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Financial litigation roundup winter 2017

Published on 13 December 2017

Welcome to the latest edition of our Financial Litigation roundup, where we share our insights into recent judgments and ongoing cases as well as new regulatory developments from the banking and financial world in the UK and Asia.

Latest news from the banking and financial sector in London

RPC continues to build on its status as one of the few premier tier banking and finance litigation specialists which is able to service market counterparties against major banking institutions due to its predominantly conflict free position. We are proud to note that Chambers and Legal 500 both now recognise us as being in the highest bracket of conflict free firms operating in London's financial markets disputes sector, as well as well-earned individual rankings and reviews for our partners.

You can now follow more informal regular news and views from the department on Twitter @conflictfreeRPC.

This roundup covers:

London Developments of Note
London Cases of Note

  • UBS AG and UBS Limited v Kommunale Wasserwerke Leipzig GmbH and others [2017] EWCA Civ 1567
  • Secure Capital SA v Credit Suisse AG [2017] EWCA Civ 1486
  • Dana Gas PJSC v Dana Gas Sukuk Limited [2017] EWHC 2928 (Comm)
  • Deutsche Bank v CIMB Bank Berhad [2017] EWHC 1264 (Comm)
  • AMT Futures Ltd v Dr Klaus Gloeggler [2017] EWHC 836 (Comm)
  • Court of Appeal judgment in Dexia Crediop S.P.A. (Appellant) v Comune di Prato [2017] EWCA Civ 428
  • Deutsche Bank v Comune di Savona [2017] EWHC 1013 (Comm)
  • UBS v (1) Glast Trust Corporation Limited and (2) Fairhold Securitisation Limited [2017] EWHC 1788 (Comm)
  • RBS Rights Issue Litigation [2017] EWHC 1217 (Ch)
  • Lehman Waterfall Cases
  • Law Debenture Trust Corp v Ukraine [2017] EWHC 655 (Comm)


Latest news from the banking and financial world in Hong Kong and Singapore

RPC welcomed a new dispute resolution Partner in Hong Kong in October 2017. Jonathan Crompton specialises in banking and finance related disputes, including advising financial services firms on white-collar and regulatory investigations, and cross-border litigation.  Jonathan's arrival comes at the same time as Jonathan Cary's relocation back to London after three years in the Hong Kong office. Jonathan Cary will continue to work closely with the team in Hong Kong and Singapore.

This roundup covers:

Hong-Kong and Singapore Developments of Note
Hong-Kong and Singapore Cases of Note

  • Chang Pui Yin v Bank of Singapore Limited (CACV 194/2016)
  • Zhang Hong Li v DBS Bank (Hong Kong) Ltd [2017] HKEC 772
  • Competition Commission v Nutanix Hong Kong Limited & Ors (regulators' use of information obtained during investigations)
  • SFAT fines HSBC Private Bank record-breaking HK$400 million and suspends its securities licenses
  • Hong Kong Regulatory Developments
  • Anti-Money Laundering Update 2017
  • Hong Kong Regulatory Developments
  • Anti-Money Laundering Update 2017

To find out more, download the full winter edition.