Financial Services Regulation
Highly numerate and with experience of working both on the trading floor and in the back-office of two leading investment banks, Dan is comfortable working on cases involving complex corporate structures or sophisticated financial instruments.
He has advised on a range of financial services matters both regulatory and otherwise. His regulatory work has included advising on FSA and other rules in banking and insurance contexts. Examples include: compliance with the listing and disclosure rules, financial promotions, close links notification, the making of payments by regulated firms to overseas third parties and the operation of the Financial Services Compensation Scheme.
On the non-regulatory side, Dan's financial services work ties in with his general commercial litigation practice: he has been involved in intricate and high-value multi-jurisdictional claims against asset and fund managers following the collapse of investment funds after the uncovering of so-called Ponzi schemes in the US, as well as in claims arising out of derivatives trading, the formation of hedge funds, rights issues and private equity financing.
Banking litigation also forms a significant part of Dan’s caseload. For example, he has acted as sole advocate for a Swiss private bank in a £2.5m claim against a Russian oligarch, and for a major high street lender in a case involving a series of significant commercial loans, guarantees and other securities and raising issues of undue influence and fraud.
Dan has also advised on a number of claims involving credit products regulated by the Consumer Credit Act and references to the Financial Services Ombudsman.