Masseys’ lawyers have a successful track record of advising both banks and their corporate customers in a wide variety of banking and financial disputes. Our lawyers also have expertise in pursuing claims against banks and other financial institutions, in respect of which Masseys has been recognised by The Times as one of the “go-to outfits in the field” (The Times, 14 November 2007).
Our expertise encompasses acting in cases involving, and advising on, numerous banking instruments and facilities including: loan agreements; guarantees; performance bonds; bills of exchange; letters of credit; collection facilities; invoice discounting agreements; derivatives; bond/debt trades and various syndicated facilities. Our lawyers have been recognised by Chambers & Partners’ Guide to the English Legal Profession 2008 as “first rate in trade finance”.
Masseys’ lawyers have:
| • | acted in one of the leading decisions on bond/debt trading and the enforceability of oral trades / LMA terms: Bear Stearns Bank Plc -v- Forum Global Equity Ltd; | ||
| • | successfully acted for a major oil trading firm in a US$40million dispute involving a potential letter of credit fraud; | ||
| • | successfully acted for a large Swiss bank in enforcing its rights in various bills of lading pledged under two letters of credit; | ||
| • | advised a French bank in relation to resolving letters of credit issues involving a large steel company and its export programme; | ||
| • | successfully acted and obtained judgment for Shinhan Bank in the leading English case on collections facilities (Shinhan Bank Ltd -v- (1) Sea Containers Ltd and (2) Sea Containers Services Ltd); | ||
| • | successfully acted and obtained a judgment for over Euro 12million for DDD LLC and Zebra Technologies Europe Ltd in a claim arising out of various guarantees issued by Condor Insurance Ltd (DDD LLC & Zebra Technologies Europe Ltd -v- Condor Insurance Ltd); | ||
| • | successfully acted for various third parties in defending claims on performance bonds brought by Frans Maas (UK) Ltd against Habib Bank AG Zurich; | ||
| • | successfully acted in a leading English case on bills of exchange (First Discount Ltd -v- Cranston); | ||
| • | successfully defended various individuals in respect of claims brought by GMAC Commercial Credit Ltd arising out of various invoice discounting facilities; | ||
| • | successfully acted for OAO Atlantrybflot in over-turning on appeal a judgment given to Dumford Trading AG based on novel points of English guarantee law; and | ||
| • | successfully acted for P & P Designs Plc in bringing claims against Euro Sales Finance Ltd arising out of the latter’s alleged breach of an invoice discounting facility. |