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Ian Wilson

Call 1995; MA (Cantab) LLM (Cantab)
E-mail: iwilson@3vb.com

I
an Wilson has a commercial litigation practice, specialising in banking and finance, commercial fraud, insolvency, professional negligence, and sale of goods, He has wide litigation experience both as a junior and as an advocate. Ian has been consistently listed as a leading junior in Banking in the Legal 500 since 2004. Chambers & Partners (2007) also list Ian as a leading junior in banking and finance, and describe him as "approachable", "good with clients", and "a technically excellent individual".

Main Practice Areas

  • Banking and Finance
  • Commercial Litigation
  • Commercial Fraud
  • Insolvency
  • Professional Negligence

    Practice

    Banking and Finance

    Wide ranging experience, having regularly acted in domestic and international disputes including all aspects of the taking and enforcement of credit and security.

    Author of the banking chapter in Bullen & Leake.

    Recent cases:

    • 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.

    • County NatWest v Barton [2002] 4 All ER 494. Setting aside a guarantee on the grounds of fraudulent misrepresentation. Led by Nicholas Elliott QC.

    • Pearce v. Lloyds TSB Bank [2001] EWCA Civ 1907. Court of Appeal; nature and extent of the defence of change of position in the context of a mistaken bank credit.
    Publications:
    • Author of the banking chapter, Bullen & Leake, Precedents and Pleadings (14th-16th editions)

    • Author of further Bullen & Leake chapters on bonds, bills of sale, and money lent; co-author of introductory chapter

    • Contributor to a new work on the law of guarantees, due to be published (chapters on release and discharge of the guarantee)

    • Encyclopaedia of Forms & Precedents (volume 4): author of chapters on bankers, bills of sale and bills of exchange

    • "The Taking of Security over Domestic Properties in the UK" [1999] JIBL 1
    Commercial Litigation and Commercial Fraud

    Considerable experience in a range of contractual and commercial disputes, including telecoms disputes and sale of goods disputes.

    Instructed in a series of substantial commercial fraud cases, involving tracing and asset recovery issues in multiple jurisdictions, injunctive relief and other interim remedies, and contempt of court and related applications.

    Recent cases:
    • Intrigue Shipping v Clarkson & ots (and the related proceedings in Fiona Trust & Holding Corp v Privalov & ots). Ongoing Commercial Court proceedings involving claims against shipping brokers and others for the recovery of commission payments. Led by Ali Malek QC. Instructed by CMS Cameron McKenna.

    • 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; summary judgment granted by David Richards J; ongoing committal proceedings and recovery applications. Led by Stephen Phillips QC. Instructed by Addleshaw Goddard.

    • 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). 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.
    Insolvency

    Regularly instructed by liquidators, administrators, trustees, receivers, as well as creditor groups, in relation to a range of insolvency matters. Particular experience in asset recovery actions in the insolvency context, including missing trader fraud, transactions at an undervalue and fraudulent transactions, and director's misfeasance.

    Recent cases:
    • UK Aid Ltd v Mitchell & ots [2007] EWHC 1052 (Ch) (above)

    • Re Highfield Distribution Ltd (2007). Acting for company liquidators in s.238 and s.212 proceedings against a company director involved in post-liquidation trading.

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

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

    • 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.
    Professional negligence

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

    Appointments

    • Pegasus Scholarship, 2001, working for 3 months at the Australian law firm, Mallesons Stephen Jacques, and at 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.

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