Banking & Finance

7KBW is a leading set in the banking and financial services sector. We act for many of the largest retail and investment banks and financial institutions, in the UK and internationally, in high-profile, industry-relevant cases, as well as for directors and senior managers working in this sector. Our cases often involve reputational issues, as well as regulatory consequences.

Our financial services clients include hedge funds, pension funds, investment managers, independent financial advisers, a worldwide forfaiting company, and numerous insurers and reinsurers. Due to the large amount of shipping and commodities work done in Chambers, most of our members also have extensive experience in trade finance.

Previous clients include major UK retail banks like HSBC, Royal Bank of Scotland and National Westminster Bank, as well as banks like Northern Rock Asset Management (now Virgin Money) that were affected by the post-2008 global financial crisis.

Members of 7KBW were heavily involved in litigation arising out of the global financial crisis including advising the directors of RBS in the now-settled £4 billion rights issue litigation and acting in a £100 million claim relating to Standard Life’s £2 billion retail cash fund which lost 5% of its value in one day in 2009.

We also act for leading international banks such as Arab Bank, Citigroup, Pictet, Nomura and Bank of Tokyo (now part of MUFG Bank), both in the UK and in cases with an offshore or international dimension.

Members of 7KBW act in contractual disputes, including derivatives mis-selling, EURIBOR and LIBOR manipulation claims, as well as in cases where companies seek clarification of the law in discussions with their lenders. We have also acted in cases of particular interest to the factoring and invoice discounting industry.

We also act in broader litigation relating to the management and supervision of banks, including professional negligence claims, including those involving breaches of statutory duty and relevant financial services rules. Members have experience in cases in the Financial List and the Shorter and Faster Trials Schemes of the Business and Property Courts.