Twenty Essex has for many years been involved in some of the most significant disputes in this area, including the seminal Springwell v JP Morgan Chase case; Bank Overdraft Charges Litigation; Mastercard Litigation; RBS Rights Issue Litigation; various derivative mis-selling claims; claims brought by sovereign wealth funds in relation to investments made by them; and the fraud claims by BTA Bank against Mr Ablyazov, and by Vneshprombank against Mr Bedzhamov. The sums at stake are frequently in the billions of US dollars.
Members act across the full spectrum of banking, financial services, FinTech and asset management disputes. This includes cases involving allegations of mis-selling of investments; loan agreements; guarantees; derivatives (very often involving the ISDA Master Agreement); structured products; debt buybacks; and capital markets transactions.
In addition, the expertise of Twenty Essex in international trade means that members have considerable experience in advising on associated trade finance matters (such as letter of credit).
Most of the disputes in which members are involved have a significant international dimension, raising complex jurisdictional issues.
Twenty Essex is often instructed on a very urgent basis to obtain, or seek the discharge of, freezing injunctions and other interim relief in relation to banking and investment disputes.
Members are instructed both for and against major financial institutions.