Financial Services Disputes

We act for financial institutions, insurance companies, investment firms, funds and other financial service providers. Our team has extensive experience in advising on contentious matters, including enforcement actions, mis-selling claims and data disclosure actions. We also advise clients on engagement with the Central Bank of Ireland and the Financial Services and Pension Ombudsman and in respect of appeals to findings by a regulator.

Our group is commercial and pragmatic, working when needed in multidisciplinary teams to ensure a service tailored to a client’s specific requirements. In particular, the team works closely with our Corporate, Asset Management and Restructuring and Insolvency Departments to ensure a full-service approach to litigation related risks.

The team has particular expertise in complex, cross border litigation requiring specialised management and technological resources.  We represent clients in high value disputes in which alternative dispute resolution options are engaged or before the courts in high-value Commercial Court actions.

Relevant Experience

• Representing an investment management firm in the defence of a damages claim for alleged breach of contract and misrepresentation in respect of a cancelled fund subscription.

• Acting for insurers in the defence of commercial court proceedings brought by aircraft lessors alleging an entitlement to insurance cover for aircraft allegedly lost following the Russian invasion of Ukraine.

• Acting for a global aircraft lessor in commercial court proceedings, successfully obtaining a mareva injunction over the global assets of a Russian owned cargo airline and securing recognition of a US judgment in excess of €400m.

• Advising financial service provider client on mis-sold investments, including representation in related liquidation and examinership processes.

• Advising corporate client in dispute regarding complex foreign exchange financial products.

• Acting for a broker dealer and investment manager in proceedings brought by an Irish domiciled fund arising from the Bernard Madoff fraud.

• Acting in Commercial Court disputes on behalf of investment funds in respect of claims of defective security on borrowings the subject of loan sales.