Adv Ryan Ferro > Chambers of Ewan McQuater KC and David Quest KC > London, England > Barrister Profile

3 Verulam Buildings has ‘a strong civil fraud practice, particularly for cases involving banking fraud‘. The set was recently particularly active in litigation surrounding several very high-value frauds involving the Covid-related furlough scheme and business loans. In other areas, David Head KC is defending Dimitrios Tsouvelekakis against a substantial claim, which alleges that he acted fraudulently in relation to advice on discretionary investment trusts. In a multi-jurisdictional dispute over Russia’s largest fishing business, Hodge Malek KC defended Vitaly Orlov, CEO and co-founder of the Norebo Group, against complex fraud and conspiracy claims brought by Alexander Tugushev. Elsewhere in chambers, Ewan McQuater KC is leading a substantial counsel team that includes David Quest KC and rising star William Day, in defending the interests of Dubai Islamic Bank and Noor Bank, further to the 2020 collapse of the NMC Healthcare group, which is said to have been the subject of a massive fraud by its management. Juniors building notable fraud practices include Sophia Dzwig, Ryan Ferro and Ravi Jackson.

3 Verulam Buildings are the ‘go-to set for banking litigation‘ with a ‘clear, demonstrable strength in depth‘ in their bench. Members of the set engage on some of the area’s defining cases involving major international banks and prominent individuals. One such example this year is the case of Re an application for directions by Golden Belt 1 Sukuk Company BSC in which Richard Salter KC led Sarah Tulip acted for the claimant bond trustee and its delegate on their application for a declaration that the limitations imposed by the declaration of trust and agency on the power of certificate holders to pass resolutions. Barristers from the set have also been regularly instructed on international and cross-border cases, such as Jonathan Davies-Jones KC and David Simpson representing Siam Commercial Bank in Suppipat v Narongdei, a large civil fraud claim concerning an alleged attempt to wrest control of a wind energy company. Alongside this, the set covers disputes covering all parts of the globe, with significant instructions received from global events such as the Covid-19 pandemic and Russia’s invasion of Ukraine. Juniors Ravi Jackson and Ryan Ferro are names to watch from the set, with both instructed on high-value, complex banking and finance disputes.