Richard Lissack QC > Fountain Court Chambers > London, England > Lawyer Profile
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Richard Lissack QC
Richard is a recognised and renowned leading QC practising in the UK, New York, and across the Gulf, Caribbean and Europe. He is a pre-eminent commercial silk recognised both nationally and internationally across many disciplines. He is listed across the directories as a leading practitioner in 13 areas with specialisms in all forms of litigation arising from complex international and cross-border commercial fraud (civil litigation, enforcement and regulation) and with particular experience in banking and finance; financial services; and high value white collar crime acting for both corporates and individuals which often involves anticorruption legislation and the UK Bribery Act 2010 (on which he has co-authored a leading textbook).
Richard’s practice comprises mainly high-profile complex litigation and is heavily weighted towards points at which commercial conduct straddles the line between civil, regulatory and enforcement – and cross border work involving financial markets including those concerning the major banks. He also maintains a significant practice in health and safety and also in inquests and public inquiries.
The following are prominent cases in which Richard has and is acting. For a full list please see https://www.fountaincourt.co.uk/people/richard-lissack-qc/
- Barclays Bank Qatar capital raising: acting as the lead QC in Barclays’ success in multiple proceedings arising out of the £11 billion investment by Qatar in the bank in 2008, including investigations run by the SFO, the FCA and other regulatory bodies in the UK, and the SEC and Federal Reserve in New York, and related criminal and commercial court proceedings.
- ENRC v SFO, Dechert and others: acting for a major extractive industries entity in a wide range of very high-profile litigation, including in a landmark decision in law on privilege which caused international repercussions for the legal profession.
- Sports Direct v Financial Reporting Council: acting for Sports Direct in regulatory and compensatory proceedings including in its successful appeal to the Court of Appeal relating to the law of privilege in relation to the production of certain documents in connection with a statutory investigation into the retailer’s former auditors Grant Thornton.
- Republic of Mozambique v Privinvest and Credit Suisse: acting for Privinvest and its UBO Iskander Safa in a multi-billion-pound claim brought against it by Mozambique involving allegations of fraud across multiple jurisdictions including London, New York and Switzerland.
- Kuwait PIFSS v Man Group and other defendants: acting for UK financial entities in the Man Group being sued with over 30 other Defendants in a multi-billion pound Commercial Court action.
- HP and Autonomy: acting for the CFO of Autonomy in relation to several allegations of corporate fraud by both the SFO and FRC in the UK and the Department of Justice in the US, involving extensive related issues of regulation and enforcement worldwide.
- Oleg Derpiaska v Vladimir Chernukhin: acting for and advising Mr Chernukhin in various aspects of this multifaceted continuing litigation spanning the Supreme Court, Court of Appeal, Commercial Court and Administrative Court.
Of course, he has appeared in and advised in connection with almost every significant public inquiry of recent times and is consulting editor of Public Inquiries (OUP). Richard’s record in health and safety and public inquiries work is unsurpassed including: Grenfell Tower, Didcot Power Station collapse, Hatfield, Potters Bar, Ladbroke Grove and Southall train crash cases; the Lyme Bay tragedy; the sinkings of the Maria Assumpta and the Pescado – the list goes on.
His clients say of him: “He has the ability to see the wider picture and is completely charming and collaborative.” “The way he conducts his cases is deeply impressive.” “He’s a very experienced and knowledgeable advocate who is good with the team and has a commercial approach. Good to work with.” “He is very shrewd and strategic, and very client-friendly.” “He really does think outside the box. He has come up with amazing suggestions and solutions, and he is one of the boldest and bravest advocates.” “A corruption guru,” who is “very charismatic, very imaginative and a creative thinker. He’s a forceful, skilled advocate, who tailors his submissions to his audience very well.” “Richard is tactically astute, excellent with clients and one of the few QCs that understands the needs of a corporate client. He’s smooth in court, diplomatic and highly persuasive.” “He is an exceptional lawyer, willing to confront received wisdom with energy and forensic finesse.” “‘Deeply impressive knowledge of banking and finance law, and advocacy skills.“ “An absolutely terrific advocate who spans the world of commercial law, crime and regulation.” “‘He instils confidence in the client, with authoritative and to the point contributions.” “Gives very calm and measured advice and clients rate him highly.”
Called 1978, QC 1994 aged 37; QC Bar of the Eastern Caribbean 2002; Recorder 1993 onwards; New York Bar 2007; Northern Ireland Bar (QC) 2008; 2008 Dubai International Financial Centre Courts; 2008 Bencher of Inner Temple.
Co-authors Lissack and Horlick on Bribery, LexisNexis (3rd Edition). Consulting editor, Public inquiries, Oxford University Press. Financial Services Law and Regulation, LexisNexis. Richard has written and contributed to numerous articles for legal/business publications and is regularly called upon to provide expert commentary for national newspapers and radio.
Bencher, Inner Temple; Member Chartered Institute of Arbitrators; Financial Services Lawyers Association (Board Member); Human Rights Lawyers Association; Commercial Bar Association; International Bar Association; Employment Law Bar Association; Bar European Group; Health and Safety Lawyers Association; American Counsel Association; Federal Bar Council of New York.
Richard is married with three daughters, one step daughter and two step sons and when not in court he walks, goes to the theatre (and far too many rock concerts!), sails off the coast of Cornwall and acts as an Ambassador for Action Aid and a Patron and Development Board member of RADA.
Lawyer Rankings(Leading Silks) Ranked: Tier 1
At Fountain Court Chambers, Richard Lissack QC is representing the CFO of software company Autonomy in the ongoing case concerning allegations of corporate fraud brought against the company by the SFO and the FRC in the UK, as well as the Department of Justice in the USA, relating to the $8bn sale of Autonomy to Hewlett-Packard. Strengthening the team on the senior end, 2020 saw Robin Barclay QC (described as ‘very proactive and hardworking‘) and Tamara Oppenheimer QC (who ‘expresses opinions succinctly and with clarity‘) be elevated silk.
Fountain Court Chambers is ‘a top chambers and does a great deal of fraud work‘. The set is commended for its ‘very real strength in depth at all levels‘ and in recent years it has ‘actively built out by lateral hires in the market‘, particularly in the intersection of civil and criminal fraud. The HP v Autonomy dispute saw Richard Lissack QC representing Autonomy’s former chief financial officer, while, on the opposing side, Patrick Goodall QC was among those representing the claimants. Another landmark case was SFO v Eurasian Natural Resources Corporation, where Bankim Thanki QC and new silk Tamara Oppenheimer QC successfully represented ENRC in the Court of Appeal. Edward Levey QC was another member of chambers to talk silk in early 2020; considered a ‘creative thinker‘, Ian Bergson is a rising star in chambers.
Fountain Court Chambers is ‘quite simply one of the best chambers in London with the bench strength and quality to handle the largest and most complex cases‘. The set has a ‘good range of silks and senior juniors in the financial services field‘, several of which, including Richard Coleman QC and Andrew Mitchell QC offer strong non-contentious advisory support. On the contentious side, members have been involved in proceedings arising out of Barclays Bank’s Qatar capital raising, with Richard Lissack QC and Eleanor Davison among those representing Barclays. Lissack, Tamara Oppenheimer QC, Bankim Thanki QC and Rebecca Loveridge were also on ENRC’s team in Director of the Serious Fraud Office v ENRC.
Richard Lissack QC – Fountain Court Chambers ‘Close to pre-eminence at the intersection of civil and criminal liability in the banking field, he is also genuinely and consistently superb for his client handling.’