Banking litigation lawyers at Linklaters have advised leading investment banks and other financial institutions on some of largest and most complex recent financial disputes.
Such cases have included derivatives and structured products cases, mis-selling claims and contractual disputes, lender enforcement action, fraud and asset tracing, insolvency-related disputes and regulatory investigations and enforcement.
Linklaters’ banking litigation clients typically face contentious issues which are high value, reputation-threatening, and often multi-jurisdictional The teamwork of the firm’s specialists across Europe, the Americas and Asia allows clients to benefit in cross-border disputes, freezing orders and worldwide tracing actions.
The group regularly conducts contentious disciplinary matters before the world’s main financial regulators. Linklaters has successfully persuaded regulators not to proceed with enforcement action and has gained significant reductions in proposed fines. The team’s banking litigation lawyers also have an outstanding track record in regulatory investigations, both as investigators and representing institutions or witnesses.
Recent banking litigation cases include advising
- in relation to the successful settlement of US SEC insider dealing proceedings involving Sir David Li, which was one of Hong Kong’s most high profile cases during 2008
- Fortis Holding (and subsidiaries) on the transactions entered into by the Fortis Group in order to safeguard the continuity of its operations following the liquidity crisis of September/October 2008, which hit Fortis as a result of the financial crisis
- PwC as the joint administrators of Lehman Brothers International (Europe) and all other Lehman entities in administration on the many contentious issues arising in the administration
- a major UK bank in relation to the test case proceedings commenced by the OFT in relation to current account overdraft charges and the related OFT Enterprise Act investigation and market study
- one of the bank defendants in the Enron litigation - the largest securities fraud class action ever filed
- IKB AG against more than 140 investor actions filed before various chambers of the Düsseldorf Regional Court in connection with the US subprime crisis
