Segun Osuntokun
- Tel:
- Work +44 20 7760 4619
- Email:
Work Department
Litigation and dispute resolution.
Position
Segun is a highly experienced commercial litigator who specialises in complex disputes and claims arising out of or involving the banking and financial services industry. He frequently advises banks and other financial institutions on fraud and other claims for recovery of assets and enforcement of security. He was previously on secondment to the Financial Services Authority. Segun represents national governments, international and multilateral financial institutions, energy companies, telecoms companies, private equity companies and high-net-worth individuals. He has particular expertise in sub-Saharan Africa and has acted in numerous cases involving clients based or carrying out business in sub-Saharan Africa. He represented the Nigerian government in proceedings to recover over $700m stolen by the late military dictator, General Abacha. The case involved tracing millions of dollars through the major financial centres and institutions. Segun is a writer, commentators and speaker on issues relating to corruption, fraud and money laundering. Recent experience has included: Acting for the African Development Bank in a multi-million-dollar claim in proceedings commenced in the Cayman Islands against the liquidators of BCCI (Overseas) Limited, the ADB is seeking to reverse the liquidators’ decision to reject its claim for approximately $36m in the liquidation of BCCI (Overseas); acting for a major international financial institution on the recovery of its multi-million-dollar investment in a US sub-prime mortgage-backed commercial paper programme; acting for TML Limited, a leading broker of sub-prime mortgages, in a claim against former employees who had unlawfully taken customer lists and started a rival business, a search and seize order was obtained and the proceedings were settled before trial; acting for Kookmin Bank, one of the largest banks in South Korea, in anti-suit proceedings in the Commercial Court brought by Trafigura, the commodity trader: [2007] 1 Lloyd’s Rep 669, the case involved a number of complex issues, including the application of the Private International Law Act and the consideration for the first time of the English court’s jurisdiction to grant an anti-suit injunction after a trial.
Career
Career: Trained Wilde Sapte; qualified 1993; Wilde Sapte 1991-97; Eversheds 1997-99; DLA Piper 1999-2008; partner 2003; partner Berwin Leighton Paisner 2008. Contributing editor to Butterworths’ ‘Money Laundering Law’.
Languages
Languages: Yoruba.
Member
Member: British Nigeria Law Forum; International Bar Association; Lee Abbey International Students’ Club, London.
Education
Education: International School, Ibadan, Nigeria; Queen Mary, University of London (Bsc economics 2(1)); Balliol College, Oxford (BA jurisprudence 2(1)).
Leisure
Leisure: Running, polo, Oriental Club (London).
Practice Areas
Arbitration, ADR, mediation; Financial services; Litigation - banking
