Year of Call:
Farhaz Khan is regularly instructed in complex and high profile commercial and chancery litigation and regulatory investigations, usually involving investment banks, insurers and pension schemes. He particularly enjoys cases with an international / cross-border dimension.
Farhaz has consistently been recognised over the last few years as a leading barrister by: Chambers Global (Dispute Resolution), Chambers & Partners (Financial Services (tier 1), Banking & Finance (tier 3), Chancery Commercial (tier 3) and Pensions (tier 2)), Legal 500 (Banking & Finance and Pensions) and Who’s Who Legal: UK Bar (Banking & Finance – one of only four “Most highly regarded” barristers in the “Leading juniors” section, and Pensions).
The directory comments state, among other things, that: “He’s an up-and-coming star who is very bright and extremely personable”, has “really shone as a junior in high profile cases” and “commands considerable respect from his clients and peers”. Solicitors describe him as a “lovely guy to work with and a brilliant, brilliant lawyer.” He is ranked in tier 1 for Financial Services, which states that he is, “probably the best junior at the Bar for financial services work, he’s just excellent. He’s sensible, his judgement is impeccable and he will bring proper imaginative solutions.”
Farhaz often acts for institutions and individuals in commercial disputes in the Middle East, and has experience in appearing before the DIFC courts and in DFSA regulatory matters. For example, he acted for the bank Itau Securities in an employment contract share and bonus dispute in the DIFC, which was successfully settled.
Farhaz was identified by Legal Week (“Stars at the Bar“, 2013) as one of the 10 “most acclaimed young barristers making their mark” at the commercial bar.
LIBOR global investigation
Acting for a senior derivatives trader under investigation by the DoJ, SEC, CFTC and the FCA.
FOREX global investigation
Acting for a very senior FOREX and precious metals trader under investigation by regulators and prosecutors in numerous jurisdictions.
JP Morgan ‘Whale trader’ global investigation
Acting for a former synthetic credit derivatives and indices trader within the Chief Investment Office of JPM accused of mismarking the trading book. The CIO sustained c.$9bn trading losses in 2012 leading to regulatory and criminal investigations in the US and the UK. The UK proceedings have led to a JR of the FCA and s393 FSMA ‘third party’ proceedings in the Upper Tribunal. See R (on the application of Grout) v Financial Conduct Authority  EWHC 596 (Admin) (Judicial Review); and Grout v Financial Conduct Authority [FS/2015/007] Upper Tribunal (Tax & Chancery) (s393 proceedings).
Acting for the former compliance officer of Keydata (Johnson) before the Upper Tribunal. Successfully opposed a stay application by the FCA. See Ford, Owen & Johnson v Financial Conduct Authority  UKUT 0041 (TCC).
Re Equity Syndicate Management Limited, Syndicate 218 & former directors
One the biggest investigation in the Lloyd’s market since the 1990s (a Lloyd’s / FRC / FCA joint investigation) and subsequently represented Lloyd’s Enforcement before the Lloyd’s Disciplinary Tribunal (4 week hearing). The investigation arose out of the dramatic £311m deterioration in syndicate reserves.
Gladstone Pacific Nickel v London Stock Exchange & AIM Regulation
Represented a former AIM listed company in disciplinary/ regulatory matter including a claim for Judicial Review of the LSE on a jurisdictional issue.
Appointments & Memberships
- FSLA (Assistant Secretary & founding member)
- IBA (former member of the Banking Law committee & ME sub-committee)
- Registered to practice in the DIFC (Part II)
- Queen Mother Major Scholar
- Harmsworth Entrance Exhibitioner
Areas of Law
“Impressive beyond his year of call.” Pensions, Legal 500 2017
“Highly flexible and punching well above his weight.” Financial Services, Legal 500 2017
“He has a very bright future.” Banking and Finance, Legal 500 2017
“His judgement is impeccable. He’s very adaptable and will provide proper imaginative solutions” Chancery, C&P 2017
“An extremely bright and analytical barrister who demonstrates judgement well beyond his years.” Banking & Finance, C&P 2017
“An expert on interest rate protection products and mis-selling.” Banking & Finance, C&P 2017
“He’s very good at marshalling information and cutting through the complexity.” Pensions, C&P 2017
“He’s a good go-to person when a matter straddles pensions and financial services.” Pensions, C&P 2017
“I’d genuinely say he’s probably the best junior at the Bar for financial services work, he’s just excellent. He’s sensible, his judgement is impeccable and he will bring proper imaginative solutions.” Financial Services, C&P 2017
“He is proactive, helpful, very pragmatic and has the client’s best interests at heart.” Financial Services, C&P 2017
“He marries growing experience in pensions with a very approachable style.” Pensions, Legal 500 2016
“Very useful on his feet for commercial and banking matters.” Banking and Finance, Legal 500 2016
“…thoroughly recommended” by peers and is considered an “exceptionally smart lawyer.” He is “focused” and “employs a forensic approach.”
Who’s Who Legal UK Bar 2016: Banking
“A “brilliant tactician“. He continues to develop his standing in the banking sector following recent instructions involving securitization, market manipulation and documentation issues” C&P 2016 Banking & Finance
“He’s got an excellent grasp of the subject matter.” “He has a lot of experience and enthusiasm. He gives very good analytical advice and is a very safe pair of hand.” C&P 2016 Banking & Finance
“…an enviable financial services regulatory practice.” C&P 2016 Banking & Finance
“…a real star in banking disputes” who has “really shone as a junior in high profile cases” including “major banking disputes.” C&P 2015 Banking & Finance
“Cultivating an excellent reputation in the FS sector following his prominence in highly publicised matters such as the Libor test case and the ‘London Whale’ litigation. He has considerable expertise in several key related areas such as banking and finance and chancery law, and advises on the full range of commercial and criminal FS work.” C&P 2016 Financial Services
“Farhaz has excellent knowledge of the workings of the FCA, having been a practitioner there.” C&P 2016 Financial Services
“He is definitely very, very experienced now in terms of looking at the regulator and regulatory vulnerabilities.” C&P 2016 Financial Services
“A barrister with a fast-growing reputation in both contentious and non-contentious financial services work.” C&P 2015 Financial Services
“…expertise not only in complex regulatory matters, but also in commercial, civil and criminal law” and “very impressive.” C&P 2015 Financial Services
“He is excellent when it comes to banking and LIBOR stuff…” C&P 2016 Chancery Commercial
“Attracts a great deal of praise relating to his handling of complex banking and finance work. He is also involved in pensions matters.” C&P 2016 Chancery Commercial
“A junior with a strong emerging chancery practice. He is regularly instructed on commercial litigation in the pensions and banking and finance sectors…He is an excellent lawyer with a rare mix of practicality and intellect….” C&P 2015 Chancery Commercial
“A junior with great commercial acumen.” C&P 2015 Chancery Commercial
“…He is one of the best juniors for regulatory matters.” C&P 2015 Chancery Commercial
“A well-respected junior with pensions and professional negligence expertise, who is a particular expert in the financial services sector. Strengths: “I can’t fault his judgement calls and I think he’s a great addition to any team.” “He is an up-and-coming star who is very bright and extremely personable.” C&P 2016 Pensions
“…a broad practice that combines his extensive pensions knowledge with expertise in banking and finance matters…an amazing ability to pick up anything and dissect it…” C&P 2015 Pensions
“He is noted for his intelligence and his involvement in a number of the most important pensions cases. Expertise: “He’s very bright”, “up and coming” and “a personable and approachable barrister.” C&P 2015 Pensions