Banking & Finance

“A practice with a dazzling array of leading silks and juniors highly experienced in handling a wide variety of commercial litigation, but especially noted for their skill in the banking and finance sector." Chambers & Partners UK 2015. "they understand the importance of the counsel/barrister relationship and invest a lot of time in making sure it works." Chambers & Partners UK 2016, 2017. "3 Verulam Buildings is ‘undoubtedly the leading banking litigation set.’ ”

Legal 500 UK 2016

3VB is a premier banking and finance set.  Our members have been involved in some of the highest-value, highest-profile global disputes before the English courts.  Acting for and against banks, members of chambers at all levels are routinely instructed in the most significant banking disputes and inquiries of the day.  These include:-

  • The bank charges test case
  • Numerous disputes arising out of the collapse of Lehman Brothers and the Icelandic banks
  • Claims relating to alleged LIBOR and exchange rate manipulation
  • The interest rate hedging and PPI 'mis-selling' scandals
  • The Parliamentary Commission on Banking Standards

 

As a result of our work in these and many other disputes in the field, clients can rest assured that our barristers have expertise in all aspects of banking and finance business, ranging from the international capital markets to trade finance to consumer credit.  Members appear in both English and overseas courts and before arbitral tribunals worldwide.

Recent cases of note include the landmark Plevin v Paragon Finance Supreme Court appeal regarding the ‘unfair relationship’ provisions of the Consumer Credit Act, and the £1.4 billion claim against the RBS in relation to the bank’s 2008 rights issue.

In recognition of 3VB’s members’ pre-eminence in this area the 14th edition of Paget’s Law of Banking, the leading banking law textbook in the UK and in many other jurisdictions, was written and edited almost exclusively by members of chambers and published in 2014.

Banking & Finance