Financial Services

Financial Services

What our barristers offer

Members of 39 Essex Chambers act as advocates and advisers in all areas of contentious and non-contentious financial services law.

Our barristers advise and represent financial institutions and individuals at all stages of regulatory action by the FCA, from investigations and RDC hearings through to referrals to the Upper Tribunal and judicial review. Members of Chambers have also advised and represented the FCA in referrals to the Upper Tribunal and judicial review proceedings.

Members of Chambers have significant international financial services 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 have acted in several of the leading cases in recent years.

Our financial services experience

The team’s experience includes acting in proceedings by the London International Financial Futures and Options Exchange (LIFFE), ICE Futures, the London Stock Exchange, and numerous overseas stock exchanges. The team also offers expertise in relation to banking disputes, payments, loans, guarantees, letters of credit, securities and derivatives, bond issues, listing and prospectus requirements, capital adequacy requirements, the FCA approvals process, consumer credit, market abuse, anti-money laundering, anti-bribery and counter terrorist funding laws, sanctions, banking collapses, and bank resolution and recovery.

They act in a wide variety of financial products mis-selling claims, including collective investment schemes, PPI, and Interest Rate Hedging Product cases.

Members of Chambers frequently represent the Financial Ombudsman Service (FOS) and also draft representations on behalf of individuals seeking redress from the FOS. They have also acted both for and against the Financial Services Compensation Scheme (FSCS) and the Serious Fraud Office (SFO).

Several members of Chambers have undertaken secondments at the FCA or FOS.

A further area of related expertise is professional negligence. Chambers acts for and against independent financial advisers and brokers both in regulatory and professional negligence proceedings. We can act in claims relating to pensions transfer advice, drawing on our expertise in pensions regulation.

Chambers also acts for employers and employees in the financial services industry in employment proceedings, both in the employment tribunal and High Court.

Recent cases

Recent significant cases include:

  • Al Khorafi v Bank Sarasin: largest ever DIFC financial services claim, alleging mis-selling of US$200 million structured notes.
  • R (Full Circle Asset Management) v FOS [2017] EWHC 323 (Admin): judicial review of FOS by firm of financial advisors who had been the subject of a s.166 skilled person review.
  • Roberts v FCA [2015] UKUT 408 (TCC): disciplinary proceedings against CEO of Catalyst.
  • Al Ansari v DFSA: disciplinary proceedings by the Dubai Financial Services Authority against the former Licensed Directors of First Capital of Switzerland Investment Bank.
  • LSE v X: disciplinary proceedings brought by the London Stock Exchange.
  • R (Chancery (UK) LLP) v FOS [2015] EWHC 407 (Admin): judicial review of FOS by firm of chartered accountants in relation to a tax avoidance scheme.
  • LIBOR and FOREX: acting for financial institutions in relation to rate rigging investigations by the FCA and other regulators.
  • 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.
  • Khan v FCA (2014): disciplinary proceedings against a mortgage broker.
  • R (Croot) v FOS & another (2013): judicial review of FOS by several Lloyd’s insured.
  • Karpe and Karan v FSA (2012): disciplinary proceedings against UBS desk head and client adviser.
  • Pottage v FSA (2012): senior management responsibility disciplinary case against CEO of UBS Wealth Management.
  • Heather Moor & Edgecomb v UK [2011] ECHR 1019: article 6 ECHR challenge to the FOS.
  • Harrison v Black Horse [2011] EWCA Civ 1128: on whether the sale of PPI can amount to an unfair relationship within the meaning of the consumer credit legislation.
  • R (Canada Inc) v FSA [2011] EWHC 2766: application for an injunction to restrain the FSA from publishing a Decision Notice in the Swift Trade case.
  • R (Ford) v FSA [2011] EWHC 2583: ground-breaking judicial review in relation to legal professional privilege arising from the FSA’s Keydata investigation.
  • 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 £7 billion in compensation.

Who to contact

Niki Merison

Niki Merison is the Senior Practice Manager for the Financial Services 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

Alison Foster QC

Alison Foster QC

Call: 1984 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 Spearman QC

Richard Spearman QC

Call: 1977 Silk: 1996

Gregory Treverton-Jones QC

Gregory Treverton-Jones QC

Call: 1977 Silk: 2002

Sean Wilken QC

Sean Wilken QC

Call: 1991 Silk: 2010

Eleanor Grey QC

Eleanor Grey QC

Call: 1990 Silk: 2011

Jenni Richards QC

Jenni Richards QC

Call: 1991 Silk: 2011

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

Parishil Patel QC

Parishil Patel QC

Call: 1996 Silk: 2018

Karen Gough

Karen Gough

Call: 1983

Jonathan Bellamy

Jonathan Bellamy

Call: 1986

David Bradly

David Bradly

Call: 1987

Damian Falkowski

Damian Falkowski

Call: 1994

Nicola Greaney

Nicola Greaney

Call: 1999

Katharine Scott

Katharine Scott

Call: 2000

Jess Connors

Jess Connors

Call: 2000

Rory Dunlop

Rory Dunlop

Call: 2002

Alexandra Bodnar

Alexandra Bodnar

Call: 2004

Robert Lazarus

Robert Lazarus

Call: 2004

Alexis Hearnden

Alexis Hearnden

Call: 2005

Ned Helme

Ned Helme

Call: 2006

Jennifer Thelen

Jennifer Thelen

Call: 2007

Catherine Dobson

Catherine Dobson

Call: 2009

Patrick Hennessey

Patrick Hennessey

Call: 2010

Annabel Lee

Annabel Lee

Call: 2010

Samar Abbas

Samar Abbas

Call: 2011

Tom Tabori

Tom Tabori

Call: 2011

Sarah Bousfield

Sarah Bousfield

Call: 2013

Stephanie David

Stephanie David

Call: 2016

Michelle Pratley

Michelle Pratley

Call: 2006

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

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