Elaina Bailes > Stewarts Law LLP > London, England > Lawyer Profile

Stewarts Law LLP
5 NEW STREET SQUARE
LONDON
EC4A 3BF
England

Work Department

Commercial LitigationFraud and Securities Litigation

Position

Partner

Elaina is an experienced commercial litigator who has acted on a number of high-profile and ground-breaking cases in the High Court and in leading offshore jurisdictions, including Cayman and the BVI.

Elaina acts for companies, financial institutions, states and state-entities and high net worth individuals on a wide range of high-value commercial disputes. Her main practice areas include banking and securities litigation, complex fraud and asset tracing, insolvency claims and commercial disputes relating to sanctions (particularly relating to the Middle East).

Key cases include:

  • Acting for a financial institution in a dispute concerning the validity of corporate actions under the Cayman Islands sanctions regime
  • Acting for a large number of institutional investors in their claims against RBS relating to its rights issue of April 2008 (The RBS Rights Issue Litigation [2016] EWHC 3161 (Ch)). This was the first group litigation in the financial services sphere and one of the recent leading authorities on the application of legal advice privilege
  • Acting in a €500m claim against an investment bank for breach of fiduciary duty arising out of market manipulation in respect of complex credit-linked note transactions, and related offshore insolvency proceedings

Career

Elaina studied Philosophy and Theology at Oxford University (first class honours). She trained and qualified at Linklaters LLP in before joining Stewarts in August 2011.

Memberships

  • LSLA Committee member (London Solicitors Litigation Association) and former member of the JLSLA Committee
  • Co-President of Insolvency Law Commission (Common Law) at AIJA (International Association of Young Lawyers)

Personal

Elaina enjoys skiing, running and hiking in an attempt to counterbalance her keen interest in food and drink. She holds a WSET Level 3 award in wines and spirits, with a particular interest in the wines of Bordeaux and Australia.

Lawyer Rankings

London > Dispute resolution > Banking litigation: investment and retail

(Next Generation Partners)

Elaina BailesStewarts Law LLP

Representing financial institutions, companies, multi-national corporations, and high-net-worth individuals, Stewarts Law LLP’s ‘dynamic’ banking litigation team advises on disputes related to financial instruments and structures. In addition to its strength in claimant work, the group is also seeing an increase in defence instructions, particularly acting for foreign banks. Lucy Ward and Mo Bhaskaran took over from Clive Zietman, who retired in May 2024, as practice co-heads in April 2023. Keith Thomas is an expert in securities litigation and experienced in advising on shareholder claims. Alex Jay leads the firm’s insolvency and asset recovery team and Elaina Bailes is active, including in offshore jurisdictions, fraud and asset recovery, and financial services and securities litigation. Laura Jenkins’ clientele ranges from individuals to corporations, while Sophie Lalor-Harbord has experience acting both for and against banks.

London > Dispute resolution > Commercial litigation: premium

(Next Generation Partners)

Elaina BailesStewarts Law LLP

With ‘great strength in depth‘, boutique litigation and conflict-free firm Stewarts Law LLP is regularly called upon to act against major banks and financial institutions. Lucy Ward leads the team, along with Mo Bhaskaran, while Keith Thomas is head of the firm’s securities litigation practice. Elaina Bailes excels in fraud and asset recovery and financial services and securities litigation, while Lorraine Lanceley has experience acting for both claimants and defendants. Clive Zietman retired in May 2024. Ian Gatt KC left to join Brick Court Chambers.

London > Dispute resolution > Group litigation: Claimant

A leading firm in securities claims and group litigation stemming from the misselling of financial products, Stewarts Law LLP has a successful track record acting for claimants against financial institutions, investment banks and major corporations. Fraud and professional negligence claims are particular areas of expertise, as well as tax disputes and competition litigation. ‘Excellent strategist’ David Pickstone and ‘superb lawyer and litigator’ Kate Pollock lead the firm’s group actions offering, alongside Keith Thomas, who also heads the securities litigation practice. Harry McGowan also specialises in securities claims, while Stuart Carson focuses his practice on competition litigation. Aaron Le Marquer spearheads claims related to COVID-19 business interruption insurance. Alex Lerner boasts particular expertise in group litigation arising from the mis-selling of financial products. Further key names to note include Elaina BailesLorraine Lanceley and Elisa Wahnon.