News & Events


Credit Suisse, AT1 bonds and taking the BIT between the teeth

Credit Suisse, AT1 bonds and taking the BIT between the teeth

Justina Stewart, Lucian Ilie and Anson Cheung, with Hanif Virji of Vivadum, consider potential investment treaty claims in an article in May’s edition of Butterworths’ Journal of International Banking & Financial Law. Given the huge losses suffered by Additional Tier 1 bondholders, it is unsurprising that lawyers are exploring various potential avenues for investors to obtain redress. Justina, Lucian and Anson have co-written an article with Hanif Virji from Vivadum, looking at potential investment treaty claims. Key Points On 19 March, the Swiss Financial Market Supervisory Authority (FINMA) announced the approval of the takeover of Credit Suisse (CS) by UBS and the complete write-down of all CS’s Additional Tier 1 bonds (AT1s) in the sum of CHF16bn. The financial markets,…

Banking, News, Financial Services 22 May, 2023

OTC welcomes Anthony Lo Surdo SC to chambers

Outer Temple Chambers is delighted to announce that Anthony Lo Surdo SC has joined chambers as a Professional Associate, based in Sydney, Australia. Anthony joins our global team of legal experts and will enhance our existing presence in the Southern Hemisphere with his experience and impressive existing practice. He is qualified to practice across all states and territories of Australia as well as internationally. Anthony is a Senior Counsel practising primarily from 12 Wentworth Selborne Chambers in Sydney, Australia. He also practises from Lonsdale Chambers in Melbourne. He qualified as a barrister in 1996, following 9 years’ practice as a solicitor in leading Australian law firms and was appointed an SC, equivalent to QC, in 2011. He was also Head…

Banking, Commercial, News, Disciplinary & Regulatory, Financial Services, Mediation, Sports 14 Aug, 2020

Success for Justina Stewart in Anglo-Indian $17 million banking claim

Justina Stewart successfully secured summary judgment in the sum of over $ 17 million and an award of indemnity costs. The hard-fought application involved a plethora of interesting issues – including regarding the Hague Convention on Service and whether the High Court’s jurisdiction was supplanted in the context of a suite of documents containing different dispute resolution clauses. In Punjab National Bank (International) Ltd v MBL Highway Development Company Ltd, Justina Stewart, instructed by Milan Kapadia of Royds Withy King, acted for the claimant in proceedings against the subsidiary of an Indian entity which delivers and operates large-scale infrastructure projects. The Bank provided financing for an Indian highway / toll road project, in the context of a complex collection of…

Banking, News 24 Jun, 2020

Consequences of LIBOR transition for the Middle Eastern banking market: Webinar with Al Tamimi & Company

Justina Stewart was delighted to speak today to over 170 attendees on the consequences of LIBOR transition for the Middle Eastern banking market. The talk focused on the significant challenges to both Middle Eastern banks and regulators brought about by LIBOR transition, and some of the steps that can be taken to mitigate associated risks.  Many thanks to Al Tamimi & Company, and particularly Justina’s co-speakers, Mark Brown and Matthew Heaton, for hosting such an interesting talk. Justina Stewart is ranked as a Leading Junior in Banking & Finance and Insolvency, and is appointed to the Attorney General’s Panel of Junior Counsel to the Crown. A former economist and investment banker, she is described in directories as “incredibly impressive and a…

Banking, News, Webinars & Vlogs 18 Jun, 2020

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