Financial Services and Securities Litigation
Allen & Overy’s market-leading Financial Services and Securities Litigation practice acts for some of the world’s leading financial institutions and financial services companies on complex, high-stakes contentious issues.
Whether working on cases involving mergers and acquisitions, commercial contracts, securities or insolvency, our specialist litigators take a practical and commercial approach to resolving disputes as efficiently and effectively as possible.
We provide first-rate sector, product and transaction knowledge aligned with our pre-eminent global finance practice, drawing on our unrivalled banking, capital markets and derivatives practices in the world’s main financial hubs.
Our dedicated Financial Services and Securities litigation team works closely with our transactional specialists to give clients an edge in disputes, and this regular collaboration allows us to identify and pre-empt regulatory and sector trends in order to protect clients from future business risks. We act for market leading investment banks, asset managers, hedge funds, private banks and retail banks.
Our work includes:
- Acting for BNP Paribas in class action litigation in the U.S. District Court in the Southern District of New York, involving claims that some of the biggest banks in the world manipulated the global foreign exchange (FX) market.
- Acting for an American investment bank in U.S. litigation in which we won dismissal of RICO and common law claims arising from the institution’s provision of banking services to the Bernard L. Madoff firm.
- Advising an executive of a global financial institution on defending fraud allegations related to subprime mortgages before the SEC and U.S. Senate committee.
- Acting for four banks in successfully defending against misrepresentation claims brought by Marme Inversiones regarding the EURIBOR benchmark, seeking to rescind interest rate swaps or recover damages in excess of EUR996 million.
News & insights
Blog Post: 11 AUGUST 2021
The FCA is proposing to streamline decision-making and governance by moving some decision-making powers from the more independent, board level, Regulatory Decisions Committee (RDC) to senior members…Read more
Publications: 06 JULY 2021
An intercreditor agreement provided that neither creditor would challenge the “validity” of the other’s security. The term “validity” was interpreted broadly to prevent a challenge to the general…Read more
Publications: 10 MAY 2021
A bank had threatened, during negotiations to restructure a loan, that it would appoint a receiver if no agreement was reached. That threat did not amount to intimidation or economic duress on the…Read more
Publications: 15 FEBRUARY 2021
This is a round-up of the most interesting finance litigation and contractual developments in 2020. The selection is necessarily subjective and draws from a wide range of cases and developments that…Read more
The quality and thoroughness of the advice and guidance has been exemplary and has given me a great deal of confidence in acting based on that advice and support.
Chambers UK 2020, Financial Services, Contentious Regulatory
Our experience with them is first class,"a source reports, adding: "The team do a fantastic job in explaining situations and their complexities.
Chambers UK 2020, Banking Litigation
Strong multijurisdictional capabilities complement its extensive regulatory practice, which includes a significant focus on financial services disputes.
Chambers New York 2018, Litigation: General: Highly Regarded