Unlike most City dispute resolution departments, we are a conflict-free firm. We have acted against major UK banks, who are often prepared to throw big resources at their opponents. We are one of a handful of firms with the status and expertise to take on such heavyweight litigation, in a highly cost-effective way.
We also act for banks, primarily in the recovery of substantial bad loans, often rising into the hundreds of millions of dollars. Some claims have been directly against debtors, while others have been against guarantors or individuals alleged to have fraudulently procured the lending. With proceedings often involving asset recovery on a multi-jurisdictional basis, we leverage the wider asset investigation expertise of the team to handle even the most complex cases in house.
Notable Experience
- Successfully challenging the jurisdiction of the English Court for high-net-worth individuals against a UAE bank in a US$1 billion claim arising from the collapse of NMC Health plc.
- Successfully acting for a Spanish bank in a breach of contract claim for over EUR 358m.
- Acting for a sovereign state in its defence of over US$1.5bn Commercial Court proceedings relating to the enforcement of large portfiolios of historic sovereign debt.
- Acting for a Russian fertiliser company in its claim worth over EUR 270m against European banks regarding non-payment of certain on-demand guarantees. This case is featured in the Lawyer's Top 20 cases of 2025.
- Acting for a Middle Eastern bank in numerous successful applications in a multi-jurisdictional asset recovery case worth over US$30m, including acting in appeals to the Court of Appeal and the Supreme Court.
- Acting for Middle Eastern investment companies defending claims worth over US$100m relating to the collapse of Fal Oil, once the largest independent oil trader in the Gulf region.
- Acting for a UAE Bank in a multi-million dollar claim, spanning multiple jurisdictions against a guarantor of loans and his family
- Acting for defendants to conspiracy claims brought by a UAE Bank following the collapse of a major Middle Eastern oil company.
- Acting on a portfolio of claims for one of India's largest banks.
- Acting on a US$200 million dispute between Russia's two largest banks.
- Obtaining judgments for VTB Bank and the Bank of Moscow for many hundreds of millions of dollars.
- Acting for the main defendant to a US$1 billion claim by a Bahraini, which was discontinued against our client during the course of a nine-week trial.
- Numerous disclosure orders against banks that received stolen assets.