“A strong commercial and banking set . . .” “. . . wins tributes for its banking and finance law” Chambers & Partners

Recent and current Chambers appearances in this field include: OFT v Abbey National & Others (the bank charges test case); J P Morgan Chase v Springwell Navigation Corp (alleged mis-selling of Russian and other emerging market investments); NatWest v Rabobank (alleged deceit in connection with loan acquisitions); Banque Saud Al Fransi v UNC Lear Services (performance bond; fraud defence); Redwood Master Fund v TD Bank Europe Ltd [2006] 1 BCLC 149 (exercise of majority powers to vary terms of syndicated loan); Saudi Arabian Monetary Agency v Dresdner Bank AG [2005] 1 Lloyd’s Rep 12 (equitable set-off).

Earlier cases include Three Rivers DC v Bank of England (BCCI litigation); DEG v Koshy & Lasco (construction of debentures); Lloyds Bank plc v Rogers (limitation); Box, Brown & Waugh v Barclays Bank plc (banker’s liability as constructive trustee); Levett v Barclays Bank plc; Bank of Ireland v AMCD Property Holdings (2001) 2 All ER (Comm) 894 (facility letter). Members of Chambers were also involved on behalf of many of the banks in the interest swaps cases including Kleinwort Benson v Sandwell , Kleinwort Benson v South Tyneside MBC and Kleinwort Benson v Lincoln CC, in which the House of Lords overturned the two centuries old ‘mistake of law’ doctrine.