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Simmons & Simmons

ONE LINEAR PARK, TEMPLE QUAY, BRISTOL, BS2 0PS, ENGLAND
Tel:
Work +44 20 7628 2020
Fax:
Fax +44 20 7628 2070
Email:
Web:
www.simmons-simmons.com

Ed Crosse

Tel:
Work 020 7825 2072
Email:
Simmons & Simmons

Work Department

Dispute resolution.

Position

Ed specialises in handling complex financial and regulatory disputes for financial institutions. He advises clients on enforcement, default and counterparty disputes arising out of secruitisations, structured products, asset financing (real estate and aviation) and derivatives. Ed also represents clients on corruption and civil fraud-related matters, notably in the area of suspected corrupt payments. Ed is described as ‘a litigation partner with a huge amount of experience of financial disputes’, ‘extremely responsive’ and at ‘pains to make client relationships work’; and is known as ‘a real force to be reckoned with’.

Career

Qualified 1997; worked at two leading international law firms in the City; financial markets litigation practice Simmons & Simmons 2012; committee member London Solicitors Litigation Association.


London: Dispute resolution

Banking litigation: investment and retail

Within: Banking litigation: investment and retail

Simmons & Simmons’ international financial markets litigation group is 'simply outstanding, responsive, thorough, detailed and creative'. It focuses on contentious work for financial institutions, asset managers and hedge funds; and the practice combines expertise in financial markets litigation, investigations and contentious regulatory matters, and financial crime. Tim Boyce, who heads the financial markets litigation practice, acts for financial institutions in regulatory investigations, disputes and fraud claims; and Robert Turner’s experience includes acting for Icelandic bank Kaupthing in Commercial Court proceedings, relating to a multi-currency debt of over £300m and high-value assets provided as security for the debt; the proceedings in London raised complex factual and legal issues relating to fraud, market abuse, insider dealing and the enforceability of contracts for an illegal purpose, among others; Turner is 'simply excellent; clients appreciate his calm demeanour and his incisive and clinical approach'. Other highly regarded practitioners include Richard Bunce, whose practice is based exclusively on financial markets disputes and has a strong international focus and Caroline Hunter-Yeats, who has a particular focus on wealth management firms and complex products sold to high-net-worth investors as well as senior partner Colin Passmore, Ed Crosse, Robert Allen, Paul Baker and Alexander Thavenot.

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Commercial litigation

Within: Commercial litigation

Simmons & Simmons' 'good-value team is responsive and thoughtful in its advice and the practice's strength in depth, including the more junior lawyers, is impressive'. The firm has particular sector strength in TMT, energy and infrastructure and life sciences disputes; in recent multi-jurisdictional matters, the group acted for Toronto Stock Exchange-listed NYX Gaming Group, a supplier of digital gaming products that was the target of a potential acquisition by Scientific Games; the litigation involved bookmaker William Hill, which brought proceedings in multiple jurisdictions in an attempt to disrupt the acquisition, including by seeking injunctions in Guernsey and London. It also advised The Capital Markets Company (UK), a global finance and technology consultancy, on a dispute arising out of an alleged conspiracy in the FinTech sector. UK dispute resolution practice head Ian Hammond and Paul Baker 'have a tremendous capacity for absorbing information and attention to detail'; Patrick Boylan is a specialist in international disputes; Ed Crosse specialises in handling complex financial and regulatory disputes for financial institutions; and Colin Passmore is an expert on privilege. Robert Turner is also a widely respected adviser and Paolo Caldato and Kirsten Kitt are the managing associates to note.

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Legal Developments by:
Simmons & Simmons

  • Failure to counter financial crime: Norwich Union Life

    In December 2007, the Financial Services Authority (FSA) imposed a fine of ÂŁ1.26m on Norwich Union Life (part of the Aviva Group), one of the largest life insurance businesses in the UK with around seven million customers. The fine related to failures to take reasonable care to establish and maintain effective systems and controls for countering the risks of financial crime. The fine is the latest confirmation of the emphasis being placed on protecting clients and customers from the threat of financial crime.
    - Simmons & Simmons

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