Michael Ryan

Michael Ryan

Call: 2011

"Absolutely Brilliant."

Chambers & Partners 2021

Practice Profile


Michael Ryan is a commercial barrister who is “widely endorsed as a rising star at the commercial bar”. His practice encompasses cross-border disputes, banking and finance, contentious company and insolvency litigation, insurance, international trade and professional liability.  Many of Michael’s cases involve allegations of dishonesty and Michael has extensive experience of commercial fraud and asset tracing.

Michael is recognised in the directories as a leading junior in the following six fields: Commercial Dispute Resolution, Civil Fraud, Banking and Finance, Insurance and Reinsurance, Energy and Professional Negligence.

Michael’s advocacy has won praise in the directories, he is described as “an excellent advocate – he can outperform silks on the other side”; “his advocacy is also very strong”; “a strong advocate who outshines his opponents, including leading counsel”; and “a great advocate, who is calm in a crisis”. Michael appears both as sole advocate, having conducted trials, appeals and applications in his own right, and as senior junior to leading silks. He has appeared in numerous substantial trials and appeals. He has appeared in all the commercial divisions of the High Court, the Court of Appeal and the Supreme Court.

Michael enjoys legal analysis: “A real intellectual force”; “Michael is excellent in addressing complex, novel issues”; “A star in the making – in conference with silks present, they will all listen to his views which are considered and researched”; “Michael provides very thorough legal analysis”; “works hard to dig through issues and find solutions”.

Michael works as part of a team and is familiar with the demands of hard-fought commercial cases: “Incredibly user friendly, turns things around quickly, great written work, and very good to deal with”; “Michael is responsive and pinpoints the potential issues in a claim in a clear and concise manner. Easy to work with”; “Very bright and yet also very approachable”; “super bright, very practical and someone who is really nice to work with”.

Michael also has experience of interim relief applications, including on an urgent basis. This includes: freezing injunctions (domestic, worldwide and proprietary injunctions), anti-suit injunctions, Norwich Pharmacal Applications, Bankers Trust Orders and jurisdictional applications.

Recent and current instructions include:

  • Senior junior for the war risks underwriters in the Russian aviation test case arising out of the non-return of hundreds of aircraft out of Russian following the Russian invasion of Ukraine (c.US$5 billion in dispute).
  • Appearing as sole advocate for a foreign liquidator in the Chancery Division in a transnational fraud case giving rise to claims under s.423 of the Insovlency Act 1986.
  • Sole counsel in a multi-jurisdictional fraud case appearing as sole advocate in numerous contested hearings in the Commercial Court obtaining worldwide freezing orders and final relief.
  • A jurisdictional dispute between Russian banks in a major fraud case –VTB v Sberbank of Russia.
  • Appearing for PetroSaudi Oil in a dispute with the Venezuelan state-owned oil company PDVSA concerning funds alleged to be the proceeds of the 1MDB fraud.
  • Appearing for Apache Oil in the Commercial Court in a dispute with Ineos over North Sea oil pipelines Appearing for NatWest Markets Plc in the Bilta litigation concerning alleged dishonest trading of carbon credits – both in the Court of Appeal and the Chancery Division.
  • Instructed to appear at the 13 week trial of a US$1 billion Commercial Court action concerning offshore oil extraction in the North Sea – Single Buoy Moorings Inc v Aspen. (Settled shortly before trial.)
  • Acting for Rangers Football Club in a Commercial Court dispute with Sports Direct concerning sale and supply of replica kit.
  • Instructed as sole counsel in a Commercial Court claim worth £200 million.
  • Acting for a Swiss Bank in an 8 week dishonesty trial and now in the Court of Appeal – Group Seven v Notable Services.
  • Successfully defending a major firm in a 5-week trial of a £34 million fraud claim brought by liquidators of a property investment group Instant Access Properties v Rosser.
  • Acting for Saudi Arabian clients in the high profile Re Fi Call litigation (Apex v Global Torch), including the trial and several appeals to the Court of Appeal and the Supreme Court.

Michael is ranked in Chambers and Partners and Legal 500 as a leading junior for Commercial Disputes. He is described as “A star junior of the future”. He was also selected by Who’s Who Legal as a Future Leader in Litigation and is described as “an excellent litigator”. The directories note that Michael is “Really practical and commercial, and invariably the first port of contact on the case.”

Michael has an extensive commercial practice. Over the last few years, he has appeared in many of the most high-profile and high-value trials, often as sole junior to senior silks.  He is also frequently instructed as sole counsel and has successfully appeared against silks in court.  He also appears in arbitrations.

Work includes:

  • VTB Commodities v JSC Antipinksy [2021] EWHC 1758 (Comm): jurisdiction dispute between Russian banks in a major fraud case. Led by Jonathan Gaisman QC.
  • Bilta v Natwest Markets Plc: the major carbon-credit trading litigation. Michael appeared at the 6-week trial in 2018 and in 2021 successfully appeared in the Court of Appeal overturning the judgment – [2021] EWCA Civ 680. Michael also appeared successfully in the contested privilege application – see [2017] EWHC 3535. Michael is instructed as sole junior to John Wardell QC.
  • Apache North Sea Ltd v INEOS FPS Ltd [2020] EWHC 2081 (Comm): successfully appeared at trial for the Claimant in a dispute over rights to use a North Sea oil pipeline; worth over £120 million.
  • Group Seven Ltd v Notable Services LLP [2019] EWCA Civ 614; [2017] EWHC 2466: A major international fraud case concerning the theft and laundering of €100 million. Michael appeared for a Swiss Bank, LLB Verwaltung AG, which the fraudster attempted to use to launder the proceeds of the fraud. At the 8-week trial in 2017 Michael was instructed as sole junior to Clive Freedman QC. At the 5-day appeal to the Court of Appeal in 2019, Michael appeared as sole junior to Sonia Tolaney QC and successfully overturned the trial Judge’s findings of fact, establishing that the Respondents to the appeal had dishonestly assisted in the money laundering scheme.
  • Single Buoy Moorings Inc v Aspen: instructed to appear at the 13 week trial of a US$1 billion Commercial Court action concerning offshore oil extraction in the North Sea. (Settled shortly before trial in 2018.)  Sports Direct v Rangers Football Club: acting for Rangers Football Club in a Commercial Court dispute concerning sale and supply of Replica Kit. Michael has appeared in the expedited trial and other urgent interlocutory hearings in this matter in 2018 and 2019.
  • X v Y: instructed as sole counsel in a Commercial Court claim for £200 million.
  • The OW Bunker Litigation: litigation resulting from the bankruptcy of OW Bunker A/S, the third largest Danish company. Over US$750 million in dispute.  Michael was instructed by OWB and ING Bank in the recovery of the outstanding debt in a large number of international claims.
  • Instant Access Properties v Rosser: Michael successfully defended the 5 week trial of this matter at the end of 2017. The claim for £35 million against company directors and their advisers brought by liquidators of the company was dismissed.  The company was a major property investment concern which collapsed in the credit crunch and was responsible for the sales of hundreds of millions of pounds worth of property in the UK and internationally.  Michael appeared as the sole junior to Jamie Smith QC.
  • Re Fi Call; Apex Global Management v Global Torch: Michael acted for a Saudi Prince and BVI company Global Torch in this high-profile dispute over a telecommunications company. Michael appeared successfully at trial (see [2015] EWHC 3269 (Ch) and appeared in the appeal to the Supreme Court [2014] 1 WLR 4495 and again in the Court of Appeal in an important case for international litigation concerning the scope and effect of jurisdiction agreements in English law –  [2017] EWCA Civ 315. Michael was led by Justin Fenwick QC.
  • Orb v Ruhan: one of the largest cases in the Commercial Court in 2016 concerning a joint venture in respect of prime property sites in central London. Michael acted for Mr Ruhan who faced a claim against him for c.£250 million.  Mr Ruhan counterclaimed for recovery of assets worth c.£200m.  Michael also acted in Mr Ruhan’s related claim against Minardi Investments Limited for US$181 million.  Michael appeared with Richard Waller QC in a very substantial hearing over four days to determine applications relating to freezing injunctions (see [2016] EWHC 850).  Michael also appeared as sole counsel in two further hearings in the case against QCs. The case settled prior to the start of trial, which was listed for 16 weeks.
  • Leslie v Farrar Construction Ltd: a joint venture dispute concerning property development. Michael appeared successfully at the trial and in the Court of Appeal, which considered the scope of the defences available to a claim for restitution of mistaken payments – see [2016] EWCA Civ 1041.
  • X Ltd v Y Ltd: A cross-border trading fraud involving parties in the United States, Europe, Hong Kong, Dubai and China. Michael appeared for the successful claimants in an arbitration to recover sums in excess of US$40 million. (Led by Rebecca Sabben-Clare QC.)
  • A firm v X: acting as sole advocate for a major firm in proceedings in camera to obtain urgent freezing orders against an officer who had misappropriated millions in client funds.
  • X Ltd v Y Ltd: Acting, with George Spalton, for a Hong Kong Consultancy Firm in an arbitration against a multi-national mining/construction company arising out of alleged breach of services agreement in relation to the development of a power station in Africa.
  • Acting for a Turkish manufacturer of cables in a dispute with English distributor (with Ben Hubble QC).
  • Urgent without notice applications for delivery up of goods following a fraud upon a financing company. An application for an interim injunction to restrain a former director from contacting fellow former directors of a company (with Neil Hext QC).
  • Successfully resisting an application for a Norwich Pharmacal Application (QBD, Andrews J, Lawtel 13/1/15).
  • Obtaining Bankers Trust Orders in order to trace misappropriated funds.

Michael is ranked as a leading junior for Banking and Finance work. The directories note that he is adept at getting to grips with complex matters and that he is “very bright and yet also very approachable”.

Michael acts for major banks and financial institutions in high-profile litigation.  He has unrivalled trial experience for a junior of his level of call.  He is currently acting for RBS in a dispute worth in excess of £100 million and acted for a Swiss Bank in one of the biggest banking trials in 2017.  Michael was previously part of the defendant counsel team in the Cattles Litigation, a claim for £1.7bn – one of the largest claims to arise out of the financial crisis.   Michael appears in the new Financial List, the specialist Court in the High Court for Banking and Finance matters (including acting as sole advocate against QCs).

Work includes:

  • VTB Commodities v JSC Antipinksy [2021] EWHC 1758 (Comm): jurisdiction dispute between Russian banks in a major fraud case. Led by Jonathan Gaisman QC.
  • Bilta v Natwest Markets Plc: the major carbon-credit trading litigation. Michael appeared at the 6-week trial in 2018 and in 2021 successfully appeared in the Court of Appeal overturning the judgment – [2021] EWCA Civ 680. Michael also appeared successfully in the contested privilege application – see [2017] EWHC 3535. Michael is instructed by Natwest as sole junior to John Wardell QC.
  • Group Seven Ltd v Notable Services LLP [2019] EWCA Civ 614; [2017] EWHC 2466: A major international fraud case concerning the theft and laundering of €100 million. Michael appeared for a Swiss Bank, LLB Verwaltung AG, which the fraudster attempted to use to launder the proceeds of the fraud. At the 8-week trial in 2017 Michael was instructed as sole junior to Clive Freedman QC. At the 5-day appeal to the Court of Appeal in 2019, Michael appeared as sole junior to Sonia Tolaney QC and successfully overturned the trial Judge’s findings of fact, establishing that the Respondents to the appeal had dishonestly assisted in the money laundering scheme.
  • The OW Bunker Litigation: litigation resulting from the bankruptcy of OW Bunker A/S, the third largest Danish company. Over US$750 million in dispute.  The matter went to the Supreme Court. Michael was instructed by OWB and ING bank in the recovery of the outstanding debt in a large number of international claims.  The claims raised several complex issues of law including securitisation and assignment of debts; jurisdictional issues; wide ranging issues of contract law.  Michael was led by Robert Bright QC and Siobán Healy QC.
  • X ltd v Y Plc: acting for one of the leading private markets investment managers in a claim arising out of the sale of a building in Canary Wharf, London, for £130 million. Led by Rebecca Sabben-Clare QC.  Cattles v PriceWaterhouesCoopers LLP: part of the defendant counsel team in this claim for £1.7bn which concerned the collapse of the Cattles and Welcome Finance Group – one of the largest claims to result from the financial crisis.
  • Instant Access Properties v Rosser: the 5 week trial of this matter was heard at the end of 2017. Claim for £35 million concerning a major property investment concern which collapsed in the credit crunch and was responsible for the sales of hundreds of millions of pounds worth of investment property in the UK and internationally.  Michael appeared as the sole junior to Jamie Smith QC.
  • Advising the managers of a foreign property investment scheme in relation to a group action by investors. (With Anneliese Day QC.)
  • Acting for an investment vehicle in claims arising out of failed investment in property and film-finance schemes. (With Graham Chapman QC.)

“He is a standout junior who will always go the extra mile”. Legal 500 2020, Fraud: Civil.

“A well-regarded junior offering expertise in civil fraud disputes involving allegations of deceit, bribery, forgery and the misappropriation of assets. He is experienced in the handling of frauds arising in the banking, insurance and commodities sectors.” Chambers & Partners 2020, Fraud: Civil

Michael has a very substantial civil fraud practice, with great breadth and depth of experience of fraud in the commercial arena.  Michael is ranked by the directories as a leading junior in the field of Civil Fraud. Michael is familiar with the demands of hard-fought fraud cases. The directories note that in his civil fraud work Michael “understands the demands placed on solicitors and works hard to dig through issues and find solutions.” He is also described as “Incredibly client-friendly” and “A great team player.”

Michael has consistently been instructed in major cases dealing with deceit/fraudulent misrepresentation, bribery, forgery, banking and trading frauds, commodities frauds, contentious company litigation, joint venture disputes, tax evasion, insurance fraud, misappropriation of trust assets and asset recovery claims.

Michael’s recent work as a sole advocate includes advising on a deceit claim concerning the purchase of shares, obtaining freezing injunctions in the Chancery Division in a case concerning the theft of millions of client monies from a firm’s accounts, and the successful strike out of a claim founded upon a forged instrument.

Work includes:

  • Appearing as sole advocate for a foreign liquidator in the Chancery Division in a transnational fraud case giving rise to claims under s.423 of the Insovlency Act 1986.
  • Sole counsel in a multi-jurisdictional fraud case appearing as sole advocate in numerous contested hearings in the Commercial Court obtaining worldwide freezing orders and final relief.
  • Acting for an international bank pursuing claims for dishonest and breach of directors duties arising out of the collapse of a trading house; includes acting as sole counsel in a hearing concerning permission to seek conservatory measures abroad under the Dadourian
  • VTB Commodities v JSC Antipinksy [2021] EWHC 1758 (Comm): jurisdiction dispute between Russian banks in a major fraud case. Led by Jonathan Gaisman QC.
  • PDVSA Servicios S.A. v Petrosaudi Oil Services (Venezuela) Limited [2020] EWHC 2819 (Ch), acting for successful defendant in injunctive proceedings concerning the 1MDB fraud and offshore oil drilling.  Acting for a finance company in a dispute against a sovereign state raising allegations of bribery and corruption.
  • Bilta v Natwest Markets Plc: the major carbon-credit trading litigation arising out of a major fraud in the market. Michael appeared at the 6-week trial in 2018 and in 2021 successfully appeared in the Court of Appeal overturning the judgment – [2021] EWCA Civ 680. Michael also appeared successfully in the contested privilege application – see [2017] EWHC 3535. Michael is instructed by Natwest as sole junior to John Wardell QC.
  • Several recent and ongoing arbitrations between Russian parties cases concerning allegations of dishonesty and misappropriation. Led by Jonathan Gaisman QC and David Allen QC.
  • Group Seven Ltd v Notable Services LLP [2019] EWCA Civ 614; [2017] EWHC 2466: A major international fraud case concerning the theft and laundering of €100 million. Michael appeared for a Swiss Bank, LLB Verwaltung AG, which the fraudster attempted to use to launder the proceeds of the fraud. At the 8-week trial in 2017 Michael was instructed as sole junior to Clive Freedman QC. At the 5-day appeal to the Court of Appeal in 2019, Michael appeared as sole junior to Sonia Tolaney QC and successfully overturned the trial Judge’s findings of fact, establishing that the Respondents to the appeal had dishonestly assisted in the money laundering scheme.
  • Instant Access Properties v Rosser: Michael successfully defended this 5 week trial – see [2018] EWHC 756. The claim for £35 million against company directors and their advisers brought by liquidators of the company alleging tax evasion and a dishonest conspiracy to defraud the company was dismissed.  The company was a major property investment concern which collapsed in the credit crunch and was responsible for the sales of hundreds of millions of pounds worth of property in the UK and internationally.  Michael appeared as the sole junior to Jamie Smith QC.
  • Re Fi Call; Apex Global Management v Global Torch: Michael acted for a Saudi Prince and BVI company Global Torch in this high-profile dispute over a telecommunications company encompassing allegations of fraud, forgery, breach of fiduciary duty and breach of directors’ duties. Michael appeared successfully at trial – see [2015] EWHC 3269 (Ch) – and appeared in the appeal to the Supreme Court [2014] 1 WLR 4495 and again in the Court of Appeal – [2017] EWCA Civ 315.  Michael was led by Justin Fenwick QC.  Orb v Ruhan: one of the largest recent fraud actions in the Commercial Court. Michael acted for the defendant led by Richard Waller QC.  The case concerned an alleged joint venture in respect of prime property sites in central London and involved serious allegations of fraud.  Complex asset recovery claims were launched involving the tracing of substantial sums through offshore structures.  Michael also acted in the related claim against Minardi Investments Limited for US$181 million which raised issues of dishonesty and fabrication of documents.  Michael appeared with Richard Waller QC in a very substantial hearing over four days to determine applications relating to freezing injunctions (see [2016] EWHC 850). The case settled prior to the start of trial, which was listed for 16 weeks.
  • A firm v X: acting as sole advocate for a major firm in Chancery Division proceedings in camera to obtain urgent freezing orders against an officer who had misappropriated millions in client funds.
  • Pennyfeathers Limited v Pennyfeathers Property Company Limited [2013] EWHC 3530 (Ch): trial of a claim against directors for diverting assets from the company in bad faith (led by Patrick Lawrence QC).
  • The case raised issues of breach of fiduciary duty, constructive trusts and lifting of the corporate veil.Successfully obtained orders that a significant property be held on trust.
  • X Ltd v Y Ltd: A cross-border trading fraud involving parties in the United States, Europe, Hong Kong, Dubai and China. Mareva orders were obtained in the courts of Hong Kong to freeze the assets of the fraudsters.  Michael appeared for the successful claimants in an arbitration to recover sums in excess of US$40 million. (Led by Rebecca Sabben-Clare QC.)
  • Iranian Sanctions: a cheque fraud arising out of schemes for importing commodities into Iran. The case involves the sanctions regime in place against Iran. The sums in issue exceeded US$30 million.  BMW Finance v Various: representing BMW Finance in claims concerning attempts to defraud by a commercial hire company under various hire purchase agreements.
  • Instructed as sole counsel in a multi-party dispute in the Chancery Division concerning fraud by way of forged bank guarantees. The case raised allegations of fraudulent misrepresentation, dishonest assistance, knowing receipt and tortious conspiracy to defraud.

Michael is ranked as a leading junior in the field of insurance and reinsurance. He is described as “very personable and extremely bright” and noted as being “Incredibly user friendly, turns things around quickly, great written work, and very good to deal with.”

Michael undertakes a range of insurance and reinsurance work, including advice on coverage and construction of policies.  He recently acted in the largest insurance claim ever presented in the Commercial Court (see further below).  He accepts instructions in both Marine and Non-Marine cases and has experience of property insurance, liability insurance and construction policies.

In line with his Commercial Fraud practice, Michael has experience of fraud in the insurance sphere.  He has frequently been instructed by insurers to defend insureds who face fraudulent claims.  Michael also has experience in advising insurers on declinature of dishonest claims and claims arising out of dishonest circumstances.

Work includes:

  • Senior junior for the war risks underwriters in the Russian aviation test case arising out of the non-return of hundreds of aircraft out of Russian following the Russian invasion of Ukraine (c.US$5 billion in dispute).
  • Acting in Covid related business interruption claims including as sole advocate in the test case concerning “at the premises” issues and as senior junior in arbitrations concerning aggregation issues arising under major insurance and reinsurance policies.
  • Acting for underwriters in a coverage dispute under D&O policies arising out of the collapse of a major financial investment fund.
  • Appearing in arbitration for underwriters in a dispute as to whether policies were blocked due to US sanctions.
  • Acting for Lloyd’s underwriters in a claim for €84 million by a Bank under trade credit policy.
  • Acting for the liquidators of a publicly listed company in a dispute with underwriters concerning directors and officers policies valued at £90 million.
  • Single Buoy Moorings Inc v Aspen – a US$1 billion Commercial Court action concerning insurance of an offshore oil platform in the North Sea. The action settled shortly before trial in 2018.
  • Advising in relation to coverage under D&O policies for frauds by the director of an offshore oil exploration company.
  • Instructed with Ben Hubble QC in a major coverage arbitration concerning cross-border property transactions.
  • Sentry Insurance v Clyde & Co: instructed to defend a Commercial Court claim arising out of transfers of re-insurance business under FSMA Part VII (led by Jonathan Hough QC).
  • Haden Taylor v Canopius [2014] JRC 221 (Royal Court, Jersey): a dispute concerning construction of policies and the extent of the obligation of the insurer to indemnify. The decision is one of the few reported decisions on Jersey Insurance Law.
  • A claim in the Commercial Court concerning the entitlement of an insured to recover under a liability insurance policy in circumstances where the events causing loss are alleged to have arisen from the insured’s attempts to defraud a government department. (Led by Justin Fenwick QC.)

Michael also has experience of claims against insurance brokers arising out of failures in placing insurance.

Michael is ranked as a leading junior in the field of professional negligence. The directories note that Michael has a “fast-growing reputation in the field. He advises on high-profile negligence issues across a

comprehensive array of professions including solicitors and auditors. He focuses on claims with an element of fraud and those arising out of commercial transactions.” He is described as “A very hard-working and bright junior with a strong eye for detail.” “Definitely going places, he is going to be a star one day.”

Michael acts in claims across the range of professions including solicitors, financial advisors, auditors and accountants, insurance brokers, valuers, surveyors and engineers.  Michael’s practice has particular emphasis on claims arising out of commercial transactions and those with an element of fraud.

Work includes:

  • Defence of a major US law firm arising out of a cross-border transaction. Settled shortly before 5 week trial in 2022.
  • Group Seven Ltd v Notable Services LLP [2019] EWCA Civ 614; [2017] EWHC 2466: A major international fraud case concerning the theft and laundering of €100 million. Michael appeared for a Swiss Bank, LLB Verwaltung AG, which the fraudster attempted to use to launder the proceeds of the fraud. At the 8-week trial in 2017 Michael was instructed as sole junior to Clive Freedman QC. At the 5-day appeal to the Court of Appeal in 2019, Michael appeared as sole junior to Sonia Tolaney QC and successfully overturned the trial Judge’s findings of fact, establishing that the Respondents to the appeal had dishonestly assisted in the money laundering scheme.
  • Instant Access Properties v Mishcon de Reya [2018] EWHC 756 (Ch): successfully defending at trial a £34 million claim brought by liquidators of a collapsed group of companies against a law firm alleging dishonest conspiracy to defraud both creditors and HM Revenue and Customs through the fraudulent evasion of tax using offshore vehicles and professional negligence. Michael Ryan was led by Jamie Smith QC.
  • Cattles Ltd v PriceWaterhouseCoopers LLP: part of the defendant counsel team in one of the largest auditors negligence claim to date – claim for damages of £1.7bn arising out of the collapse of Cattles and Welcome Finance after the financial crash.
  • Commodities Research Unit International v King and Wood Mallesons LLP [2016] EWHC 727 (QB):claim for £2.2 million against leading city firm King & Wood Mallesons LLP (formerly SJ Berwin). Michael acted for the claimants with Nicholas Davidson QC.  The case concerned the advice received by an international company on the termination of its CEO’s employment.
  • Petrocapital v Morrison & Foerester [2013] EWHC 2682 (Ch): trial in the Chancery Division concerning a claim against solicitors in relation to convertible loan notes and irrevocable undertakings (led by Justin Fenwick QC).
  • Igloo v Powell Williams Partnership [2013] EWHC 1718 (TCC), appearing as sole junior to Anneliese Day QC in a two-week trial in the TCC concerning allegations against surveyors and engineers. Successfully defended the claim and obtained an order for indemnity costs.
  • ACB Ltd v White & Co: Michael represented the claimants in their claim against their former accountants and financial advisers over advice on financial products, including film finance schemes.  Michael was led by Graham Chapman QC.
  • Ighalo v Fasken Martineau LLP: Michael acted as sole advocate in the defence of a claim in breach of trust and breach of undertakings in respect of a major property transaction valued in excess of £1 million.  The claim was successfully struck out in 2017.
  • Defending a city firm against a claim arising out of conduct of criminal and civil proceedings by the Serious Fraud Office and the Ministry of Justice against a former client.
  • Acting as sole advocate for two major insurers in a claim for £1.5m against a major national firm of surveyors and valuers arising out of the sale of two developments just prior to the financial crash.

Michael has extensive experience of interim relief, including freezing orders (wordwide and domestic), proprietary injunctions and other mandatory orders, Norwich Pharmacal relief and Bankers Trust orders.

Experience includes:

  • VTB Commodities v ANPZ: Instructed by the commodities department of an international bank in relation to a world-wide freezing order in the sum of €225 million. This included the decision reported at [2020] 1 W.L.R. 1227, an important decision of the commercial court in relation to worldwide freezing relief in the context of arbitral disputes. The WFO was continued in favour of Michael’s client, dismissing the other side’s arguments on material non-disclosure.
  • Orb v Ruhan: instructed in relation to a worldwide freezing order in the sum of £67 million against various parties accused of dishonestly misappropriating investment funds. Arguments on fortification of undertakings, discharge of WFOs by provision of security, granting of unless order relief in order to secure compliance, and application of the equitable doctrine of “unclean hands” in context of WFO relief. Includes the decision of the Commercial Court at [2016] EWHC 850 (Comm), often cited in WFO applications.
  • Sports Direct v Rangers Football Club: acting for a football club in relation to prohibitory injunctions concerning the manufacture and sale of replica kit.
  • Instructed by a bank in relation to a WFO to argue: (i) committal for contempt for breach of disclosure orders made in the WFO; (ii) removal of the legal expenses exception for breach of the WFO; (iii) variation of disclosure requirements under the WFO.
  • Instructed by a Saudi Prince and his corporate vehicle to obtain WFO relief against a fraudulent director of a joint venture company – c. US$500 million in dispute.
  • Instructed by an oil company to resist injunction applications by the Venezuelan state to freeze £330 million held in London bank accounts said to be the proceeds of the 1MDB fraud.
  • Instructed in relation to post-judgment WFO relief against an investment house found to have acted with lack of probity in relation to various investments.

Michael is ranked as a leading junior for Energy disputes. He is noted to be “very bright and yet also very approachable” and “very adept at getting to grips with complex matters”.

Michael has experience of high-value international disputes concerning energy projects, natural resources and commodities, including offshore oil exploitation and trade finance disputes.

Recent work includes:

  • PDVSA Servicios S.A. v Petrosaudi Oil Services (Venezuela) Limited [2020] EWHC 2819 (Ch), acting for successful defendant in injunctive proceedings concerning the proceeds of offshore oil drilling in Venezuela and the 1MDB fraud.
  • Apache North Sea Ltd v INEOS FPS Ltd [2020] EWHC 2081 (Comm): successfully appeared at trial for the Claimant in a dispute over rights to use a North Sea oil pipeline; worth over £120 million.
  • OW Bunker and ING Bank v Various: instructed by OW Bunker and ING Bank in several arbitrations to recover sums due under contracts for the sale of oil following the collapse of the OW Group.
  • Single Buoy Moorings Inc v Aspen: instructed to appear at the 13-week trial of a US$1 billion Commercial
  • Court action concerning offshore oil extraction in the North Sea. (Settled shortly before trial in 2018.)  Successfully appeared in LCIA arbitration for the claimants in a USD 47 million claim in respect of trade finance contracts concerning iron ore production in the USA and Asia.
  • Instructed to act in LCIA arbitration concerning a USD 85 million claim in respect of trade finance in respect of tobacco production in Eastern Europe and Asia.
  • Acted in several arbitrations concerning sale contracts in respect of various commodities affected by Iranian sanctions.
  • Acted for a Hong Kong Consultancy Firm in an arbitration against a multi-national mining/construction company arising out of alleged breach of services agreement in relation to the development of a power station in Africa.

Michael has a successful commercial practice and appears in many substantial matters in international arbitration. He is ranked as a leading junior in the fields of Commercial Dispute Resolution, Civil Fraud, Insurance and Professional Negligence. Many of his cases are heard by international arbitral tribunals and he has experience of LCIA, UNCITRAL, LMAA and ad hoc arbitrations. Michael also has substantial experiences of cases before the Courts on arbitration matters, including applications for worldwide freezing injunctions in support of arbitrations under section 44 Arbitration Act 1996 and Court challenges to arbitrations.

Recent work includes:

  • LCIA international arbitration worth £70 million between a Russian firm and a Luxembourg investment house concerning share purchase agreements for the acquisition of valuable property in Russia.  UNCITRAL arbitration concerning a RMB 100 million dispute over an investment between a major US bank and a Chinese firm. Arbitration seated in Hong Kong raising issues of Hong Kong and Chinese law.  Acting in an arbitration between Turkish and English parties concerning distribution agreements for electrical products.
  • Acting for a Russian Bank in a dispute with an oil refinery concerning agreements for the supply and distribution of petroleum products – LCIA arbitration and Commercial Court proceedings.
  • Successfully appeared in LCIA arbitration for the claimants in a USD 47 million claim in respect of trade finance contracts concerning iron ore production in the USA and Asia.
  • Instructed to act in LCIA arbitration concerning a USD 85 million claim in respect of trade finance in respect of tobacco production in Eastern Europe and Asia.
  • “Michael is all over the detail and very commercial.”

      Fraud: Civil, Chambers UK Bar 2024

  • “Michael is a strong junior who provides clear and concise advice.”

      Professional Negligence, Chambers UK Bar 2024

  • “He produces excellent cross examinations that are minutely prepared and strongly delivered.”

      Commercial Dispute Resolution, Chambers UK Bar 2024

  • ‘Michael holds his own as an advocate against experienced silks, has depth of legal knowledge, and very good analytical skills.’

     Commercial Litigation, Legal 500 2024

  • ‘Very experienced in fraud litigation, and combines a good legal brain with strong advocacy.‘

     Fraud: Civil, Legal 500 2024

  • ‘Michael is a good advocate who is excellent in his legal analysis, the case throwing up a number of complex legal issues.’

    Banking and Finance (Including Consumer Credit), Legal 500 2024

  • ‘Very experienced in fraud litigation despite still being relatively junior, Michael combines a good legal brain with strong advocacy.’

    Professional Negligence, Legal 500 2024

  • ‘Michael is incredibly bright and very approachable – a pleasure to work with.’

    Energy, Legal 500 2024

  • “He is a real up-and-coming star – he is good on his feet, excellent on paper and highly creative.” “A great advocate, who is calm in a crisis.” Chambers & Partners 2023
  • “Michael provides very thorough legal analysis.” “Michael is commercial and bright.” Chambers & Partners 2023
  • “Responsive, clever and a good team player.” “Got up to speed with the details of the case very quickly and provided excellent support and written work.” Chambers & Partners 2023
  • ‘Michael has excellent analytical skills and is great on paper.’ Legal 500 2022
  • ‘A star in the making – in conference with silks present, they will all listen to his views which are well considered and researched. He is an excellent advocate – he can outperform silks on the other side.’ Legal 500 2022
  • ‘Michael is knowledgeable, razor-sharp and an excellent junior in this field.’ Legal 500 2022
  • ‘Michael is a thorough and clever barrister, good on the law, and a strong advocate who outshines his opponents, including leading counsel.’ Legal 500 2022
  • ‘Michael is excellent in addressing complex, novel legal issues. His advocacy is also very strong.’ Legal 500 2022
  • “A hard-working barrister who really knows his stuff. He’s user-friendly and a delight to work with.” Chambers & Partners 2022
  • “He is bright, painstaking and a good advocate.” Chambers & Partners 2022
  • ‘Michael has an instinctive knack for getting the right answer with minimal effort, he just gets it. Really practical and commercial, and invariably the first port of contact on the case.’ Legal 500 2022
  • ‘Incredibly user friendly, turns things around quickly, great written work, and very good to deal with.’ Legal 500 2022
  • ‘Michael is responsive and pinpoints the potential issues in a claim in a clear and concise manner. Easy to work with.’ Legal 500 2022
  • ‘Very bright and yet also very approachable, Michael is very adept at getting to grips with complex procedural matters.’ Legal 500 2022
  • “He is absolutely brilliant: extremely hard-working, intelligent, calm, and has very strong tactical abilities.” “Very personable, easy to work with and extremely bright. Has really good attention to detail and provides good, accurate and concise drafting.” Chambers & Partners 2021
  • “A real intellectual force.” “He is knowledgeable, good to work with and extremely hard-working.” “He gives a good performance in court, is very good on paper and provides sensible advice.” Chambers & Partners 2021
  • “A pleasure to work with, he is very quick, commercially astute, and someone who goes the extra mile.” “He prepares cases beautifully and offers outstanding analysis.” Chambers & Partners 2021
  • “Michael can get up to speed very quickly and is a useful resource for day-to-day pre-trial issues.” “He is an excellent junior who is extremely intelligent and easy to work with.” Chambers Global 2021
  • ‘He is so easy to work with and really makes himself part of the solicitor team.’ Legal 500 2021
  • ‘Very bright, ambitious and focussed, his drafting is excellent and he will have a very successful career at the Bar.’ Legal 500 2021
  • ‘Does a very decent job – someone to look out for rising up the junior ranks.’ Legal 500 2021
  • ‘He is clever, articulate and hardworking. I had no hesitation in relying upon his work product.’ Legal 500 2021
  • “His drafting is precise and he is calm under pressure. He is able to give realistic, balanced advice. He gets the very best out of the case but also advises on its weaknesses.” Chambers & Partners 2020
  • “He understands the demands placed on solicitors and works hard to dig through issues and find solutions.” “Incredibly client-friendly.” “A great team player.” Chambers & Partners 2020
  • “Michael can get up to speed very quickly and is a useful resource for day-to-day pre-trial issues.” “He is an excellent junior who is extremely intelligent and easy to work with.” Chambers & Partners 2020
  • He is a standout junior who will always go the extra mile. Legal 500 2020
  • He is very personable and extremely bright. Legal 500 2020
  • He is bright and unflappable. Legal 500 2020
  • “A very hard-working and bright junior with a strong eye for detail.” “Definitely going places, he is going to be a star one day.” Chambers & Partners 2019
  • “A really good-value junior who is super bright, very practical and someone who is really nice to work with.” “A star junior of the future.” Chambers & Partners 2019
  • ‘He is very personable, extremely bright, and has excellent attention to detail.’ Legal 500 2018
  • “Very personable and extremely bright, with excellent attention to detail. His drafting is also accurate and concise.” “He has maturity beyond his years and grasps complex issues.” Chambers & Partners 2018
  • A team player, who is hardworking and delivers quality work under pressure. Legal 500 2017
  • “Michael Ryan is very approachable, and maintains a good knowledge of the case and the documents, even in complex matters.” Chambers & Partners 2017
  • “He shows excellent attention to detail.” Chambers & Partners 2017
  • A hardworking and efficient junior.  Legal 500 2016
  • COMBAR, Chancery Bar Association, Young Fraud Lawyer’s Association.

    • 2006-2010: Brasenose College, Oxford University:
      • BA (Oxon) Law, First Class Honours.
      • BCL, Distinction (Restitution, Conflict of Laws, Commercial Remedies, Advanced Property and Trusts).
    • 2010-2011: BPP Law School: BPTC, Outstanding.
    • 2010-2011: Lecturer in the Law of Trusts and Land Law, Trinity College and Christchurch College, Oxford.
    • 2011: Lecturer in Personal Property, Oxford Law Faculty.
    • Undergraduate Exhibition, Brasenose College.
    • Nicholas Scholarship for the BCL.
    • BCL and Finals Prizes, Brasenose College.
    • Baron Dr Ver Heyden de Lancey Prize for best performance in the BPTC in Middle Temple.
    • Middle Temple: Scholarship and Exhibition; Certificate of Honour.
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