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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

Edward Davis

Tel:
Work 020 7809 2327
Email:
Stephenson Harwood

Work Department

Commercial litigation.

Position

Ed is a commercial litigator, helping to resolve a wide range of domestic and cross-border disputes. He is well-known for his expertise in complex banking and fund-related matters, and co-heads the firm's market-leading finance litigation group. He advises clients in High Court litigation and arbitration.

Ed has a broad commercial litigation experience, acting for a variety of clients, including banks and other financial institutions, funds, commodities traders, accountants, trustees and individuals. He advises on the full range of commercial disputes, including fraud and injunctions, commercial contract disputes, and joint-venture and shareholder disputes. He also advises on international and cross-border litigation strategies and manages and co-ordinates litigation in different jurisdictions. Clients value his pragmatic and commercial approach.

He is particularly well-known for acting in complex and high value financial disputes, covering a wide range of products, including asset backed securities, credit default swaps, interest rate swaps, bond issues, global depository receipts and credit linked notes. He has advised clients in connection with various trade finance matters (letters of credit, letters of indemnity), and advises banks on regulatory issues.

As well as acting in High Court disputes, Ed has acted in a wide range of insolvency matters (advising liquidators, creditors and companies in winding-up proceedings) and has acted for clients in a number of LCIA and ICC arbitrations.


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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