Steven specialises in banking and finance disputes. He has built up a following in heavy-weight banking advice and litigation, across a range of areas, including in particular interest rate hedging work, currency hedge litigation, commercial lending and securities disputes and pension mis-selling and transfer litigation.
Routinely instructed by financial professionals on regulatory issues, including the Perimeter Guidance Manual and questions of regulated activity.
Steven is regularly instructed for claimants in cases concerning investment advice and breach of the regulatory framework.
Steven also acts for directors in disqualification proceedings.
He is recognised in the Legal 500 (2014) as an “expert in financial regulation” and is routinely instructed in matters associated with the mis-selling of financial products.
IBP v Marex: Acting for broker in claim against financial services clearing house member.
Martin-Smith v Welcome Finance Ltd: Important case relating to undisclosed commission claims.
FCA v Avacade and others: (Led by David Berkley QC) Trial involving allegations of prohibition breach in significant pension transfer business.
FND Ltd v Bank of Scotland Plc: case concerning allegations of swap mis-selling and Libor manipulation.
National Westminster Bank Plc v JD Pickford Partnership: Acted for the Defendants in successfully resisting a claim to enforce bank fees associated with a ‘property participation scheme’ (a Global Restructuring Group/West Register Investments fee).
Technocover Ltd v Barclays Bank Plc: Achieved settlement for ‘sophisticated’ customer in interest rate hedge claim.
Green and Rowley v Royal Bank of Scotland: Acted as part of the team on behalf of the Appellants in this important appeal case, which relates to the mis-selling of financial derivatives.
MS v X: Acting for high net worth individual involved in hedge fund investment.
Carden Park Group v Barclays Bank Plc: Acted for hotel group in a significant interest rate swap claim based on negligence and Libor manipulation.
CGL Group Limited v RBS: Acting for claimant in widely reported interest rate swap claim, which has now received permission to appeal to the Court of Appeal on the “Suremime” issue.
Thornbridge Limited v Barclays Plc: Acted as junior in important interest rate swap trial. The matter is now listed before the Court of Appeal in November 2016.
M v Yorkshire Bank Plc: Instructed in case involving issues of fixed rate lending and “embedded swaps”
Numerous v A Pension Scheme: Instructed in group litigation concerning widespread pension transfer mis-selling and collective investment schemes.
HMRC v IS: Instructed by director in disqualification proceedings based upon MTIC allegations.
MTR Bailey Trading Ltd v Barclays Bank Plc: Interest rate hedge claim presently before the Court of Appeal on novel points of law, including rights of action under the FSMA 2000. Read the news story.