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Emily Saunderson

Work 020 7822 1253
2TG – 2 Temple Gardens (2TG – 2 Temple Gardens)


Emily has a strong commercial practice with an emphasis on corporate insolvency and banking and finance work. She has experience in cases involving dishonest assistance; fraud; fraudulent trading; rights of set-off; contractual estoppel; contractual interpretation; rights under contracts of indemnity; guarantees; and solicitors’ negligence. Before joining 2TG, Emily was a financial journalist, covering the global derivatives markets. She brings a strong understanding and useful insider’s perspective on financial markets to her legal practice. Significant cases include: Stokors and others v IG Markets Ltd v Craigcrook Management Services Ltd [2012] EWCA Civ 1706 – banking and finance, Commercial Court procedure: appeal against security for costs order, involving consideration of the Defendant’s refusal to give an undertaking pursuant to paragraph 5, Appendix 16 of the Admiralty and Commercial Court Guide, and application for permission to appeal a split trial order; IG Markets v McKenna (2011 – 2013) – banking and finance: £11m claim in relation to derivatives trading in lead up to 2008 credit crunch, counter claim for breach of s150 FSMA, involving third party disclosure and freezing orders; Mir Steel UK Ltd v Christopher Morris and others [2012] EWCA Civ 1397 – General Commercial: appeal against refusal to join administrators and company in administration to a claim for conversion, inducing breach of contract and unlawful means conspiracy; involved consideration of Canada Steamship Lines Ltd v The King, and the rule in Said v Butt; in the Matter of J T Frith Limited (in Creditor’s Voluntary Liquidation) [2012] EWHC 196 (Civ) – Insolvency: secured creditors sought to surrender their security to participate in a distribution from the prescribed part; involved issues surrounding surrender in respect of the security trustee, and an intercreditor deed; G W Jones Contractors Ltd (In Liquidation) v NatWest (2012) – banking and finance. Claim involving allegations of negligence in respect of advertisement of winding up petition and notice of appointment of liquidator; Re SPhinX Group of Companies (in official liquidation) (2010) – Insolvency: US$500m liquidation of a hedge fund group in theCayman Islands; Titan v Passini (2008) – Fraud: £10m claim for damages and injunctions following departure of senior director of Italian manufacturing company with theft of confidential information and soliciting of key senior management and clients; Dimmock v Secretary of State for Education [2008] 1 AER 367 – Judicial review of decision to distribute Al Gore’s film ‘An Inconvenient Truth’ to UK secondary schools, whether a breach of ss.406-407 Education Act 1996; Stack v Dowden [2007] UKHL 17 – Division of property in joint names where no declaration as to beneficial ownership.


Called 2005, Gray’s Inn.


Southampton University (1996 BA Hons First Class); University of Westminster (2003 Postgrad Dip).

London Bar

Banking and finance (including consumer credit)

Within: Banking and finance (including consumer credit) – Leading juniors

Emily Saunderson - 2TG – 2 Temple GardensShe is plainly an extremely accomplished and high-flying junior.

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  • New requirement for all issuers operating on the Luxembourg Stock Exchange

    On 10 August 2017 the Luxembourg Stock Exchange announced that all domestic and foreign issuers operating on the regulated market (Bourse de Luxembourg) or on the multilateral trading facility (Euro MTF) of the Luxembourg Stock Exchange must provide their legal entity identifier (“LEI ”) codes to the Luxembourg Stock Exchange before 15 September 2017.
  • Luxembourg law on the exploration and use of space resources entered into force

    The Luxembourg law on the exploration and use of space resources of 20 July 2017 entered into force on 2 August 2017 and placed Luxembourg among the most innovative space-oriented nations in the world.
  • VAT in the GCC – Q&A updates from the UAE Ministry of Finance

    On 9 July the United Arab Emirates (UAE) Ministry of Finance (MOF) published an update of the Value Added Tax (VAT) FAQ section of its website.
  • PRIIPs KID: The final pieces of the puzzle

    The pieces of the puzzle are finally falling into place. The long-awaited level 3 and 4 measures have been published earlier this week, half a year before the PRIIPs KID becomes compulsory.
  • MiFID II: Further guidance on product governance requirements

    Amongst the numerous topics covered by the Markets in Financial Instruments Directive II (MiFID II), the European Securities and Markets Authority (ESMA) has decided to provide further guidance on the requirements regarding product governance through its guidelines dated 2 June 2017 which focus on the target market assessment by manufacturers and distributors of financial products.     
  • Arendt & Medernach is again the “Luxembourg Tax Firm of the Year”

    The partners of Arendt & Medernach are pleased to announce that their firm has been awarded once again the prestigious “Luxembourg Tax Firm of the Year” title during the International Tax Review’s European Tax Awards ceremony held at the Savoy Hotel in London on 18 May.
  • Signature of the Multilateral instrument – reservations made by Luxembourg

    On 7 June 2017, the official ceremony for the signing of the multilateral instrument (“MLI”) took place bringing to a close a process initiated last year when a consensus was reached on the wording of the MLI on 24 November 2016 (see also our newsflash dated 2 December 2016, available on our website section Publications/Newsflash).
  • Arendt & Medernach: Luxembourg Law Firm of the Year

    Luxembourg, May 2017 – Arendt & Medernach is proud to have been named “Luxembourg Law firm of the year” both by Chambers & Partners and IFLR (International Financial Law Review). The prestigious trophies were both received in April in London at the respective ceremonies of the Chambers Europe Awards 2017 and the IFLR European Awards 2017.
  • First VAT EU case law on the cost-sharing VAT exemption

    The question of the scope of the cost-sharing VAT exemption, also referred to in the Council Directive 2006/112/EC of 28 November 2006 as amended ("EU VAT Directive") as “Independent Groups of Persons” or “IGPs”, is currently being debated at the Court of Justice of the EU (“CJEU”) in several cases. Last Thursday marked the first milestone regarding this specific VAT exemption since the CJEU released its judgment in the case Commission v Luxembourg (C-274/15).
  • An Introduction to Corporate Guarantee

    In the UAE, the risk management activities inherent in running a corporate or investment banking business remain of crucial importance, not least because of the strong local characteristic of “name lending”, by which is meant lending or providing other banking facilities to family or other private businesses, primarily on the strength of the “name” or “names” of the proprietors standing behind the business, rather than on the strength of the asset quality and underlying credit of the particular business. Of course, in practice, there is commercial overlap between the proprietors and the companies which they own, but the credit analyses can break down where poor banking practices and procedures result in poorly constructed legal documentation and gaps in guarantee and security support documents.