Henry Reid

Henry’s practice covers a wide array of commercial, chancery and financial services matters with an emphasis on commercial litigation, contentious and non-contentious financial services, regulatory investigations and banking law.

Henry joined Outer Temple having spent five years at Signature Litigation LLP, a specialist law firm handling major and complex litigation, arbitration and regulatory investigations. During his time at Signature, Henry worked on a number of significant matters, most notably on disputes in the Commercial Court concerning civil fraud, banking and finance and professional negligence as well as advising and structuring potential claims on behalf of clients, including on potential group action claims.

Prior to Signature, Henry worked in the financial services practices of the US firms Katten Muchin Rosenmann LLP and Arnold & Porter (UK) LLP focussing on the provision of regulatory advice, representing individuals in regulatory and criminal investigations and on claims concerning the purported mis-selling of financial products and wider issues concerning manipulation of certain benchmark rates.

Henry joined the law following a period in the public affairs industry, where he assisted clients (including overseas governments, investment funds and high net worth individuals) with political and media communications issues.

Expertise

Henry has considerable experience of commercial disputes most notably in claims concerning matters of civil fraud, banking and finance and professional negligence.

This experience has required Henry to consider a wide array of issues involving, by way of example, claims for breach of contract, misrepresentation, breach of directors’ and fiduciary duties and allegations of conspiracy, deceit and other intentional torts. It has also led to Henry developing a strong appreciation of civil procedure including as to applications for interim relief, interlocutory applications and the preparation and analysis of CPR Part 35 expert evidence.

In addition to the specific matters referred to below, Henry’s experience to date has also routinely required:

  • Advising in respect of US, UK and EU sanctions and money laundering regimes.
  • Working with and interpretating the evidence of Part 35 appointed experts on complex matters including the operation of certain financial products, forensic accounting, and the valuation of property portfolios, investment opportunities and various oversees commercial entities.
  • Advising on court and litigation procedure in accordance with, notably, the Civil Procedure Rules (including the Disclosure Pilot and PD51U), the Admiralty and Commercial Court Guide and other cross-border litigation procedures.
  • Providing preliminary merits analysis on various claims for prospective clients and liaising with the litigation funding market on the same. This has included consideration of group action principles and potential claims under s.90 and s.90A, FSMA 2000 and via the Competition Appeal Tribunal (CAT).

Notable Commercial Litigation cases


Recovery Partners GP Ltd & Anor v Rukhadze & Ors [2018] EWHC 2918 (Comm)

Henry was heavily involved in a split-trial proceedings in the Commercial Court concerning allegations of conspiracy and breach of fiduciary and other duties for the alleged unlawful diversion of a maturing business opportunity – namely the opportunity to asset recovery services to the Family of the late Arkadi Patarkatsishvili.

The matter also required Henry to become heavily involved in the legal, expert forensic accounting and valuation analysis conducted in relation to the claim for an account for profits said to have arisen from those breaches of duty.

Desiman Limited v Bank of Scotland PLC & Ors

An interest rate hedging product mis-selling claim involving questions of contractual estoppel, implied misrepresentation, negligent misstatement and consequential loss. Henry’s involvement in the matter required the development of in-depth understanding of LIBOR, the operation of hedging products and the forward valuation of a substantial London property portfolio as part of a wider quantum and causation analysis.

Bluewaters Communications Holding v Ecclestone, BLB & Ors

Henry provided initial assistance on a Commercial Court dispute concerning a claim for damages in excess of US$500m resulting from a purported act of bribery arising in the sale of entities within the Formula One Group.

Henry’s practice has involved advising cross-jurisdictional entities and individuals on a wide array of non-contentious and regulatory financial services and regulatory matters. Generally, Henry’s experience has concerned matters relating to markets regulation, from which he has developed a strong practical understanding of  securities, derivatives and various spot markets including FX, benchmarks and cryptocurrency matters.

Henry’s experience to date has involved:

  • Acting for a senior FX and precious metals trader under investigation regulatory and criminal investigation in numerous jurisdictions. In that process, Henry assisted the individual in including Swiss Attorney General and financial regulatory, FINMA, the Singapore Monetary Authority, the Brazilian securities competition regulator, CADE as well as various authorities in the UK (SFO, FCA & the Bank of England). Throughout that process, Henry assisted the individual (and attended) numerous criminal and regulatory interviews in various jurisdictions in London, Zurich, Bern and Washington DC.
  • Acting as a FCA registered compliance oversight and money laundering reporting officer (CF10 & CF11) for a multi-jurisdictional proprietary algorithmic trading firm. The role required Henry, in conjunction with the firm’s US General Counsel, to oversee the London trading teams’ practices and to develop and implement a UK and EU regulatory compliant trading policy.
  • Advising entities on a wide array of compliance and regulatory issues relating to UK and EU regulatory regimes including consideration of eg. MiFID, MiFIR, AIFMD, CRD IV, EMIR and MiFID II provisions.
  • Overseeing and advising on FCA authorisation processes for US and UK corporate entities wishing to perform regulated activities.

Henry has been instructed to advise on matters related to the UK, US and EU sanctions and money laundering regimes.

Notable Business Crime & Regulatory cases


Advising regulated entities as to the implementation of acceptable procedures for ongoing compliance with certain sanctions and money laundering regimes. 

Advising entities and individuals as to the procedure for appealing penalties imposed for breach of financial sanctions regulations, including making recommendations as to remedial steps and future compliance measures.

Preparing representations to, inter alia, the Office of Financial Sanctions Implementation (OFSI) on behalf of entities faced with monetary penalties for breaches of UK and EU financial sanctions law. 

Related updates

Henry Reid is regulated by the Bar Standards Board (BSB) and holds a current practising certificate. If you are not satisfied with the service provided, please click here.

To find out more, contact Sam Carter on +44 (0)203 989 6669 or Colin Bunyan on +44 (0)207 427 4886 for a confidential discussion.

Our dedicated practice management team can help you identify the right barrister for your case.

  • Executive Committee Member, Financial Services Lawyers Association (FSLA)
  • Member, Chatham House

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