Aaron Taylor > Fountain Court Chambers > London, England > Barrister Profile

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

Position

Barrister with a broad commercial practice including art law, banking and finance, aviation, media and entertainment, energy, crypto, civil fraud, and commercial crime.

Aaron has a particular interest in art and cultural property. He is currently working on a book about financial crime in the art market, the proposal for which was shortlisted for the FT Bracken Bower Prize 2021. He was awarded a 2023 Churchill Fellowship to support his research.

Notable recent cases include:

Federal Republic of Nigeria v JPMorgan Chase Bank NA [2022] EWHC 1447 (Comm)

Acting (with Rosalind Phelps KC and David Murray) for the successful defendant in a high-profile $1.5 billion+ claim for breach of Quincecare duty. The background to the claim was an alleged “fraudulent and corrupt scheme” perpetrated by former government ministers, concerning the proceeds of an oil prospecting licence. The judgment of Cockerill J, following a seven-week trial, contains a valuable discussion of the nature of the Quincecare duty, the meaning of gross negligence in private law, and the scope of the Foreign Act of State doctrine.

FTAI AirOpCo UK Ltd v Olympus Airways SA [2022] EWHC 1362 (Comm)

Acting (as sole counsel) for the successful claimant in a $5 million+ aviation claim in the London Circuit Commercial Court. The claimant lessor was awarded unpaid rent, various costs and expenses incurred in the recovery of the aircraft, and damages for the aircraft’s diminution in value. The claim gave rise to questions of interpretation of a standard commercial aircraft lease, including the provisions on termination, indemnitees, and relief. It also involved disputed issues of fact as to the condition and return of the Aircraft, and expert evidence as to valuation. Aaron also acted as sole counsel at the CCMC, DGH, and two full-day application hearings (including FTAI AirOpCo UK Limited v Olympus Airways [2021] EWHC 2614 (Ch)).

$20 million+ art dispute

Acting (with James Willan KC) for the claimant investors in a dispute concerning a joint venture for the fabrication and sale of iconic LOVE sculptures and other works by the American artist Robert Indiana. The claim settled on confidential terms in July 2021.

Zhao Long & Anr v Endushantum Investments Co Ltd BVIHC (Com) 2017/0151

Acting (with Stephen Rubin KC) for the Fifth Defendant, in a claim concerning the ownership of a very substantial parcel of shares in the Fifth Defendant, a major PRC-based pharmaceuticals company held through BVI entities, involving allegations of fraudulent misappropriation. The judgment includes significant discussion of the law governing the drawing of adverse inferences, and as to the recognition of foreign judgments.

$150 million+ crypto claim

Acting (with Nik Yeo) for the claimant crypto trader, obtaining injunctive relief, in support of foreign proceedings against persons unknown, in respect of a pool of crypto assets representing the traceable proceeds of a high-profile hack of a blockchain bridge.

Career

Call 2017 (England & Wales); 2019 (BVI).

Appointed to the SFO C Panel of Counsel for Proceeds of Crime – International Assistance.

Judicial Assistant, Commercial Court (Teare and Butcher JJ), 2018-19, including for the trials of Danilina v Chernukhin [2019] EWHC 173 (Comm) and TGTL v CATS North Sea [2019] EWHC 1220 (Comm)

Visiting lecturer in art law, London School of Economics (from 2023); Associate Lecturer and Visiting Research Fellow in Law, Goldsmiths, University of London (2019-2023); Tutor in law, St Edmund’s College and Trinity Hall, Cambridge (2017-19); Teaching Fellow in law, University College London (2016-17).

Aaron has published widely in leading academic and practitioner journals, including ‘Resale Restrictions in the Contemporary Art Market’, AAL (2023, forthcoming); ‘Civil claims for secret commissions’ (2022) 80 CLJ 452; ‘Concurrent Duties’ (2019) 82:1 MLR 17; ‘Interpretation of Industry-Standard Contracts’ (2017) LMCLQ 261; ‘In search of the ratio decidendi’ (2019) 135 LQR 556.

Memberships

  • Institute of Art & Law
  • Art Lawyers Association
  • COMBAR
  • Young Fraud Lawyers’ Association
  • Financial Services Lawyers Association

Education

Keble College, Oxford, BCL (Distinction)

St Edmund’s College, Cambridge, BA Law (accelerated) (Double First Class)

University of Bristol, BA History (First Class, top of cohort in each year; starred first final year)

Lincoln’s Inn: Lord Mansfield Scholarship, Sunley Scholarship, and Hardwicke Entrance Scholarship

Leisure

Art; classical music; running; squash; coffee.

Lawyer Rankings

London Bar > Fraud: civil

(Rising stars)Ranked: Tier 1

Aaron Taylor – Fountain Court ChambersVery able – a barrister to watch.

Obviously one of the top sets in the market in this area‘, Fountain Court Chambers‘ members are routinely instructed in high-stakes civil fraud cases, both in the UK and overseas. Recent workloads encompass banking and finance sector disputes, as well as cases with international elements. Africa-related civil fraud work is a notable growth area for the set, which is also particularly active in Asia, Middle East and Russia & CIS matters. In arguably one of the largest fraud claims of 2022, Rosalind Phelps KC acted for the defendant in the high-profile Republic of Nigeria v JP Morgan, which involved a $870m claim that concerned an allegedly corrupt oil deal and issues of the Quincecare duty. March 2023-appointed silk Simon Atrill KC, led by Timothy Howe KC, represented Credit Suisse in a substantial claim involving bribery and undue influence allegations, in relation to Libya’s placement of substantial investments with Western banks. Aaron Taylor, Nicolas Damnjanovic and Samuel Rabinowitz are notable juniors in chambers.

London Bar > Banking and finance (including consumer credit)

Being ‘packed full of some brilliant and incredibly intelligent lawyers,’ Fountain Court Chambers has been at the forefront of some of the recent substantial banking and finance litigation, both domestically and internationally. The set specialises in managing disputes that have a significant impact on the financial sector, with one such example being cases related to the Quincecare duty when banks suspect fraud: these include Federal Republic of Nigeria v JP Morgan Chase NA which saw Rosalind Phelps KC, David Murray and Aaron Taylor instructed in a successful defence of a $1.5bn claim against the bank. Alongside this, Patricia Robertson KC and Christopher Langley were instructed to act for HSBC in defence of a claim in relation to an alleged breach of the Quincecare duty, brought by the liquidators of Allen Stanford’s Ponzi scheme (Stanford International Bank Ltd (in liquidation) v HSBC Plc). Richard Coleman KC has a diverse practice, including acting in a number of cases involving judicial review in the banking space, while Nico Leslie is a standout junior for his work on high-profile banking disputes.

The English Bar Offshore > The English Bar Offshore

(Rising stars)Ranked: Tier 1

Aaron Taylor  – Fountain Court Chambers