Henry’s practice covers a wide array of commercial, corporate and financial services matters with an emphasis on commercial litigation, contentious and non-contentious financial services, regulatory investigations, fintech, sanctions and banking law. Since moving to the Bar in 2022, Henry has been ranked by Legal 500 as a “Rising Star” in both Banking and Finance and Financial Services Regulation as well as a Leading Junior in the field of Crypto and Blockchain assets.
Henry joined Outer Temple having spent five years at Signature Litigation LLP, a specialist law firm handling complex litigation, arbitration and regulatory investigations. At Signature, Henry worked on a number of significant matters, 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 providing regulatory advice, representing individuals in regulatory and criminal investigations and acting on claims concerning the purported mis-selling of financial products and the manipulation of certain benchmark rates.
Henry joined the law from the public affairs industry, where he assisted clients (including overseas governments, investment funds and high net worth individuals) with political and media communications issues.
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 broad range of issues involving, by way of example, claims for breach of contract, misrepresentation, breach of director and fiduciary duties as well as 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. Since moving to the Bar, Henry has been increasingly instructed in domestic and overseas commercial arbitrations.
Henry’s experience to date has also routinely required:
Matters in which Henry has acted since joining chambers include:
Recovery Partners GP Ltd & Anor v Rukhadze & Ors  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 provide asset recovery services to the Family of the late Arkadi Patarkatsishvili. The Court of Appeal issued its decision in respect of certain matters arising from the claim in Recovery Partners GP Ltd v Rukhadze  EWCA Civ 30.
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 also focuses on advising entities and individuals on a range of non-contentious and regulatory financial services and cryptoasset matters. Since moving to the Bar in 2022, Henry has been ranked by Legal 500 as a Rising Star in Financial Services Regulation and separately a Leading Junior in the field of Crypto and Blockchain assets.
Generally, Henry’s experience has centered on market regulatory frameworks. Through this, he has developed a strong practical understanding of securities, derivatives and various spot markets including FX and, with increasing frequency, cryptoassets. It has also centred on giving advice to firms and individuals seeking FCA authorisation and/or approval.
This experience has led to a strong appreciation of FCA Rules, associated guidance and the scope and operation of regulatory perimeter created under FSMA, 2000.
Henry’s experience to date has included:
Henry is often instructed to advise on matters related to sanctions and anti-money laundering regimes in the UK, US, EU and certain Crown Dependencies.
Generally, this advice has been for private entities on commercial matters including as to the structuring and permissibility of corporate and commercial proposals, the development of compliance measures. He also increasingly advises entities considering litigation on sanctions related matters, including by way of domestic and overseas arbitration procedures.
Henry also acts in regulatory and criminal enforcement matters on behalf of regulators and investigated parties.
This work has resulted in a detailed appreciation of UK sanctions regime created under, inter alia, the Sanctions and Anti-Money Laundering Act 2018 and the specific regimes created by way of regulation in respect of Russia, Ukraine and Afghanistan. It has also led to a strong understanding as to the operation of the Office of Financial Sanctions Implementation (OFSI) and its enforcement processes.
Notable Sanctions and Regulatory matters
Henry’s experience to date has included:
To date, Henry has acted on behalf of individuals and corporates in connection with regulatory and quasi criminal processes before, e.g. the FCA, BoE, the SEC and other overseas regulators.
He has also acted investigation teams assembled by financial regulators and the economic crime team in the law offices of a Crown Dependency.
Specific examples include:
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.
‘Henry is very approachable and user-friendly. He is an excellent advocate – punches far above his weight and holds his own against those much more senior.’
Banking & Finance, Legal 500, 2024
‘Henry is all-round excellent, well beyond his years. He genuinely goes far beyond what might be expected of counsel, likely because he is curious, intellectual and determined, both to find a solution and for his clients.’
Crypto and Blockchain assets, Legal 500, 2024
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