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Stephenson Harwood

Living Wage
Work 020 7329 4422
Fax 020 7329 7100
Beijing, Dubai, Hong Kong, London, Paris, Piraeus and 4 more

Richard Garcia

Work 020 7809 2346
Stephenson Harwood

Work Department

Commercial litigation.


Richard is an experienced commercial litigator who has worked on some of the most high profile cases of the past decade. He is regularly instructed by banks, asset managers, sovereign states and large corporates on their most complex and important cases.

Richard has a wide practice including banking and finance, asset management, corporate, insolvency, professional liability and fraud disputes. He has led major cases in each of these areas, many of which have involved cross border issues and proceedings in multiple jurisdictions, particularly in Europe and the US.

The Tchenguiz litigation, in which Richard played a leading role for many years, is one of the most complex and high profile disputes ever seen by the English courts. Stephenson Harwood was recognised for this case and awarded Litigation Team of the Year 2012 by The Lawyer and Regulatory and Litigation Firm of the Year 2012 at the British Legal Awards.

Richard has particular expertise in banking, funds and financial products disputes. Clients value his familiarity and detailed understanding of banking and asset management products and structures. His experience includes retail, private equity, hedge funds and other alternative funds as well as CDOs, SIVs, securitisations, structured products and derivatives including swaps.

The largest value cases often involve multi-faceted proceedings including freezing orders, jurisdiction challenges, appeals and complex enforcement strategies and defences. Richard has been involved in many such cases including freezing order and enforcement proceedings arising from ICC and ICSID arbitrations. Financial News listed Richard as one of the top 100 'Rising Stars' working in the European financial markets.

London: Dispute resolution

Banking litigation: investment and retail

Within: Banking litigation: investment and retail

Stephenson Harwood's 'highly experienced practice' regularly advises on large, high-value and technically challenging disputes, and it has recently assisted with disputes involving alleged interest-rate benchmarking, FX-fixing and mis-selling. Sue Millar and Edward Davis co-run the banking and finance litigation subgroup, and John Fordham is commercial litigation department head. Other experienced partners are Richard Garcia, Donna Newman and Richard Gwynne, while Alina Neal is the senior associate to note.

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Commercial litigation

Within: Commercial litigation

Stephenson Harwood has particular strengths in cross-border disputes in the energy, financial services, shipping, aviation, art and real estate sectors. Recent growth included the hiring of Justin McClelland, who is focused on contentious financial regulation, economic crime, and corporate investigations, from Winston & Strawn London LLP.  John Fordham heads the commercial litigation group; Richard Garcia has particular litigation expertise in relation to shareholders, partnership joint ventures, post-acquisition issues and corporate investments; meanwhile Sue Millar is particularly focused on the financial services and international trade sectors. Also highly rated are Edward Davis, Richard Gwynne, sports law group head Ben Sigler and Kate Cordery. Guy Harper was made partner in 2019, and Caroline Houghton and Alina Neal are the senior associates to note.

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Public international law

Within: Public international law

Stephenson Harwood combines 'second-to-none' expertise in international sanctions and enforcement issues with its work representing governments and state-owned companies in investment treaty and investor-state disputes. Department head Kamal Shah has strong experience in Africa and India-related arbitration. Sue Millar advises on a range of contentious and non-contentious issues arising in relation to the various Iranian, Libyan, Syrian and Russian sanctions regimes. Richard Garcia and senior associate Stephen Ashley are 'superb lawyers in the sanctions and public international law sphere'.

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Legal Developments by:
Stephenson Harwood

  • Companies should plan now to minimise their pension protection levy

    The amount that pension schemes have to pay to the Pension Protection Fund (PPF) for the year 2006/07 may have increased by as much as five times the previous year's levy. Employers who ultimately bear the cost of many pension schemes will need to make plans now to ensure the levy payable for the year 2008/09 is kept to a minimum.
    - Stephenson Harwood

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