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Sub practice
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

image of Zachary O'Dell

News: 31 January 2023

Lateral counsel hire Zachary O’Dell bolsters international focus of Allen & Overy’s arbitration practice in Germany

Allen & Overy strengthens its global arbitration group with the addition of Zachary O’Dell who will join the firm as counsel with effect from 1 February 2023. He brings wide ranging experience in…

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Senior Male Research Scientist is Using a Tablet Computer in a Modern High-Tech Laboratory. Genetics and Pharmaceutical Studies and Researches.

Blog Post: 25 October 2022

Arbitration in Life Sciences Disputes: a View from New York

Life science companies are increasingly turning to international arbitration as a preferred dispute-resolution mechanism due to its confidentiality, comparative cost-effectiveness, and nearly…

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Publications: 15 September 2022

The Supreme Court of Thailand issues judgement endorsing the use of SIAC Expedited Procedure

The Supreme Court of Thailand has burnished its pro-arbitration credentials in a recent decision that recognises the primacy of the SIAC Expedited Procedure and promotes certainty for parties involved…

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Publications: 12 July 2022

No anti-suit injunction available against a state

In the absence of consent by the state, a party will not be able to obtain an anti-suit injunction against a state (nor any other injunction or order for specific performance). Venezuela was entitled…

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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