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Dr
Christopher Harris
Call
2002 Lincoln's Inn; LL.B. Law and French Law (Bris.);
LL.M. (Leiden), Ph.D. (St. Gallen); MCIArb
E-mail: charris@3vb.com |
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Introduction
Christopher
Harris specialises in commercial litigation and arbitration.
He is regularly instructed in complex commercial disputes and
many of his cases have an international or conflict of laws
dimension. Currently, Christopher is instructed in two separate
high-value ICSID arbitrations (for which he has been recognised
by the 2007 edition of the Legal 500), substantial Chancery
Division proceedings involving parallel actions in four other
jurisdictions and in a partnership dispute set for a 3-week
trial in the Chancery Division, amongst other matters.
Christopher speaks French and German fluently and has regularly
used both languages in his practice. In addition, during his
academic training Christopher studied both French and Swiss
law, and continues to work with lawyers from both jurisdictions.
Indeed, before coming to the bar, Christopher worked as a legal
advisor in a leading Zurich law firm, with a particular focus
on financial market transactions. He continues to be instructed
by the SWX Swiss Exchange on a number of matters.
In autumn 2007, Christopher undertook a Pegasus Scholarship
to the Cayman Islands where he worked with the law firm Appleby,
focusing in particular on a number of disputes relating to hedge
funds from both the fund and investor sides and arising in particular
from the insolvency of CDO funds. Christopher also spent some
time marshalling with the Chief Justice and the Justices of
the Court of Appeal of the Cayman Islands.
Christopher has been instructed as advocate before a range of
tribunals and all courts up to and including the Court of Appeal.
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Main
Practice Areas
Please
click on any of the headings below to be taken to the relevant
information.
Commercial Litigation, Arbitration and Mediation
In addition to appearing regularly both led and as sole advocate
in proceedings in the High Court and County Court, Christopher
has substantial experience of arbitration and mediation and
holds the qualification MCIArb. Christopher's work in this field,
and in particular in ICSID arbitrations, has been recognised
by the 2007 edition of the Legal 500. He is also a member of
ICC UK, YIAG and the Swiss Arbitration Association. Christopher's
commercial litigation practice encompasses telecommunications
and information technology disputes, as well as sale of goods
and other contractual claims.
Christopher's current or recent instructions include:
- Advising
a major foreign bank on the merits of bringing a claim in
England against persons domiciled in England in relation
to lending procured by fraudulent misrepresentation in Switzerland.
Led by Jeffrey Gruder Q.C.
- Advising
an Italian State corporation on the merits of bringing a
claim in relation to complex financial derivatives with
a notional value of several hundred million euros entered
into in excess of authority by a senior employee. Led by
Richard Salter Q.C.
- Acting
for the Defendant State in a long-running ICSID arbitration
due for hearing in October 2007. The issues include jurisdiction
of ICSID Centre under bilateral investment treaties where
the investment was part of a fraud, denial of justice, expropriation
and fair market value of an investment. Led by Ali Malek
Q.C.
- Christopher is also acting for the Defendant State in another
substantial ICSID arbitration which is based on the Energy
Charter Treaty and relates to the alleged confiscation of
an oil exploration concession in the Caspian Sea. Led by
Ali Malek Q.C.
- Acting
unled for the Sixth Defendant in significant Chancery Division
litigation relating to share transfers and the flotation
of an international steel company. Five-week trial beginning
in late January 2008.
- Acting
unled in a significant ICC arbitration relating to the supply
of defence equipment.
- Acting
for the Defendant in an ad hoc arbitration under the Arbitration
Act 1996 in relation to the sale of a yacht.
For
a CV specific to Christopher's commercial litigation practice
please click here, and for
his arbitration practice please click
here
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Banking
Christopher frequently acts on behalf of domestic and international
banks and building societies. Christopher's banking practice
encompasses the full range of banking disputes including trade
finance (letters of credit, demand bonds and related instruments),
derivatives and structured financial products, corporate and
personal lending and guarantees. In addition, Christopher is
Assistant Editor of the Encyclopaedia of Banking Law (Butterworths,
looseleaf). Christopher has also written a chapter on the insolvency
aspects of guarantees in a forthcoming book.
Christopher regularly gives advice to banks in relation to the
above matters, as well as appearing in both the County Courts
and the High Court as advocate in such matters.
Christopher's current or recent instructions include:
- Advising
a major foreign bank on the merits of bringing a claim in
England against persons domiciled in England in relation
to lending procured by fraudulent misrepresentation in Switzerland.
Led by Jeffrey Gruder Q.C.
- Advising
an Italian State corporation on the merits of bringing a
claim in relation to complex financial derivatives with
a notional value of several hundred million euros entered
into in excess of authority by a senior employee. Led by
Richard Salter Q.C.
- Advising
a fund management company on issues related to its conversion
to an FSA approved bank and, in particular, the Client Money
Rules;
- Acting
for a clearing bank in defending a cheque case on the grounds
of illegality of the underlying transaction on the basis
of Barros Mattos;
- Regular
involvement in the litigation arising out of the OFT investigation
into bank charges;
- Regular
instructions for a major clearing bank in claims relating
to sales financing agreements;
- Acting
in a range of unusual mortgage possession cases, specific
examples of which can be found on the more detailed CV available
at the link below.
For
a CV specific to this area of Christopher's practice, please
click here
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Company,
Insolvency and Restructuring
Christopher's company law, insolvency and restructuring practice
encompasses a wide range of disputes from advising on corporate
restructurings to acting in s.459 petition cases. He has experience
of both corporate and personal insolvency proceedings. Christopher
regularly appears in the High Court as advocate in such matters.
Christopher's current or recent instructions include:
- Advising
an investor in a collapsed hedge fund on its rights. Issues
include the status of the offering memorandum, the status
of the investor as shareholder or creditor, whether effective
redemption has taken place, whether payment of the redemption
proceeds can be made in specie or not and how the position
is altered by the funds voluntary liquidation.
- Advising
on the restructuring of a very large multinational corporation,
involving consideration of syndicated lending, the insolvency
of certain subsidiaries and the position of senior and mezzanine
debt holders.
- Acting
for the petitioner in a s. 459 petition in which the principal
issues are the treatment of certain assets in the company
accounts directors' transaction and dilution.
- Advising
a listed company on whitewash procedures relating to a complex
structure put in place when it was acquired by another company;
- In
2005, Christopher and Wiliam Blair QC were commissioned
by The Times to write a piece on the Spectrum decision of
the House of Lords and its implications.
For
a CV specific to this area of Christopher's practice, please
click here
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Financial
Services
Christopher's financial services practice encompasses both
advisory and contentious matters. Christopher regularly advises
national and international banks, financial services firms
and insurers on matters arising out of the FSMA, pre-FSMA
and FOS regimes. He has frequently been instructed in conjunction
with Michael Blair QC on large matters.
Christopher is a regular member of the Financial Market Law
Committee's working groups on, amongst others, the Hague Securities
Convention and the proposed Rome I Regulation. In 2006, Christopher
was instructed to assist the FSA with the implementation of
the Capital Requirements Directive. In addition, Christopher
has published several articles on financial services law,
which are identified below.
Christopher's current or recent instructions include:
- Advising
an individual on the merits of an action to recoup a large
amount of undisclosed commission received and retained by
his IFA without his knowledge;
- Advising
a large Swiss multinational on the implications of a third
party making a public offering of its securities within
the EU, with particular reference to the Market Abuse Directive
as implemented in the UK and France;
- Advising
a non-EU company whose shares are traded in London on its
obligations under UK on-market rules and potential developments
in relation to the implementation of the Transparency Directive;
- Advising
a company listed on the LSE in relation to its obligations
under financial markets and company law on purchasing a
valuable asset for substantial consideration;
-
Acting for two claimants in an action against their former
financial advisor and a large financial firm in relation
to the sale to them of an investment scam. The case involves
the use of the transitional provisions in the FOS scheme
to found jurisdiction in relation to matters occurring under
the old regime. It also relies upon the use of certain of
the pre-existing strict liability rules under the SIB and
PIA Rules, together with s.62 FSA 1986.
For
a CV specific to this area of Christopher's practice, please
click here
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Commercial Fraud
Christopher regularly acts for banks, companies and partnerships
affected by fraud. He has significant experience in a variety
of civil fraud cases, including cases involving a foreign jurisdiction,
and has been instructed both alone and as junior counsel in
substantial disputes. He is also experienced in obtaining, urgently
and without notice where necessary, freezing injunctions and
other interim relief against suspected fraudsters and in asset-tracing
claims.
Christopher's current or recent instructions include:
- Advising
a major foreign bank on the merits of bringing a claim in
England against persons domiciled in England in relation
to lending procured by fraudulent misrepresentation in Switzerland.
Led by Jeffrey Gruder Q.C.
- Advising
an Italian State corporation on the merits of bringing a
claim in relation to complex financial derivatives with
a notional value of several hundred million Euros entered
into in excess of authority and possibly fraudulently by
a senior employee. Led by Richard Salter Q.C.
- Acting
unled for a partner in relation to the dissolution of the
partnership where the final account revealed significant
fraudulent activities by another partner and members of
her family. Listed for a three-week trial in the Chancery
Division in early 2008. This matter has been ongoing since
2005 and has required Christopher to obtain a freezing injunction
amongst other interlocutory matters.
For
a CV specific to this area of Christopher's practice, please
click here
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Professional Negligence
Christopher's professional negligence practice encompasses disputes
concerning the liability of lawyers, accountants and brokers.
He was recently involved in a significant dispute between a
magic circle London law firm and its former client in relation
to a private equity transaction in Germany. Many of his cases
have a financial element.
Christopher's current or recent instructions include:
- Acting
for purchaser in a claim against surveyor and solicitor
involved in a property development transaction;
- Acting
for the claimant in a claim against a legal expenses insurer
for wrongful refusal to provide cover and consequential
losses;
- Acting
for an insured in relation to a claim against its broker
for negligent placement of the risk;
- Defending
a magic circle law firm in a claim arising out of a private-equity
corporate acquisition in Germany. The case settled four
days into a three-week trial.
For
a CV specific to this area of Christopher's practice in this
area, please click here
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Insurance
and Reinsurance
Christopher's insurance and reinsurance practice encompasses
a wide range of disputes: acting for or against insureds, insurers,
reinsurers and retrocessionaires, brokers and coverholders.
Christopher has particular experience of the Lloyd's insurance
market having completed an internship there where he sat with
a variety of underwriters including yacht, marine, specie, energy
and property. He also spent time with a leading brokerage firm,
observing the preparation of proposals and the attempts to place
them, and with the in-house legal department of the largest
Lloyd's managing agency.
Christopher's current or recent instructions include:
- Acting
for the victim of a large fire in relation to a dispute
with an insurer as to coverage and with a broker as to the
original placing of the risk;
- Acting
for an insured in a claim against its broker for negligent
placement;
- Acting
for a broker in relation to the Equitas litigation.
For
a CV specific to this area of Christopher's practice, please
click here
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Lectures
and Publications
In
addition to his continuing role as an assistant editor of the
Encyclopaedia of Banking Law (Butterworths, looseleaf), Christopher
publishes regularly in his areas of interest and is frequently
asked to speak at conferences and to give seminars to clients.
Christopher's principal publications and lectures to date are:
- The
Scope of Privilege in Investment Treaty Arbitration (Forthcoming)
- Banishing
the Ghost of Primacom: The New Hague Convention on Jurisdiction
Agreements (Forthcoming)
- Directors'
Duties and the Company Law Reform Bill;
- Expert
Witnesses in International Arbitration: what rules? (Forthcoming);
- Insolvency
Aspects of Guarantees, in "The Modern Law of Guarantee"
(R. Salter Q.C. Ed.) forthcoming;
- Piercing
the Corporate Veil: Fact or Fiction?
- Implementation
of the Financial Services Action Plan: The Current Position,
in "Aktuelle Rechtsprobleme des Finanz- und Börsenplatzes
Schweiz" 13 (2005) 145;
- Recent
Developments in EU Financial Markets Law (3VB Newsletter
2006);
-
"Short
but sweet - 25 years and a verdict on book debts", The
Times, 19 July 2005;
- Host State - Home State - Superstate, in "Wirtschaftsrecht
zu Beginn des 21. Jahrhunderts, Festschrift für Peter
Nobel zum 60. Geburtstag" (Stämpfli, 2005);
- Informing
Offeree Shareholders: A Comparative Analysis of the Circular
Issued by the Offeree Board of Directors in Response to
a Hostile Takeover Offer in England and Switzerland (Doctoral
Thesis, 2005);
- Floating
Charge Holders and Liquidators' Costs after Buchler v. Talbot
(2004) ;
- Opting-up:
A Practical Solution to the EU Mandatory Bid Rule? (2004)
;
- Directors'
Fiduciary Duties - Solicitors Beware (2004) ;
- Member
of COMBAR working party on electronic disclosure;
- Chapter
6 "European Union Financial Services Law", in:
Swiss Finance Law and International Standards (P. Nobel,
Kluwer 2002).
Awards
and Scholarships
- Hardwicke
Scholarship, Lincoln's Inn (2002)
- Thomas
More Scholarship, Lincoln's Inn (2002)
- Megarry
Scholarship, Lincoln's Inn (2003)
- Pegasus
Scholar to the Cayman Islands, Inner Temple (2007)
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