Chambers has extensive experience in financial services and related matters and members regularly advise on and act in litigation (both civil and regulatory) in this area.
Members have acted for the Financial Services Authority, LIFFE, the London Clearing House Ltd, The London Commodities Exchange, the Hong Kong Stock Exchange, the International Stock Exchange, the London Metal Exchange and the Serious Fraud Office.
In the regulatory sphere, members of Serle Court have been involved in many of the most important cases since the coming into force of the Financial Services and Markets Act 2000, including the disciplinary cases brought by the FSA against CSFB International, Legal & General and Shell. Various members also acted in the long running FSA investigation into the split capital investment trust market.
Individual members also sit (in some cases as chairman) on the disciplinary tribunals (and appeal tribunals) and act as complaints ombudsmen of institutions such as Lloyds and LIFFE.
Chambers is also regularly involved in civil litigation arising directly out of disputes in the financial services arena and from allegations of professional negligence in a financial services context. Recent examples include Three Rivers District Council v Bank of England (the BCCI litigation), Sumitomo v Credit Lyonnais Rous (claim arising out of fraudulent trading in the copper market) and NatWest v Rabobank.
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