Banking & Business
Overview
Outer Temple Chambers’ banking & business practice has a growing reputation as a strong and reliable source of commercial advice. Working with clients from a broad range of sectors including banking (both retail and investment banking), financial services (including commercial regulatory advice arising under FSMA) and insurance (including in connection with Lloyd’s of London), our teams of specialist barristers adopt a commercial approach to offer practical solutions to help overcome diverse business challenges. Members also regularly act in commercial contract and tort cases involving many types of businesses (i.e. involving international car manufacturers and businesses involved in the foot and mouth pout-break).
Our barristers take pride in finding pragmatic solutions to commercial problems - whether in litigation or advisory work. Many of the team are qualified in alternative dispute resolution (ADR) and have experience in arbitrations and mediations. Chambers has a long-standing presence in the field of asset preservation and tracing.
Several of our barristers have extensive experience of international cases including matters before the Dubai International Financial Centre (DIFC) Courts, in the Middle East, New York and other jurisdictions.
Recent important cases include Alstom SA Securities Litigation (large US insurance coverage litigation), LCIA International Commercial Arbitration (acting for a Middle East company in a banking dispute over foreign exchange transactions); Shah v HSBC (a bank’s obligations under POCA and the scope of the duty of care owed by a bank to its customer) and Re AIG EVRF (retail mis-selling by wealth managers and private banks).
Areas of expertise
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Asset recovery and white collar crime
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Civil fraud
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Company advice and litigation
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Contract
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Directors’ duties
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Employment & shareholder disputes
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Insolvency
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International trade
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Investor compensation
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Partnership disputes
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Pension fund theft
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Personal insolvency
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Sale of goods and agency
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Shareholders’ rights
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Unfair prejudice claims & derivative actions
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VAT
For further information, contact:
Mark Reeder, Senior Team Leader on 020 7353 6381
Track record and prominent cases
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ICC International Commercial Arbitration (London) – Acting for an outsourced logistics supplier of a global car manufacturer in a claim for damages in excess of US$300,000,000.
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Foot and mouth disease cases – A series of cases brought by DEFRA’s former contractors for damages in excess of £35m.
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TCC – Action to set aside a mediated settlement with the government on the grounds of economic duress.
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LCIA International Commercial Arbitration – Acting for a Middle East company in a banking dispute over foreign exchange transactions.
Our clients
We work with all types of business from many different sectors, including banking, finance, technology, construction, logistics and manufacturing.
We also act for receivers and administrators in insolvency proceedings.
What the directories say
At Outer Temple Chambers, Michael Bowes QC is "always calm and in control" and has an excellent reputation for his handling of criminal investigations and prosecutions. He is "highly skilled" at insider dealing cases, recently appearing for the FSA in R v McFall, Rimmington & King. Fellow silk Richard Lissack QC also specialises in the criminal aspects of financial services work, proving "a very strong, persuasive and excellent advocate." He represented Andrew Rimmington in the insider dealing case brought by the FSA, which led to an acquittal. At the same chambers, the "highly diligent" Oliver Assersohn was Lissack's junior in the Rimmington case and has appeared for and against the FSA in a wide range of criminal and civil investigations and enforcement actions. Having been seconded to the Regulatory Decisions Committee of the FSA, he "understands how the regulator lives and breathes."Chambers & Partners 2011
Outer Temple Chambers is particularly recommended for its regulatory expertise. Michael Bowes QC is highly recommended for financial services and regulatory issues and was recently instructed by the FSA on its first criminal prosecution for insider dealing, R v McQuoid and Melbourne. Richard Lissack QC is valued for his ‘very practical advice and strong regulatory nous’. Among the juniors, the ‘very user-friendly’ Nicholas Medcroft has ‘a thorough appreciation of both criminal law and procedure and also how banks work’. Oliver Assersohn has an ‘invaluable knowledge of the FSA disciplinary process’. Legal 500 2011
Memberships and involvement
A number of our barristers are fellows of the Chartered Institute of Arbitrators, COMBAR, Financial Services Lawyers Association and the Chancery Bar Association.
Tags:
Business & Banking
