Banking

Banking

What our barristers offer

39 Essex Chambers’ barristers have experience advising and acting in relation to all aspects of the banking sector, including payments, loans, guarantees, letters of credit, securitisation of debts and mortgages, derivatives, bond issues, CDOs, listing and prospectus requirements, capital adequacy requirements, consumer credit, compliance (including AML, anti-bribery and CTF laws), sanctions, banking collapses, and bank resolution and recovery.

Members of Chambers have significant international banking and finance experience, including in Europe (both before the EU institutions and in other EU Member States), the Far East, Middle East, the Caribbean, the Channel Islands, Gibraltar and the Isle of Man.

Our barristers also advise and act in relation to all types of financial services regulatory action and investigations, including by the FCA, SFO and overseas regulators.

Our banking experience

Members of Chambers have acted in a large number of the leading recent cases, including for investment banks, retail banks and building societies, brokers, IFAs, investors, consumers and SMEs, central banks and regulators. We have particular experience in cross-border matters, and members frequently appear in banking matters in overseas courts and tribunals such as the DIFC and courts in the Caribbean, the Channel Islands and the Isle of Man, as well as in arbitrations around the world.

We also have expertise in financing structures for large-scale asset purchases, developments (residential and commercial) and infrastructure works – whether it be by way of insurance, bonds or guarantees.

Members of Chambers acted in many of the significant cases that arose out of the 2008 financial crisis, the LIBOR and FOREX rigging scandals, the PPI and IRHP mis-selling scandals, as well as recent banking collapses in Europe and the Caribbean.

Recent significant cases include:

  • Medsted Associates v Canaccord Genuity Wealth (Intl) [2017] EWHC 1815: claim between brokers concerning commission on CFD trading and fiduciary duties owed to clients.
  • Libyan Investment Authority v Société Générale SA: US$2.1bn claim by Libya’s sovereign wealth fund to set aside derivative investments made during the Gaddafi era (one of The Lawyer’s Top 20 cases of 2017).
  • JSC Mezhdunarodniy Promyshlenniy Bank v Pugachev [2017] EWHC 2426 (Ch) (and numerous other judgments): US$1bn fraud claim against ‘Putin’s banker’.
  • Al Khorafi v Bank Sarasin [2015] DIFC CA 008 (and numerous other judgments): largest ever DIFC financial services claim, alleging mis-selling of US$200m structured notes.
  • High Commissioner for Pakistan v. Natwest Bank [2015] EWHC 55 (Ch); [2016] EWHC (Ch): claim to a £35m fund held by Natwest since the 1948 annexation of Hyderabad by India.
  • NGV and Maybank v KATCO: £7m claim before Court of Appeal in Kuala Lumpur concerning automatic crystallisation clauses in debentures.
  • LIBOR and FOREX: acting for financial institutions in relation to rate rigging investigations by the FCA and other regulators.
  • Standard Life Assurance Ltd v Corr and others: £23m claim in relation to Cattles plc.
  • Interest Rate Hedging Products: numerous claims for and against banks in relation to IRHP sales, as well as several members of chambers acting as s.166 skilled persons in the FCA’s IRHP review.
  • Plevin v Paragon Finance [2014] UKSC 61: landmark Supreme Court decision on PPI finding that non-disclosure of substantial commissions gave rise to an unfair relationship.
  • Payday lending: acting in relation to the FCA’s review of regulation of payday lenders.
  • R (British Bankers Association) v FSA [2011] EWHC 999: seminal case on redress for mis-selling of payment protection insurance, leading banks to pay over £7bn in compensation.
  • Advising on a $1bn offshore credit card debt securitisation.
  • Advising and acting in an ICC Arbitration over a US$10m letter of credit.
  • Advising and acting for a private equity fund over a £20m facility dispute.
  • Acting and advising in a dispute over the financial restructuring of South African telecoms infrastructure improvements.

Who to contact

Niki Merison

Niki Merison is the Senior Practice Manager for the Banking team and will, along with the clerking team below, be able to help you with any questions.


Niki MerisonEmail


Call: +44 (0)20 7634 9011


View clerk's team

Neil Block QC

Neil Block QC

Call: 1980 Silk: 2002

Edwin Glasgow CBE QC

Edwin Glasgow CBE QC

Call: 1969 Silk: 1987

Nigel Pleming QC

Nigel Pleming QC

Call: 1971 Silk: 1992

Richard Wilmot-Smith QC

Richard Wilmot-Smith QC

Call: 1978 Silk: 1994

Stuart Catchpole QC

Stuart Catchpole QC

Call: 1987 Silk: 2002

Adrian Hughes QC

Adrian Hughes QC

Call: 1984 Silk: 2006

Charles Manzoni QC

Charles Manzoni QC

Call: 1988 Silk: 2009

Sean Wilken QC

Sean Wilken QC

Call: 1991 Silk: 2010

Fenella Morris QC

Fenella Morris QC

Call: 1990 Silk: 2012

James Strachan QC

James Strachan QC

Call: 1996 Silk: 2013

Marion Smith QC

Marion Smith QC

Call: 1981 Silk: 2015

Vikram Sachdeva QC

Vikram Sachdeva QC

Call: 1998 Silk: 2015

James Ramsden QC

James Ramsden QC

Call: 1987 Silk: 2016

Andrew Tabachnik QC

Andrew Tabachnik QC

Call: 1991 Silk: 2017

Kate Grange QC

Kate Grange QC

Call: 1998 Silk: 2017

Karim Ghaly QC

Karim Ghaly QC

Call: 2001 Silk: 2017

Adam Robb QC

Adam Robb QC

Call: 1995 Silk: 2018

Parishil Patel QC

Parishil Patel QC

Call: 1996 Silk: 2018

Simon Edwards

Simon Edwards

Call: 1978

Jonathan Bellamy

Jonathan Bellamy

Call: 1986

Bernard Doherty

Bernard Doherty

Call: 1990

Damian Falkowski

Damian Falkowski

Call: 1994

Christiaan Zwart

Christiaan Zwart

Call: 1997

John Denis-Smith

John Denis-Smith

Call: 1998

Colin Thomann

Colin Thomann

Call: 1999

Jess Connors

Jess Connors

Call: 2000

Rory Dunlop

Rory Dunlop

Call: 2002

Andrew Deakin

Andrew Deakin

Call: 2006

Peter Mant

Peter Mant

Call: 2006

Rebecca Drake

Rebecca Drake

Call: 2007

Jack Holborn

Jack Holborn

Call: 2008

Patrick Hennessey

Patrick Hennessey

Call: 2010

Annabel Lee

Annabel Lee

Call: 2010

Samar Abbas

Samar Abbas

Call: 2011

Tom Tabori

Tom Tabori

Call: 2011

Denys Hickey

Denys Hickey

Call: 1975

Call +44 (0)20 7832 1111 for more information

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