Richard Lissack KC > Fountain Court Chambers > London, England > Lawyer Profile

Fountain Court Chambers
FOUNTAIN COURT, TEMPLE
LONDON
EC4Y 9DH
England

Position

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.”

Career

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.

Publications:

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.

Memberships

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.

Leisure

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

London Bar > Professional disciplinary and regulatory law

(Leading Silks)Ranked: Tier 4

Richard Lissack KCFountain Court Chambers

London Bar > Business and regulatory crime (including global investigations)

(Leading Silks)Ranked: Tier 1

Richard Lissack KCFountain Court ChambersBest in his field. Formidable advocate and KC. No equal in his field. Always adds value. Fantastic with instructing solicitors and clients alike.

Fountain Court Chambers has a strong focus on commercial and regulatory crime work, with members routinely acting for major corporates, financial institutions, and professional services firms, both domestic and international in high-profile and complex proceedings. Richard Lissack KC has represented high-profile corporate and individual clients in a wide range of cases, with standout expertise in financial services matters relating to rate-rigging and transactional fraud, and is currently acting for a number of major financial institutions in ongoing, precedent-setting proceedings in the capital markets space. ‘An expert in a difficult field‘, Robin Barclay KC continues to establish his silk practice in global commercial fraud, and is representing Terra in Terra Services Ltd v NCA, a high-profile investigation of the property company linked to oligarch Oleg Deripaska in connection with the Mueller Investigation into alleged Russian interference in the 2016 US presidential election. Eleanor Davison acts on both sides of cross-border financial crime investigations, and is a go-to for UK financial authorities in cases alleging criminal money laundering and insider dealing, alongside regularly defending banks and other financial institutions facing similar allegations.

London Bar > Financial services regulation

(Leading Silks)Ranked: Tier 1

Richard Lissack KCFountain Court Chambers ‘Richard is a stand out silk in this area and there are very few others that are able to come close to the level of skill, attention and grace he brings to every instruction. Richard is able to offer advice quickly and precisely on even the most complex of matters and offers a degree of strategic oversight and commercial awareness that is difficult to find at the Bar. Richard is extremely impressive on his feet and is able to win over any tribunal with ease.’

The bench strength is phenomenal’ at Fountain Court Chambers which offers ‘everything under one roof: corporate crime, contentious FS regulatory; public law and professional disciplinary work‘. The cross-over with white collar crime, where silks such as Richard Lissack KC are leading market figures, makes it an extremely popular choice. This side of the offering was boosted by the arrival of Robin Lööf, previously a solicitor at Debevoise & Plimpton LLP advising banks and institutions on a range of financial services issues, including cryptoasset launches. Members often work together, as in R (Donegan) v Financial Services Compensation Scheme Limited, a dispute arising out of the high-profile collapse of London Capital & Finance, in which Richard Handyside KC, Rebecca Loveridge and Rupert Allen  advised the FSCS. Richard Coleman KC also represented the FCA in the groundbreaking Business Interruption Insurance Test Case, FCA v Arch Insurance (UK) Limited & Others.

London Bar > Commercial litigation

(Leading Silks)Ranked: Tier 5

Richard Lissack KCFountain Court Chambers ‘He delivers exceptionally clear advice in a confident manner that reassures clients. He also has the ear of the Court. His understanding of regulatory, fraud, criminal and civil issues means he has a unique practice.’

London Bar > Administrative law and human rights

(Leading Silks)Ranked: Tier 4

Richard Lissack KCFountain Court ChambersExtremely responsive, and highly attuned to client needs. Clients will take him as the last word on any nuanced issue – his judgement is impeccable.

London Bar > Fraud: civil

(Leading Silks)Ranked: Tier 2

Richard Lissack KCFountain Court Chambers ‘A tenacious advocate who is superb with clients, and utterly charming.’

Fountain Court Chambers is ‘really strong across all levels and with a market-leading civil and criminal fraud team‘. The set is noted for its overlapping strengths in key areas such as banking and financial services. Notable mandates include Kuwaiti Public Institution for Social Security v Al Rajaan & Others, a massive fraud claim brought by the Kuwaiti pension fund against its former Director General, Fahad Al-Rajaan, and over 40 defendants, in which Stuart Ritchie KC  is co-leading a team, including Nico Leslie , for the claimants, and Richard Lissack KC is leading several members, including Leonora Sagan , for Man Group, one of the defendants. Rosalind Phelps KC is also representing the defendant in Federal Republic of Nigeria v JP Morgan Chase, a US$870m fraud claim brought by the Nigerian government concerning bank payments used for an allegedly corrupt oil deal dating back to the regime of Sani Abacha.

London Bar > Health and safety

(Leading Silks)Ranked: Tier 2

Richard Lissack KCFountain Court Chambers

London Bar > Banking and finance (including consumer credit)

(Leading Silks)Ranked: Tier 2

Richard Lissack KCFountain Court Chambers ‘Richard is the smoothest and most user-friendly KCs. He delivers exceptionally clear advice in a confident manner that reassures clients. He also has the ear of the court. His understanding of regulatory, fraud, criminal and civil issues means he has a unique practice.’