Year of call: 1995
E: iwilson@3vb.com

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Ian Wilson has a wide-ranging commercial litigation practice, specialising in banking and finance (including consumer credit issues), commercial fraud, insolvency, professional negligence, and energy disputes. He has very substantial litigation experience, and is frequently instructed as a case leader, particularly in trial work representing banks, financial institutions and insolvency practitioners. Ian is consistently listed as a leading junior in banking and finance in the Legal 500 and Chambers & Partners.


“He was certainly very good at really picking apart the particular things we had to address and deal with both from a factual and legal perspective.”

Chambers & Partners UK 2016

“Excellent on his feet and when drafting; he understands the key commercial issues.”

Legal 500 2017

Ian acts for banks and financial institutions on a very regular basis, and has extensive experience of commercial and retail banking, including guarantees and securities, investment management, and swaps and other structured financial products. He has particular experience in representing banks in mis-selling claims, fraud trials, payment protection insurance, “unfair relationship” claims, and multi-jurisdictional issues. He also has considerable experience in a broad range of financial disputes. He is consistently ranked in the legal directories (Chambers and Legal 500) as a leading junior in banking and finance. 

Ian acted in the Paragon Finance v Plevin litigation concerning PPI and section 140A of the Consumer Credit Act 1974, before Supreme Court, and is currently instructed in the large-scale claim against the financial industry by the Financial Services Compensation Scheme for recoupment of compensation paid to PPI customers.  

Current/recent instructions also include:

Acting for banks in various swaps/derivatives mis-selling claims.

Acting for financial institutions in defending PPI various "unfair relationship" allegations, and in dealing with the Financial Ombudsman Service and the Financial Conduct Authority.

Advising a major bank in relation to group claims arising out a fraudulent investment scheme.

Acting for various banks in large-scale mortgage fraud claims.

Advising a financial institution in relation to multiple claims arising out of an overseas asset sale agreement.

Ian is the author of the banking chapter and sub-editor of the banking and finance section in Bullen & Leake, and a co-author of the 14th edition of Paget's Law of Banking (chapters on Unauthorised Payments, Restitution, Proprietary Claims, and Tracing).

Notable cases include:

Chudley v Clydesdale Bank [2017] EWHC 2177 (Comm) – Commercial Court trial; acted for the bank as case leader in successfully defending a fraud claim against it by an investor in failed investment scheme.  Instructed by Addleshaw Goddard LLP.

Clydesdale Bank v Stoke Place Ltd [2017] EWHC 181 (Ch) – Acted for the bank in 3-week trial involving a successful fraud claim against a company director and former bank official involving allegations of deceit and conspiracy. Judgment obtained for £17m.  Instructed by Gateley LLP.

Finch v Lloyds TSB Bank plc [2017] BCLC 34 – successfully defended the first fixed interest rate loan mis-selling claim to come to trial in England. See also Finch v Lloyds [2016] EWHC 1077 (Ch)  (HHJ Bird) - application to adduce expert evidence successfully resisted. Instructed by TLT Solicitors.

Financial Services Compensation Scheme v FirstPlus Financial Group & others (2016 – ongoing) – acting for a lending group in a claim by the FSCS for recovery of compensation payments made to PPI customers.  Instructed by Harrison Clark Rickerbys.

Hobson v Clydsedale Bank (2016) – acted for the bank as case leader at a trial of structured product mis-selling claim; claim against the bank was withdrawn mid-trial.  Instructed by Addleshaw Goddard LLP.

Plevin v Paragon Finance [2014] UKSC 61 The leading case on payment protection insurance and section 140A of the Consumer Credit Act 1974. Led by Jonathan Crow QC in the Supreme Court. Instructed by Irwin Mitchell.

Bank of Scotland plc v Waugh [2014] EWHC 2117(Ch); & (No 2) [2014] EWHC 2835 (Ch); Extent to which the doctrine of estoppel may prevent a mortgagor contending that the mortgage has not been executed as a legal charge; power of the Court to order the mortgagor to re-execute the mortgage. Instructed by Shepherd and Wedderburn LLP.

USA v Abacha [2014] Lloyd’s Rep FC 392; [2014] EWHC 993 (Comm); Acting for Standard Bank plc in an application for injunctive relief in support of proceedings in the USA to recover funds misappropriated by former President of Nigeria, General Abacha. Instructed by MacFarlanes LLP.

Platform Funding v Pesimmon Homes (2014) – acting for a mortgage lender in a claim involving multiple properties that developers had wrongfully caused surveyors’ valuations to be inflated to procure lending above true values.  Instructed by Dentons UKMEA LLP.

Dunbar Assets plc v Dorcas Holdings Ltd [2013] EWCA Civ 864 Appeared before the Court of Appeal as advocate in a case considering the consequences of a procedural irregularity in the context of a claim for possession of a property standing as security for a £5m debt. Instructed by DLA Piper LLP.

WestLB v Nomura plc [2012] EWCA Civ 495; [2012] All ER (D) 116 (Apr) Calculation Agent found to have acted irrationally in attributing a nil value to the reference fund of $26 million redeemable Notes. Led by Jonathan Nash QC. Instructed by Macfarlanes LLP.

Rahman v HSBC Bank plc [2012] EWHC 11 (Ch); [2012] All ER (D) 131. Acted for HSBC in a two-week trial of a £15.5m claim for recovery of commercial loans involving issues under section 140A Consumer Credit Act 1974.  Instructed b DLA Piper LLP.

Swotbooks Ltd v Royal Bank of Scotland plc [2011] EWHC 2025 (QB). Issue of whether the documents presented under a UPC500 letter of credit were discrepant.

Black Horse v Speak [2010] EWHC 1866 (QB) Leading case on payment protection insurance, and related enforcement issues; raised issues under the Consumer Credit (Total Charge for Credit) Regulations 1980.

Spencer v Barclays Bank [2009] All ER (D) 61. Strike out of a claim by a company director and shareholder on "reflective loss" grounds.

Wilson v Barclays Bank (Lawtel, 14 Dec 07) Successfully defended a substantial damages claim arising out of an alleged failure to establish an electronic payment facility.

ST Microelectronics NV v. Condor [2006] 2 Lloyd's Rep 525 Acting for the beneficiary of a trade guarantee in a Commercial Court claim against the guarantor. Led by Stephen Phillips QC.

Paragon Finance plc v. Pender [2005] 1 WLR 3412 Court of Appeal test case on the effects of mortgage securitisation, discretionary interest rates and extortionate credit bargains. Led by Ali Malek QC.

Pickering v. Derby County Football Club Ltd (2005) Acted for the Co-operative Bank plc in proceedings relating to a guarantee  of football club's facilities. Led by Stephen Phillips QC.

Oyston v. Royal Bank of Scotland (2003) Instructed on behalf of the bank in a multi-million pound breach of mandate claim. Led by Andrew Sutcliffe QC.

Lloyds Bank v. Shorney [2002] 1 FLR 81; [2002] 1 FCR 673 Court of Appeal decision considering the extent of the duty of disclosure and the doctrine of material alteration in relation to a bank guarantee. Led by Christopher Pymont QC.

PT Bank Negara Indonesia v IBL Trading Ltd [2002] EWHC 2493 (QB) Recovery of assets subject to a proprietary claim by the bank.

Pearce v. Lloyds TSB Bank [2001] EWCA Civ 1907 Court of Appeal decision on the nature and extent of the defence of change of position in the context of a mistaken bank credit.

Ian has been involved in a series of large scale commercial fraud cases, including acting for the shipbrokers, Clarksons, in the Fiona Trust v Privalov litigation, which culminated in a six month trial in the commercial court. He has considerable expertise in fraud recovery actions, asset tracing, injunctive relief, contempt of court and multi-jurisdictional proceedings.

He recently has been involved in a substantial fraud claim by mortgage lenders against a property developer, a fraud trial by a bank against a company director who conspired to defraud the bank of £17m, and a fraud claIm against a bank alleged to have facilitated a large-scale investment scheme fraud. Ian also has very considerable experience in a broad range of contractual and commercial disputes.

Recent cases:

Chudley v Clydesdale Bank [2017] EWHC 2177 (Comm) – Commercial Court trial; acted for the bank as case leader in successfully defending a fraud claim against it by an investor in failed investment scheme.  Instructed by Addleshaw Goddard LLP.

​Clydesdale Bank v Stoke Place Ltd [2017] EWHC 181 (Ch) – Acted for the bank in 3-week trial involving a successful fraud claim against a company director and former bank official involving allegations of deceit and conspiracy. Judgment obtained for £17m.  Instructed by Gateley LLP.

Tempo & Maxima v Fortuna (2011-2014) Litigation in Cayman and the BVI concerning a $500m development in Vietnam; the case involved claims by minority shareholders for breach of a shareholders' agreement, and various company law claims as to the validity of key corporate resolutions. Led by Stephen Phillips QC and Richard Salter QC. Instructed by Maples & Calder in Cayman, and Watson, Farley & Williams in Hong Kong.

Fiona Trust & Holding Corp v Privalov & ots [2010] EWHC 3199; [2011] All ER (D) 73 (Andrew Smith J). [2010] EWHC 3199; [2011] All ER (D) 73 Very substantial Commercial Court proceedings involving conspiracy and fraud claims against shipping brokers and others for the recovery of commission payments. Ian acted for the UK's largest shipbrokers, Clarksons. Instructed by CMS Cameron McKenna in a nine month trial led by John Odgers QC.

Fiona Trust & Holding Corp v Privalov & ots [2011] EWHC 1312; [2011] All ER (D) 187. Supplemental judgment dealing with costs and other consequential issues, including ongoing contribution proceedings.

Fiona Trust & Holding Corp v Privalov & ots [2011] EWCA 1316. Permission to appeal granted on certain (limited) issues.

Re Highfield Distribution (2008-2014) High Court litigation against a former company director for misappropriation and wrongfully continuing to trade post-winding up. Acted successfully for the liquidators (Grant Thornton) in section 212 misfeasance proceeding, and in obtaining various enforcement orders.

Pipavav v Setaf (June 2009) Application to prevent allegedly fraudulent claim for payment under a refund guarantee. Led by Stephen Phillips QC. Instructed by Holman Fenwick & Willan.

UK Aid Ltd v Mitchell & ots [2007] EWHC 1052 (Ch). Acting for KPMG liquidators in claims against directors for misappropriation and diversion of company assets. Successfully obtained summary judgment (David Richards J). The case also involved asset tracing and freezing orders across multiple jurisdictions including Spain, Switzerland, Andorra, Gibraltar, the BVI and the Bahamas. Led by Stephen Phillips QC. Instructed by Addleshaw Goddard.

UK Aid Ltd v Mitchell & ots [2007] EWHC 1940 (Ch). Successfully obtained a committal order against one of the company's former directors.

HSBC v 5th Avenue Partners Ltd, Michael Brown & ots (2006) Acting for investors in a very substantial claim brought by HSBC in respect of the fraudulent misappropriation of the investors' funds. Led by Gregory Mitchell QC. Instructed by Goodman Derrick.

Cantrade Privatbank AG v Fortis Fund Services (Bahamas) Ltd (2004) (part of the Oracle Litigation). Acting for a Swiss bank in relation to proceedings in the Bahamas arising from the liquidation of the Oracle Fund. Led by Stephen Phillips QC and Robert Hildyard QC. Instructed by Holman Fenwick & Willan.

Ian has been involved in a series of large scale commercial litigation cases, including acting for the shipbrokers, Clarksons, in the Fiona Trust v Privalov litigation, which culminated in a six month trial in the commercial court. He has considerable expertise in fraud recovery actions, asset tracing, injunctive relief, contempt of court and multi-jurisdictional proceedings.

Most recently he has been involved in a substantial fraud claim by mortgage lenders against a property developer. Ian has very considerable experience in a broad range of contractual and commercial disputes.

Recent cases:

Chudley v Clydesdale Bank [2017] EWHC 2177 (Comm) – Commercial Court trial; acted for the bank as case leader in successfully defending a fraud claim against it by an investor in failed investment scheme.  Instructed by Addleshaw Goddard LLP.

Clydesdale Bank v Stoke Place Ltd [2017] EWHC 181 (Ch) – Acted for the bank in 3-week trial involving a successful fraud claim against a company director and former bank official involving allegations of deceit and conspiracy. Judgment obtained for £17m.  Instructed by Gateley LLP.

Tempo & Maxima v Fortuna (2011-2014) Litigation in Cayman and the BVI concerning a $500m development in Vietnam; the case involved claims by minority shareholders for breach of a shareholders' agreement, and various company law claims as to the validity of key corporate resolutions. Led by Stephen Phillips QC and Richard Salter QC. Instructed by Maples & Calder in Cayman, and Watson, Farley & Williams in Hong Kong.

Renpower Investments Ltd v Larkfleet Ltd [2013] EWHC 800 (QB) 2012-3) Commercial dispute in relation to a sale and purchase agreement involving the transfer of a solar farm subject to accreditation under the Feed-In-Tariff Regulations.

Fiona Trust & Holding Corp v Privalov & ots [2010] EWHC 3199; [2011] All ER (D) 73 (Andrew Smith J). [2010] EWHC 3199; [2011] All ER (D) 73 Very substantial Commercial Court proceedings involving conspiracy and fraud claims against shipping brokers and others for the recovery of commission payments. Ian acted for the UK's largest shipbrokers, Clarksons. Instructed by CMS Cameron McKenna in a nine month trial led by John Odgers QC.

Fiona Trust & Holding Corp v Privalov & ots [2011] EWHC 1312; [2011] All ER (D) 187. Supplemental judgment dealing with costs and other consequential issues, including ongoing contribution proceedings.

Fiona Trust & Holding Corp v Privalov & ots [2011] EWCA 1316. Permission to appeal granted on certain (limited) issues.

Re Highfield Distribution (2008-2014) High Court litigation against a former company director for misappropriation and wrongfully continuing to trade post-winding up. Acted successfully for the liquidators (Grant Thornton) in section 212 misfeasance proceeding, and in obtaining various enforcement orders.

Pipavav v Setaf (June 2009) Application to prevent allegedly fraudulent claim for payment under a refund guarantee. Led by Stephen Phillips QC. Instructed by Holman Fenwick & Willan.

UK Aid Ltd v Mitchell & ots [2007] EWHC 1052 (Ch). Acting for KPMG liquidators in claims against directors for misappropriation and diversion of company assets. Successfully obtained summary judgment (David Richards J). The case also involved asset tracing and freezing orders across multiple jurisdictions including Spain, Switzerland, Andorra, Gibraltar, the BVI and the Bahamas. Led by Stephen Phillips QC. Instructed by Addleshaw Goddard.

UK Aid Ltd v Mitchell & ots [2007] EWHC 1940 (Ch). Successfully obtained a committal order against one of the company's former directors.

HSBC v 5th Avenue Partners Ltd, Michael Brown & ots (2006) Acting for investors in a very substantial claim brought by HSBC in respect of the fraudulent misappropriation of the investors' funds. Led by Gregory Mitchell QC. Instructed by Goodman Derrick.

Cantrade Privatbank AG v Fortis Fund Services (Bahamas) Ltd (2004) (part of the Oracle Litigation). Acting for a Swiss bank in relation to proceedings in the Bahamas arising from the liquidation of the Oracle Fund. Led by Stephen Phillips QC and Robert Hildyard QC. Instructed by Holman Fenwick & Willan.

Experienced in various energy disputes, particularly in the context of alternative and renewable energy sources.

Recent cases and instructions include:

Renpower Investments Ltd v Larkfleet Ltd [2013] EWHC 800 (QB) Instructed on the appeal in litigation relating to a sale and purchase agreement involving the transfer of a solar farm subject to OFGEM accreditation under the Feed-In- Tarrifs (Specified Maximum Capacity and Functions) Order 2010.

Enviro Resolutions v Peterborough Renewable Energy Ltd (2012) Claim concerning the development of a "waste-to-energy" power plant.

Advising on a dispute arising out of a sale and purchase agreement concerning the acquisition of a company established for the purposes of obtaining OFGEM accreditation for renewable energy production.

Regularly instructed by liquidators, administrators, trustees, receivers, as well as creditor groups, in relation to a range of insolvency matters. Ian was recently instructed by liquidators in relation to claims against former company directors and others for wrongful trading, preferences, transactions at an undervalue, and misfeasance, as well as in relation to the failure of a complex tax avoidance scheme.

He has particular experience in asset recovery actions in the insolvency context, and in acting for successor practitioners in claims under insolvency bonds.

Current instructions include:

Acting for liquidators in a misfeasance/breach of fiduciary duty claim against a former administrator in relation to a pre-pack administration.

Acting for liquidators in a misfeasance/breach of duty claim against a former director in relation to an illegal dividend and insufficient provision for a statement of solvency.

Acting for liquidators in a claim against former office holder for fraudulent overcharging and misappropriation.

Recent cases:

Chudley v Clydesdale Bank [2017] EWHC 2177 (Comm) – Commercial Court trial; acted as case leader in successfully defending a fraud claim against it by an investor in the context of an investment scheme in liquidation.  Instructed by Addleshaw Goddard LLP.

Clydesdale Bank v Stoke Place Ltd (In Administration) [2017] EWHC 181 (Ch) – Acted in 3-week trial involving a successful fraud claim against a company director of a company in administration involving allegations of deceit and conspiracy. Judgment obtained for £17m.  Instructed by Gateley LLP.

Re FW Mason & Sons Ltd (sub nom Richardson v White) [2017] EWHC 1512 (Ch) – Acting for successor liquidators in a misfeasance claim against former liquidators alleged to have been deliberately overcharging the estate. Respondents consented to judgment.  Instructed by Enyo Law LLP.

Tempo & Maxima v Fortuna (2011-2014) Litigation in Cayman and the BVI concerning a $500m development in Vietnam; the case involved claims by minority shareholders for breach of a shareholders' agreement, and various company law claims as to the validity of key corporate resolutions. Led by Stephen Phillips QC and Richard Salter QC. Instructed by Maples & Calder in Cayman, and Watson, Farley & Williams in Hong Kong.

Re Highfield Distribution (2008-2014) High Court litigation against a former company director for misappropriation and wrongfully continuing to trade post-winding up. Acted successfully for the liquidators (Grant Thornton) in section 212 misfeasance proceeding, and in obtaining various enforcement orders.

Spencer v Barclays Bank [2009] All ER (D) 61. Strike out of a claim by a company director and shareholder on "reflective loss" grounds.

UK Aid Ltd v Mitchell & ots [2007] EWHC 1052 (Ch). Acting for KPMG liquidators in claims against directors for misappropriation and diversion of company assets. Successfully obtained summary judgment (David Richards J). The case also involved asset tracing and freezing orders across multiple jurisdictions including Spain, Switzerland, Andorra, Gibraltar, the BVI and the Bahamas. Led by Stephen Phillips QC. Instructed by Addleshaw Goddard.

Re Mawdley's [2007] EWHC 501 (Ch) Construction issues arising following the conclusion of a sale and purchase agreement.

Advising creditor groups in relation to the insolvency and administration of MG Rover Ltd in 2005.

Joiner v Robinson & ots [2002] EWHC 90 (Park J). Directors' personal liability for wrongful detention of goods, in the context of competing insolvency claims between former co-directors.

Joiner v Robinson & ots [2002] EWCA Civ 160 Court of Appeal decision, dealing with share valuation issues.

Regularly instructed in claims involving financial advisers (including issues of inappropriate portfolio selection and advice), valuers, solicitors (in particular in the context of mortgage and other financial transactions), and other professionals.

Recent instructions include acting for a bank in a claim by a mortgagor alleging negligent valuation and sale, and acting for solicitors in relation to allegations of mortgage fraud.

Recently instructed in a large-scale claim against solicitors involving allegations of breach of fiduciary duty, conflict of interest, and negligence in relation to the conduct of previous proceedings. Also instructed on a substantial claim against a property developer in relation to a large-scale mortgage fraud.

Co-author of the 14th edition of Paget on the Law of Banking (chapters on Unauthorised Payments, Restitution, Proprietary Claims, and Tracing).

Author of the banking chapter in Bullen & Leake, Precedents and Pleadings.

Author of further Bullen & Leake chapters on bonds, and sub-editor of the banking & financial services section, money lent; co-author of previous editions of the introductory chapter.

"Reclaiming funds following fraud"  Lexis @PSL Crime, 27 February 2015.

"Debt restructuring: putting the security at risk" [2012] JIBFL 334.

"The taking of security over domestic properties in the UK" [1999] JIBL 1.

Current committee member of the London Common Law & Commercial Bar Association.

Pegasus Scholarship, 2001 (Mallesons Stephen Jacques, and the Federal Court of Australia).

Visiting Lecturer in Law, King's College, London, 1994-5.

Middle Temple Diplock Scholarship, 1994.

James William Squire fund law scholarship, Cambridge University, 1990.

Manners Scholarship, Corpus Christi College, Cambridge, 1990 (awarded for academic achievement).

Ian is an accomplished pianist and organist (he plays the latter to a professional standard), and has diplomas from the Royal College of Music and the Royal College of Organists. He is a Governor of St Paul's Cathedral School. He is also a trustee of the St Andrew Holborn Charity and is involved in a number of other charitable organisations.