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Sub practice

Financial Services Arbitration

Allen & Overy is one of the few law firms worldwide with genuine expertise in arbitrations in the banking and financial services sector.

We advise major international banks and corporates, combining a deep understanding of complex financial products with extensive experience of international arbitrations under all major rules. Our arbitration lawyers work seamlessly with our top-tier Banking and Finance and Capital Markets experts.  

Our experience of banking and finance arbitration covers all major rules and fora, including the LCIA, ICC, SIAC, and HKIAC, as well as the UNCITRAL Rules. We have expertise in arbitrations relating to loan agreements, security arrangements, bonds and complex derivative instruments, as well as disputes arising from government measures in the wake of financial crises. Unusually, we also have extensive experience representing international banks and funds in investment treaty arbitrations.

Our arbitration practice operates from all the leading financial centres and our arbitration lawyers understand local, as well as international, financial markets. Our market leading lawyers have published extensively on adapting arbitration to the needs of financial services users. 

Key highlights of our work include:

  • Defeating a EUR200 million claim against Bank of Cyprus, in an arbitration under ICC Rules which arose from the Eurozone crisis.
  • Successfully representing a global financial institution in an investment treaty claim against Sri Lanka, for interfering with obligations in an oil hedging agreement between the bank and a state-owned oil company. This is the first case to recognise that financial instruments qualify as an investment for the purposes of these claims.
  • Acting for a major fund manager in the defence of an LCIA arbitration brought by a substantial client concerning the management of fixed income funds in excess of USD40 billion. We acted in the LCIA arbitration and in the mediation of the claims to successful settlement.
  • Drafting the ISDA Arbitration Guide (2nd edition published in 2018).

News and insights

Aerial view of a bypass

Publications: 22 September 2023

The IP Arbitration Podcast Episode 4: IP arbitrations in Asia

According to WIPO (the World Intellectual Property Organization), Asia accounted for two-thirds of the total IP filing activity for patents, trademarks and industrial designs worldwide, and almost the…

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Aerial view of a bypass

Publications: 22 September 2023

The IP Arbitration Podcast Episode 3: Ever heard of Baseball arbitration?

Baseball arbitrations: what they are, who uses them and why they’re beneficial. Many businesses will not have considered or heard of baseball arbitration as a form of dispute resolution.

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Daniel Garton

News: 15 September 2023

Allen & Overy boosts thriving arbitration practice with new construction specialist Daniel Garton

Allen & Overy today announced that Daniel Garton has joined the firm’s International Arbitration practice as a partner in London. Daniel is an expert in Construction Arbitration and joins A&O from…

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Aerial view of a bypass

Publications: 08 September 2023

The IP Arbitration Podcast Episode 2: How well suited is Arbitration to resolving IP disputes?

How well suited is arbitration to resolving IP disputes? We and the market have seen a growing trend in parties choosing arbitration to resolve IP disputes.

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Awards

  1. Band 1, Dispute Resolution, Global: Multi-Jurisdictional, Chambers Global 2022
  2. International Arbitration Firm of the Year, Benchmark Litigation Asia-Pacific Awards 2020
  3. Leading firm (top tier) ranking in the “Leaders League” table for International Arbitration (Spain) 2022
 

Recognition

Related content

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International Arbitration Review

Recent developments and emerging trends in international arbitration law and policy