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Matt Bower

Partner

Hong Kong

Matt Bower

Partner

Hong Kong

Matt Bower is a partner in Allen & Overy's litigation and dispute resolution department. Matt advises investments banks, financial institutions and other clients in High Court litigation in England and Wales and Hong Kong and regulatory investigations.

Matt has particular experience of disputes arising from derivative, syndicated loan and asset management complaints and extensive trial experience. Matt also has substantial experience of advising clients on the conduct of regulatory investigations in the Asia-Pacific region, having advised on some of the most high profile benchmark investigations in the region concerning financial services conduct and competition issues and a number of investigations regarding the assessment of client suitability for financial products.

Matt is listed as Up and Coming in Chambers Asia Pacific 2019, which notes that clients “praise him as "technically very strong" and appreciate that "he comes up with innovative solutions."” Legal 500 2018 and 2019 both recommended Matt, noting in 2019 that he “comes highly recommended as ‘one of the best litigation partners in Hong Kong’”. Matt is also listed as a Future Leader by Who's Who Legal Investigations.

He is qualified as a solicitor both in Hong Kong and England & Wales.

Experience

Matt's experience includes advising:

An international hedge fund in relation to the theft of valuable algorithmic trading strategies by a rogue employee who fled to Hong Kong from the UK.

A global media group in the defence of proceedings brought against it by a shareholder claiming to have been unfairly prejudiced by the management of the company.

A Taiwanese bank on a dispute concerning whether or not it had entered into binding contract for the purchase of secondary debt and involving a claim for damages for failure to complete the trade.

An Asia Pacific based bank on a dispute with an international school in Cambodia over release of funds under an escrow agreement in light of certain findings of fact following an award in an arbitration.

A global bank on the defence of proceedings brought in Mauritius in respect of its custody services, and in respect of its obligations and rights to assets held in custody while subject to restraint orders in Hong Kong.

A global bank in regulatory investigations across APAC regarding its foreign exchange trading. The Hong Kong aspects of the investigation lasted 12 months. Allen & Overy prepared investigation reports for submission to the HKMA and other regulators within the region. The Hong Kong regulator took no enforcement steps against the bank.

An institution in the defence of proceedings brought against it arising out of the automatic termination and close out of 176 derivative positions.

A global bank in respect of proceedings brought against it for alleged mis-selling of derivative trades in China and its strategic options to seek declaratory relief in England as a defence.

A global bank in an internal investigation regarding wash trading in government debt securities in Hong Kong. Allen & Overy assisted with reporting to the HKMA and the SFC, and responses to the regulators’ follow-up queries. Neither regulator took enforcement steps against the bank.

A former rates trader of a global investment bank in respect of an SFC investigation regarding his conduct. We advised on jurisdictional strategy and questions of privilege in response to the investigation.

An international investment bank on investigations by the Hong Kong and Chinese regulators into suspected market manipulation in China.

A global bank, as trustee of a bond issuance, to obtain judgment in the English High Court against an Indian issuer for repayment of all outstanding sums following a payment default, and taking steps in various jurisdictions to enforce the English judgment, including obtaining a number of freezing orders.

An international bank to investigate, and manage the consequences of, an internal fraud on the bank and related regulatory investigation and litigation. We assisted the bank in the internal investigation and advised on communications with various regulators in multiple jurisdictions. We were involved in all aspects of the bank’s response, and worked closely with the bank’s senior management, legal and compliance.

An international investment bank on global issues arising from a request by the Monetary Authority of Singapore for our client to undertake an enquiry into its submissions for SIBOR, SOR and in respect of NDFs including issues such as ant-trust implications, self reporting obligations and maintenance of privilege in the context of the investigation.

A global financial services group on an investigation by the Hong Kong Monetary Authority in connection with the sale of chapter 37 bond to non-professional investors.

News & insights

Publications: 02 OCTOBER 2019

GIR - data privacy & transfer in investigations

Regulators and enforcement authorities across the globe are continuing their focus on the activities of banks, corporations and their employees.

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Publications: 26 JUNE 2019

The Recognition and Treatment of Relationships under Hong Kong law

An Allen & Overy report commissioned by the Equal Opportunities Commission

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Publications: 26 JUNE 2019

Allen & Overy releases report entitled “The Recognition and Treatment of Relationships under Hong Kong Law”

Allen & Overy has today released a report, commissioned by the Equal Opportunities Commission (EOC) in Hong Kong, regarding the recognition and treatment of relationships under Hong Kong law (the report).

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Publications: 19 FEBRUARY 2019

Australian Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry: Key Themes in the Final Report

The final report (the Report) of the Australian Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (the Royal Commission) was released on 4 February 2019. The Report provides 76 specific recommendations to the Government, the financial sector, and financial regulators to redress the misconduct revealed by the inquiry. These recommendations reflect the conclusions the Commissioner reached in respect of the questions he posed in the interim report published on 28 September 2018 and based on further work undertaken by the Royal Commission.

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Office

Hong Kong

Allen & Overy
9th Floor, Three Exchange Square, Central
Hong Kong

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Qualifications

Professional

Admitted as solicitor, England and Wales, 2003

Admitted as solicitor, Hong Kong, 2007

Academic

BA, Law, Durham University, 1999