Carola Binney

Carola has experience of challenging and high-profile multi-party litigation. Several of her recent instructions have had multi-jurisdictional aspects. She is comfortable dealing with complex quantum issues and has experience of specialist proceedings, including claims under the Arbitration Act and under the Financial Services and Markets Act.

Featured Commercial Dispute Resolution cases

• Acted in s.90A FSMA securities fraud claims against both G4S plc and Serco plc, led by Andrew Onslow KC and Shail Patel KC. Serco was one of The Lawyer’s Top 20 Cases of 2024, and the first group securities fraud claim to reach trial.
• Suppipat & Ors v Narongdej & Ors [2023] EWHC 1988 (Comm): acted on behalf of the successful claimants in a 19-week fraud trial with a significant foreign law dimension, in which damages of £850m were awarded (led by Justin Fenwick KC and George Spalton KC). The case was one of The Lawyer’s Top 20 Cases of 2022.
• Currently acting on behalf of institutional investors in securities fraud claims under ss.90 and 90 FSMA against Barclays plc, led by Jonathan Nash KC and Alex Barden. The case is listed for a 10-week trial in late 2025.
• HPII (In Liquidation) & Others v Ruhan & Stevens [2022] EWHC 383 (Comm): led by George Spalton KC in a three-week, £100m Commercial Court trial before Foxton J, involving allegations of fraudulent breach of directors’ duties, equitable compensation and dishonest assistance, as well as complex limitation issues.
• 4VVV Ltd and Others v Spence & Others: instructed by the successful claimants in a complex and long running fraud group action arising from the collapse of a multi-million pound property investment scheme (led by Daniel Saoul KC).
• Acting on behalf of a financial services firm in its defence of an unfair prejudice petition (led by Tom Shepherd). The case is listed for a 5-day trial in the Chancery Division in spring 2025.
• Instructed in a s.68 Arbitration Act challenge to an award in a dispute worth c. £10m, involving allegations of apparent bias on the part of the tribunal.
• Instructed, as sole counsel, in respect of a successful High Court application to enforce an arbitration award.
• Instructed on behalf of a claimant payment services provider in respect of its claim for restitution of sums paid in reliance on an incorrect FX rate (led by Ben Smiley).
• Instructed, as sole counsel, in a £800,000 negligence claim against two firms of solicitors in a dispute arising from a collapsed property investment scheme.
• Instructed, as sole counsel, on behalf of a mortgage lender in a £1m negligence claim against a firm of chartered surveyors.
• Instructed, as sole counsel, by a plc in respect of a successful strike out hearing of a product liability claim.
• Instructed, as sole counsel, in respect of enforcement proceedings (including an examination order) arising from a successful breach of contract claim.
• Assisted, during pupillage, in a $150 million international investment arbitration dispute concerning the alleged expropriation of several construction sites in Saudi Arabia.

Carola is a member of COMBAR.