of the largest banking cases in the High Court.
- Westminster Oil & Gas v. ING Barings - acting for the Bank in a US$5m commission claim brought by the Claimant in respect of a US$800m financing for the Cabinda oilfield in Angola. We successfully had the claim struck out
- Acting for US and Swiss based equity funds in disputes with UK investment banks
- Acting for JPMorganChase and its syndicate in relation to litigation arising out of the restructuring of Euro 310m loan to ANEK, the leading Greek ferry operator
- Acting for Bank of Nova Scotia in litigation relating to Cenargo - a large ferry operator. The case involved issues concerning the interrelation between US Chapter 11 and UK Administration
- Acting for Sampo Credit Bank, one of Finland’s largest banks, in a US$8m derivatives dispute in the Commercial Court. The case is brought against one of the leading companies on the Greek Stock Exchange and involves complicated hedging arrangements
- Acting for a leading German bank in English proceedings arising out of a DM 90 million Turkish promissory note fraud. The Bank is seeking to recover sums secured by account pledges from the Turkish bank Egebank (which was controlled by Murat Demirel, the nephew of the former President of Turkey). It is very high value and involves litigation in the English and Luxembourg courts which is co-ordinated by WFW. The case involved search and seizure orders and asset tracing injunctions in several jurisdictions
- Advising a leading German bank, in its high profile dispute with a leading product tanker owner. The Bank sued for declaration that it had correctly called an Event of Default under its US$11.5 million loan. The Bank exercised its share pledge security over assets worth in excess of US$150 million by appointing PricewaterhouseCoopers (PWC) as receivers
- Acting for a major UK bank in a software lease financing dispute against Marconi plc in the Commercial Court in London.
- Acting for a syndicate of major UK based banks in a dispute over underwriting and stabilisation fees involving a euro securities issue for a major North American corporation
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