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Clifford Chance LLP

10 UPPER BANK STREET, LONDON, E14 5JJ, ENGLAND
Tel:
Work 020 7006 1000
Fax:
Fax 020 7006 5555
DX:
149120 CANARY WHARF-3
Email:
Web:
www.cliffordchance.com

Roger Best

Tel:
Work +442070061640
Email:
Clifford Chance

Work Department

Litigation&Dispute Resolution

Position

Partner

Education

University of Durham (BA Economics / Law)


London: Corporate and commercial

Financial services

Within: Leading individuals

Roger Best - Clifford Chance LLP

Within: Financial services

Clifford Chance LLP benefits from an 'unparalleled depth and breadth of regulatory experts, particularly in traditional banking products, payments and custody businesses'. The team's ability to leverage its wider finance practice in London, as well as its pan-European network of offices is 'a game changer in the context of Brexit contingency planning'. The firm is heavily engaged with numerous industry associations including The Association for Financial Markets in Europe (AFME) which it partnered with to provide an extensive report assessing the legal and regulatory impact of the exit of the UK from the EU on the EU’s wholesale capital markets. Monica Sah and Chris Bates have been at the heart of much of the Brexit-related advice to the AFME, while the 'excellent' Simon Crown has provided high-level advice on the implications of Brexit to the asset management sector. Alongside Bates, Simon Gleeson is 'recognised as one of the most trusted advisers across the Square Mile and is therefore pivotal to the highest level advice provided by the firm including on Brexit contingency planning and policy level advice relating to resolution planning' . The 'outstanding' Jeremy Walter heads up the firm's relationship with the Futures Industry Association (FIA) and has been busy advising it on coordinating and drafting updated legal opinions in respect of the netting and collateral provisions contained in FIA’s industry standard documentation (both older versions and the latest 2018 terms of business) on the basis of templates prepared and provided to counsel. Caroline Meinertz 'is a rising star' and also provided vital input on much of the firm's Brexit-related work as well as on other big-ticket strategic advice impacting the banking sector. The firm’s contentious team has been at the forefront of the most significant domestic and multi-jurisdictional regulatory investigations in the industry, in addition to acting on behalf of top-level executives. The 'hugely experienced' Carlos Conceicao has an 'unmatched reputation in the field', regularly defending financial institutions in the highest-profile agency investigations in the market. Praised for his 'well-balanced approach and very sound advice', Dorian Drew has 'extensive experience in negotiating regulatory settlements'. Roger Best is also recommended.

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London: Crime, fraud and licensing

Fraud: civil

Within: Fraud: civil

Clifford Chance LLP¬†is a ‚Äėgo-to firm for big ticket international fraud‚Äô and is ‚Äėa one-stop-shop for all issues arising out of large-scale fraud cases‚Äô. It has represented clients in the High Court in various asset recovery matters, interim relief and securing recoveries through trial or settlement. The firm recently defended Apax Partners against a claim brought by the joint liquidators of Hellas II in relation to an alleged undervalued refinancing transaction and placing assets beyond the reach of its creditors. Other clients include Citi, ICBC Standard Bank, Unitel and EQT. Key practitioners include Roger Best¬†and Matthew Scully¬†who has ‚Äėa very good reputation for fraud matters‚Äô and is ‚Äėunderstated but very experienced‚Äô. Jeremy Kosky¬†is also recommended.

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London: Dispute resolution

Banking litigation: investment and retail

Within: Leading individuals

Roger Best - Clifford Chance US LLP

Within: Banking litigation: investment and retail

Able to handle a large volume of high-end litigation, Clifford Chance LLP¬†is 'a¬†first-rate banking litigation firm handling complex banking litigation on behalf of a wide range of financial institutions'. It¬†acts in some of the most high-profile banking disputes and investigations both within the UK and globally. The team‚Äôs workload spans a range of complex financial products, derivative transactions and aircraft financing as well as industry-wide issues such as Libor rate setting, Forex manipulation, the credit default swaps (CDS) market, and the Panama Papers; the firm also has in-house forensic accounting capability. Kelwin Nicholls¬†who is 'a¬†very talented, unflappable lawyer who provides superb advice on highly complex matters', Ian Moulding¬†and Helen Carty¬†co-lead the firm‚Äôs London-based banking litigation team; in a high-value case involving the duties and role of an arranger in an Islamic financing transaction, Nicholls and Michael Lyons¬†defended BNP Paribas against two parallel proceedings filed in the Commercial Court, surrounding a landmark $650m Islamic finance bond involving the Saudi conglomerate, Saad Trading, Contracting and Financial Services Company; and Carty defended Deutsche Bank (DB) against a claim for over ‚ā¨800m brought by Vestia, one of the largest Dutch housing associations, in relation to derivatives transactions it entered into with DB. Former global head of litigation Jeremy Sandelson, who is 'a superb client-handler, a highly sophisticated tactician and a delightful team leader'¬†stepped down from the role and was replaced by Matthew Newick; and¬†Christopher Yates¬†has a particular speciality in finance disputes with a cross-border element involving investments in developing economies. Other key advisers include¬† Julian Acratopulo, who is 'clever, sophisticated, charming and utterly committed to the client',¬†Simon Davis, Roger Best¬†and Jeremy Kosky¬†, together with¬†Matthew Scully¬† and¬†Roger Leese. The key senior associates are Lindsay Bickerton¬† and Kate Scott.

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Commercial litigation

Within: Commercial litigation

According to some, Clifford Chance LLP has 'perhaps the finest commercial litigation department in the City; there is no dispute, however large and complex, that the firm does not handle superbly'. In a high-profile, high-value dispute involving litigation and investigations on both sides of the Atlantic, the team defended Autonomy founder, Dr Mike Lynch (ML), against allegations of financial impropriety and misrepresentation made by Hewlett Packard, which acquired ML's software company in 2011 for $11bn; and in a recent landmark Supreme Court decision on contractual penalty clauses, it represented Talal El Makdessi in his battle against a WPP subsidiary, which was particularly significant as it was the first time the UK Supreme Court (and its predecessor) has considered the penalties' doctrine in over 100 years. Jeremy Sandelson is 'a superb client handler, a highly sophisticated tactician, a delightful team leader, and outstanding when the possibility of losing cannot be entertained'. Philip Hill is 'the smartest litigation solicitor in the UK; he knows the best route to victory'. Maxine Mossman is 'an up-and-coming superstar of the UK’s top-end commercial litigation world'; and Julian Acratopulo 'regularly handles the biggest cases around'. Other widely respected advisers include Simon Davis, Helen Carty and Christopher Yates, along with Roger Leese, Jeremy Kosky, Kelwin Nicholls, Matthew Scully and Roger Best, while James Cranston is 'an outstanding senior associate' and Guy Burkitt is 'as good an associate as clients could want'.  Iain Roxborough left for Keystone Law.

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London: Projects, energy and natural resources

Oil and gas

Within: Oil and gas

Alex Panayides , Graham Phillips and Ashvin Seetulsingh jointly head Clifford Chance LLP 's global oil and gas offering which recently handled Engie's $2bn sale of its portfolio of upstream LNG assets to Total, and assisted Shell with the disposal of a portfolio of North Sea interests and associated infrastructure to Chrysoar for $3.8bn. Russell Wells collaborated with a cross-office team to advise lenders on the development of a major cross-border gas pipeline project, and Brendan Moylan acted for a consortium of heavyweight investors in its agreement with a utilities company to acquire a 61% shareholding in its regulated gas distribution networks. The team also intervenes in contentious matters such as Audley Sheppard and Roger Best 's representation of a Middle Eastern state-owned investment company in an LCIA arbitration concerning contractual claims against an Asian sovereign wealth fund. Other key clients include Kerogen, Statoil and Petrofac.

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London: Risk advisory

Regulatory investigations and corporate crime

Within: Leading individuals

Roger Best - Clifford Chance LLP

Within: Regulatory investigations and corporate crime

Clifford Chance LLP advises on sanctions, bribery and benchmark manipulation matters and has a specialist in-house team of forensic accountants. The firm continues to act for Serco in relation to investigations and inquiries by the City of London Police and the Serious Fraud Office (SFO). It also is acting for the founder of Autonomy in relation to allegations of financial impropriety and misrepresentation made by Hewlett Packard in a case worth over £3bn. RBS is also a client. Key practitioners Roger Best and Luke Tolaini are recommended. Judith Seddon left the firm for Ropes & Gray LLP.

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