David Graham Hughes
- Tel:
- Work +44 20 3400 4450
- Email:
Work Department
Banking and finance litigation.
Position
Head of banking and finance litigation. Acted in SAAMCO v York Montague (leading House of Lords Authority for damages in professional negligence cases); acted in pilot action for bank in Local Authority Swaps Litigation; Lloyds TSB Bank v Hayward (reported); Yorkshire Bank v Lloyds Bank (reported) – Bills of Exchange cases. Currently acting for TMSF (Turkish FSA equivalent) in $100m fraud case; Turkish Government in complex cases; funds litigation, including Phoenix Global Fund Ltd v Bank of Bermuda ($100m); bondholders disputes and enforcing capital markets products generally; and Telsim in an $850m promissory notes case. Leading advisor to significant counterparties in forward freight agreements and other ISDA derivatives. Conducted Skilled Persons report (s 166 FSMA) on money laundering, on behalf of the FSA.
Career
Trained Stafford Clark, City office; qualified 1981; national head of banking and finance litigation at DLA Piper 1992-2005; partner Berwin Leighton Paisner 2005. Contributing editor, Butterworths’ ‘Money Laundering Law’; articles in ‘The Banker’.
Languages
French (fluent).
Member
Law Society; Institute of Money Laundering Prevention Officers.
Education
Sedgehill Secondary School; University of Kent (1976 BA Hons law).
Leisure
Cricket, football.
Practice Areas
Crime - corporate; Fraud; Litigation - banking
