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Addleshaw Goddard

40 LIME STREET, 10 NOBLE STREET, LONDON, EC3M 7AW, ENGLAND
Tel:
Work 020 7606 8855
Fax:
Fax 020 7606 4390
DX:
47 LONDON
Email:
Web:
www.addleshawgoddard.com

Chris Brennan

Tel:
Work 020 7160 3244
Email:
Addleshaw Goddard

Work Department

Litigation.

Position

Chris specialises in contentious regulatory matters in the financial services sector. Chris’ work is focused on acting for clients in the context of investigations and enforcement proceedings by the FSA. Chris also works closely with AG’s finance litigation teams in relation to the regulatory aspects of litigation. Chris’s cases include the following: assisting a leading friendly society in responding to a suspected internal fraud and advising on the investigation, asset tracing and recovery and dealing with the FSA regarding the client’s internal systems and controls. Advising a large retail intermediary in relation to the alleged mis-selling of a retail investment product. Assisted the client in the design and oversight of a past business review and in managing the FSA. Although there was evidence of considerable mis-selling, the FSA was persuaded not to take enforcement action against the client. Acting for a banking client in relation to payments made out of accounts which were the subject of a Restraint Order under the Proceeds of Crime Act. In addition to dealing with the CPS in relation to the alleged breach of the Order, we are assisting the client in responding to FSA concerns regarding the client’s systems and controls. Successfully defending a senior executive of a financial institution from the FSA’s attempts to withdraw his approved person status following allegations that the individual had deliberately sought to mislead the FSA. The Regulatory Decisions Committee was persuaded that the proposed action was not appropriate. Acting for a client in relation to the alleged mis-selling of an insurance product including advising on the management of a large scale past business review/customer redress scheme as well as responding to FSA concerns. Advising an FSA regulated brokerage business on FSA enforcement proceedings in circumstances where the FSA alleged our client had failed to secure an appropriate degree of protection for client monies. Conducting an investigation on behalf of a client in relation to allegations that the client had deliberately mislead the FSA. The investigation included a large scale document review and interviews with witness.

Career

Qualified at the Bar in 1996. Joined Addleshaw Goddard as a partner in 2012. Chris’ roles include a senior lawyer within FSA’s Enforcement division; General Counsel for an international derivatives broker (Newedge); and partner at Barlow Lyde & Gilbert LLP. Chris joined AG from Lloyds Banking Group where he was head of regulatory in group legal. Chris was formerly a member of the FSA’s Practitioner Panels.

Member

Financial Services Lawyers Association.

Education

Thames Valley University (LLB 2:1); Inns of Court School of Law (BVC Very Competent).


London: Dispute resolution

Banking litigation: investment and retail

Within: Banking litigation: investment and retail

Addleshaw Goddard¬†has a full-service banking litigation practice, which includes highly developed financial regulatory and financial crime expertise; and the team is regularly engaged in matters involving international or cross-border elements. The team successfully defended (up to Supreme Court level) Kommunale Wasserwerke Leipzig, the water authority for Germany‚Äôs City of Leipzig, against an approximately ‚ā¨350m claim brought by UBS that involved the sale of derivatives and bribery and fraud issues. Department head Michael Barnett, who is 'hugely experienced in banking litigation and invariably gets the right approach in tricky disputes',¬†is recommended for investment banking, derivatives and structured finance cases; and¬†Mark Gill¬†handles major banking and financial disputes, including cases featuring financial products such as derivatives and swaps. Gill is 'a master litigator with exceptional powers of analysing and simplifying complex problems, allied with great tactical skills'. Other key contacts are¬†Chris Brennan¬†, who¬†specialises in financial services regulatory matters, enforcement and disputes; the¬†'highly skilled strategist'¬†Richard Clayton,'a brilliant problem solver with finely-honed litigation skills¬†who achieves very successful outcomes'¬†and whose ¬†recent experience includes cases involving derivatives, other structured credits, trade finance, securitisation, bonds, mandate and prospectus issues; and James Herring, whose¬†expertise includes mis-selling claims, claims relating to lending and security issues, derivatives and structured products. Further names to note are corporate crime and investigations practice head¬†Nichola Peters¬†and Michelle de Kluyver, the latter joining from Allen & Overy LLP, bringing extensive expertise in cross-border investigations.

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