Financial litigation roundup Spring/Summer 2019
Welcome to the latest edition of our financial litigation roundup. In this edition, we consider recent judgments and ongoing cases from the banking and financial world in the UK and Hong Kong, as well as legal developments across those jurisdictions.
RPC continues to build on its status as one of the few premier tier banking and finance litigation specialists which is able to assist market counter parties of all descriptions in disputes against the largest banking institutions due to our predominantly conflict free position. The practice goes from strength to strength and has earned the recognition of Chambers and Legal 500 as being in the highest bracket of conflict free firms operating in the financial markets disputes sector, together with many well-deserved individual rankings and reviews for our partners. In May 2018, Simon Hart took up the role of Head of Financial Disputes, with Tom Hibbert continuing in his role as Global Head of Commercial Disputes and a senior partner in our Financial Disputes team.
We thoroughly recommend following our Twitter feed at @conflictfreeRPC for up-to-the-minute topical updates, news and views on financial markets and financial markets disputes.
Latest news from the banking and litigation world in London
Developments of note. Read more.
Case reports
- Deutsche Bank AG v Comune di Savona. Read more.
- Barclays Bank plc v Price. Read more.
- Nederlandse Industrie Van Eiprodukten v Rembrandt Enterprises. Read more.
- Carlos Sevilleja Garcia v Marex Financial Limited. Read more.
- Playboy Club London Ltd v Banca Nazionale Del Lavoro SpA. Read more.
- K. Medsted Associates Limited v Cannacord Genuity Wealth (International) Limited. Read more.
- J. Carr v Formation Group Plc. Read more.
- Barnardo’s v Buckinghamshire and others. Read more.
- The Federal Republic of Nigeria v JP Morgan Chase Bank, N.A. Read more.
- The ECU Group PLC v HSBC Bank PLC. Read more.
- Marme Inversiones v Natwest Markets and others. Read more.
Latest news from the banking and litigation world in Hong Kong and Singapore
Case reports
Court grants access to court pleadings to shareholders of a party – Elliot International LP v Bank of East Asia Ltd (No. 2). Read more.
Bank did not owe its customer a duty to provide investment advice (but watch this space) – Shine Grace Investment Ltd v Citibank NA. Read more.
Court refuses to recognise authority of foreign bankruptcy trustee (in proceedings involving creditor bank) – China Fishery Group Ltd. Read more.
Hong Kong regulator wins landmark civil lawsuit concerning insider dealing in foreign listed securities (and more of the same expected) – SFC v Lee & Ors. Read more.
Hong Kong regulator issues record fines to four banks for IPO Sponsor failures. Read more.
Third party funding of arbitrations (now operative in Hong Kong). Read more.
Hong Kong and Mainland Chinese Courts to provide mutual assistance in interim measures in support of arbitral proceedings. Read more.
Anti-Money Laundering update 2018 (a year of big change). Read more.
Meet the team
Davina Given
Partner
Dispute resolution Banking and financial markets disputes Commercial disputes International arbitration Corporate investigations Trusts and wealth Art and specie Civil fraud and asset recovery Regulatory Company and shareholder disputes Private wealth and family offices Professional practices Anti-money laundering Corporate and business crime
Antony Sassi
Managing Partner, Asia
Insurance disputes and claims Financial professionals Reinsurance Policy wordings solutions Technology and Cyber Risk Insurance Cyber breach response FI/D&O Accountants, pensions and actuaries Construction insurance Corporate insurance Commercial disputes Construction
- +852 2216 7101
- Email Antony Sassi
- Hong Kong | Singapore
Simon Hart
Partner
Dispute resolution Banking and financial markets disputes Corporate investigations Civil fraud and asset recovery International trade and commodities Commercial disputes
- +44 20 3060 6671
- Email Simon Hart
- London
Chris Ross
Partner
International arbitration Competition litigation Commercial disputes Banking and financial markets disputes Dispute resolution Competition and anti-trust Construction disputes Fintech
- +44 20 3060 6258
- Email Chris Ross
- London
Jonathan Crompton
Partner
Commercial disputes Competition litigation Confidential information Civil fraud and asset recovery Data advisory International arbitration Investment funds Insurance and financial services regulation Technology and Cyber Risk Data and cyber Cyber breach response Corporate and business crime Banking and financial markets disputes Support for litigation in other jurisdictions Asia disputes Regulatory Banking and financial services Banking and lending Manufacturing, industrial and mining Dispute resolution Cyber-fraud
- +852 2216 7173
- Email Jonathan Crompton
- Hong Kong
Jonathan Cary
Partner
Dispute resolution Banking and financial markets disputes Commercial disputes International arbitration Corporate investigations Africa disputes Regulatory Civil fraud and asset recovery Competition litigation Dawn raids Insurance and financial services regulation Corporate and business crime
Rupert Boswall
Partner
Dispute resolution Commercial disputes Art and specie Trusts and wealth International arbitration Corporate investigations Banking and financial markets disputes Civil fraud and asset recovery Former Soviet Union (FSU) disputes Private wealth and family offices Africa disputes
Geraldine Elliott
Global Head of Commercial Disputes
Dispute resolution Commercial disputes Trusts and wealth Civil fraud and asset recovery Private wealth and family offices Company and shareholder disputes Support for litigation in other jurisdictions Education
Parham Kouchikali
Partner
Dispute resolution Banking and financial markets disputes Corporate investigations Regulatory enforcement Civil fraud and asset recovery International arbitration Commercial disputes Insurance and financial services regulation Corporate and business crime
Alan Williams
Partner
Competition litigation Banking and financial markets disputes Dispute resolution Africa disputes Civil fraud and asset recovery Commercial disputes International arbitration
Jake Hardy
Partner
Dispute resolution Commercial disputes Banking and financial markets disputes
- +44 20 3060 6645
- Email Jake Hardy
- London
Jacky Darsono
Partner
Dispute resolution Banking and financial markets disputes Commercial disputes International arbitration Insurance and financial services regulation International trade and commodities Support for litigation in other jurisdictions Civil fraud and asset recovery Company and shareholder disputes Asia disputes
- +852 2216 7117
- Email Jacky Darsono
- Hong Kong
