The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon
51 LINCOLN'S INN FIELDS, LONDON, WC2A 3LZ, ENGLAND
Tel:
Work 020 7430 2277
Fax:
Fax 020 7430 1101
DX:
37981 KINGSWAY
Email:
Web:
www.bcl.com

Richard Sallybanks

Tel:
Work 020 7430 2277
Email:
Web:
www.bcl.com
BCL Solicitors LLP

Work Department

Business crime and regulation.

Position

Richard Sallybanks is a partner in BCL’s Business Crime and Regulation team and specialises in complex business crime and regulatory defence work. Clients describe him as “very wise, with a cool head, an enormous ability to master the detail of a case and a great tactical brain, an invaluable asset to any defence”.

He has been involved in numerous SFO, FCA, HMRC & CMA investigations and prosecutions over the years. His recent SFO experience includes the Alstom, Barclays Qatar, and Tesco investigations, representing senior individuals under suspicion, and he acted for Robert Tchenguiz in his successful defence of the SFO’s Kaupthing Bank investigation (which included successful proceedings against the SFO to establish that their search warrants had been unlawfully obtained).

Richard has acted in a number of FCA criminal and regulatory investigations for high-profile brokers, traders and senior executives, including allegations of insider dealing and market abuse. He is experienced in cartel investigations conducted by the CMA and cross-border anti-trust investigations including those by the US DoJ.

His most recent case was the successful defence of one of the three former directors of Tesco, prosecuted by the SFO for false accounting and fraud in relation to a £250 million profit overstatement. In December 2018, his client was acquitted when the trial judge ruled that there was no case to answer, a decision upheld by the Court of Appeal in refusing an application by the SFO for leave to appeal.

"Richard is a superb solicitor," say his clients. "He's very calm and you get a real sense that everything is under control and they can stop panicking. He has a very serious understanding of the law and the client."

"He has an unusual background in both commercial law and serious crime, so if you need a solicitor to act in an SFO corporate crime raid, he is your man; he knows everything about companies and everything about criminal cases…"

Richard is also praised as "extremely hard-working and utterly dependable, he's a very good analyst - he sees all the evidence at once and sees the wood for the trees," while a barrister has commented, “He is also very good with the numbers and can understand a set of accounts."

Career

BCL 1995; partner 1999. Previously McKenna & Co (now CMS); qualified 1992; commercial litigation assistant solicitor 1992-95 (including secondments at IMRO and periods in Hong Kong and Germany).
Publications of note: He is regularly quoted in the press on key issues in business crime.
https://www.bbc.co.uk/news/business-46459884
https://www.ft.com/content/672fdb88-f949-11e8-af46-2022a0b02a6c
http://www.cityam.com/270251/serious-fraud-office-trial-against-tesco-executives
https://www.ft.com/content/b6c2b688-1f29-11e9-b126-46fc3ad87c65
https://www.thetimes.co.uk/article/former-tesco-executive-carl-rogberg-cleared-of-fraud-dkhm8v69d

Languages

French and German.

Member

The Law Society; International Bar Association; American Bar Association; Association of Regulatory & Disciplinary Lawyers; British Russian Law Association; Fraud Lawyers Association.

Education

Merchant Taylors’ School, Northwood; University of Exeter (1989 LLB Hons First Class).


London: Crime, fraud and licensing

Fraud: white-collar crime

Within: Leading individuals

Richard Sallybanks - BCL Solicitors LLP

Within: Fraud: white-collar crime

BCL Solicitors LLP advises on fraud, white-collar crime and corporate crime. Clients include individuals such as directors, senior employees and high-net-worth individuals as well as corporations. Head of team Ian Burton focuses on advising individuals, businesses and government bodies on a range of issues nationally and internationally. Harry Travers deals with business crime and regulation. Richard Sallybanks deals with investigations involving allegations of fraud, corruption, sanctions offences, price-fixing, and false accounting. John Binns specialises in financial crime and Julian Hayes handles fraud, insider dealing and market abuse, bribery and corruption, and sanctions. Shula de Jersey is recommended for her experience in dealing with allegations of serious fraud, money laundering, bribery and corruption. Richard Reichman was promoted to partner.

[back to top]


Back to index

Legal Developments in London

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to