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Stephenson Harwood

Living Wage
1 FINSBURY CIRCUS, LONDON, EC2M 7SH, ENGLAND
Tel:
Work 020 7329 4422
Fax:
Fax 020 7329 7100
DX:
64 LONDON CHANCERY LANE WC2
Email:
Web:
www.shlegal.com
Beijing, Dubai, Hong Kong, London, Paris, Piraeus and 4 more

Richard Gwynne

Tel:
Work 020 7809 2321
Email:
Stephenson Harwood

Work Department

Commercial litigation.

Position

Richard has long experience in resolving a very wide range of complex commercial disputes, most of which have a cross border dimension. This may be through litigation, arbitration or ADR or old fashioned negotiation.

Richard's experience includes working on matters concerning banking and finance looking at derivative disputes, transactional issues, trade finance and significant recovery actions including claims against third parties; shareholder, joint venture and investor oppression issues; and cross border disputes, managing litigation across numerous jurisdictions.

His recent work includes acting for SPL Guernsey in various claim against investment managers, former directors and auditors arising out of the Arch Cru affair. Richard has also acted in a high profile LIBOR dispute arising out of a substantial multi party international financing (including a derivative) which is one of the lead cases on this issue.

Richard has written and spoken frequently, in particular on cross border issues and trade finance matters.

He is a member of the ICC UK Committee on Banking Technique and Practice and was also a member of an ICC working party on the use of a-national dispute resolution provisions in international contracts. He also acted with ICC UK on particular concerns arising out of the negotiations for the entry into the Rome I Regulation.


London: Dispute resolution

Banking litigation: investment and retail

Within: Banking litigation: investment and retail

Finance litigation is a core practice area for Stephenson Harwood, which frequently advises on matters involving litigation in multiple jurisdictions and 'combines excellent sector knowledge with a genuine litigation focus'. The 'excellent team provides very prompt responses and is very strong at analysing cases' strengths and weaknesses'. Key work included acting for Natixis in a claim against Marex Financial (an independent commodities broker and trader) and Access World Logistics (Singapore) (a Glencore-owned provider of London Metal Exchange warehousing), which involved five spot-purchase contracts (and related repo transactions) for the sale of nickel; the case is expected to produce significant implications in the context of commodity financing, particularly the use of warehouse receipts in repo and other transactions of this nature. In other matters, the group advised Commerzbank on its claims against Liquimar Tankers Management and Pauline Shippingo, which arose out of loan and guarantee documentation that contained asymmetric jurisdiction agreements. The finance co-litigation heads are Sue Millar and Edward Davis. Other recommended names are commercial litigation department head John Fordham, 'who has excellent knowledge of cases', Richard Garcia, Donna Newman and Richard Gwynne.

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Commercial litigation

Within: Commercial litigation

Stephenson Harwood's 'excellent practice is genuinely focused on litigation'. It¬†has¬†particular expertise in cases involving financial services, shareholder disputes, public international law and fraud, which are frequently¬†multi- jurisdictional. The team represented¬†Blue Power in Business List proceedings against Eni, the Italian oil and gas multinational, which are valued at over ‚ā¨1 bn; the¬†matter arose out of an oil and gas field project, including¬†a claim for breach of contractual obligations of exclusivity that arose from Eni's engagement of third parties.¬†John Fordham¬†is department head;¬†Sue Millar¬†and¬†Edward Davis¬†are co-financial litigation heads; ¬†Richard Gwynne's practice covers¬†banking and finance litigation, shareholder and joint venture disputes, and complex cross-border disputes;¬†and¬†Richard Garcia¬†has¬†particular experience of shareholder, partnership, joint venture, post-acquisition and corporate investment disputes.¬†Sean Jeffrey¬†and Andrew Myers¬†are also highly rated,¬†Kate Cordery¬†was made partner, and Guy Harper¬†and Alina Neal¬†are key senior associates.

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Legal Developments by:
Stephenson Harwood

  • Companies should plan now to minimise their pension protection levy

    The amount that pension schemes have to pay to the Pension Protection Fund (PPF) for the year 2006/07 may have increased by as much as five times the previous year's levy. Employers who ultimately bear the cost of many pension schemes will need to make plans now to ensure the levy payable for the year 2008/09 is kept to a minimum.
    - Stephenson Harwood

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