Banking Litigation

Enyo Law is able to act against any of the major financial institutions which other top City firms may be unable or unwilling to do.  

Our Experience

We have a wealth of experience and expertise acting for and against banks and other financial institutions in complex, often cross-border, disputes. Our case-load is varied and includes small to medium-sized disputes as well as high profile, big-ticket financial services litigation.  Given the firm’s “no conflicts” model, banking litigation is at the core of Enyo Law’s work and, in recent years, our expanding practice has seen the firm act in some of the most significant and anticipated banking and finance disputes in the City. 

Our service

We have extensive experience and specialist knowledge which enables us to understand the financial structures which are central to the disputes on which we are instructed.  Our experience enables us to understand our clients’ commercial concerns, and our legal advice and handing of disputes is tailored for each of our clients accordingly. 

Our clients and cases

Our clients include sovereign wealth funds, banks, hedge funds, private equity funds, and high net-worth individuals. We provide a high-quality service from inception to resolution of each dispute for each and every client whether domestic or international, claimant or defendant, individual or corporate.

The complexity and size of the cases that Enyo Law has worked on is demonstrated no better than by the separate claims in which we were instructed on behalf of the Libyan Investment Authority against: (1) Goldman Sachs International in the Chancery Division, and (2) the french bank, Société Générale and others in the Commercial Court. The combined value of the claims was more than $3 Billion.

Libyan Investment Authority v Goldman Sachs International [2014] EWHC 3364 (Ch) – The claim related to nine large long-dated complex financial derivative transactions which the LIA entered into with Goldman Sachs between January and April 2008 and which cost the LIA in excess of $1 billion.

Libyan Investment Authority v Société Générale & Ors – Enyo Law acted for the Libyan sovereign wealth fund, is taking on French giant SocGen over claims that the bank funnelled bribes in the tens of millions to associates of the son of former Libyan leader, Muammar Gaddafi, Saif Gaddafi in order to win deals.  The claim was valued at over $2.1 billion and was successfully settled in May 2017.

Other recent cases include:
  • Bank of Portugal v Goldman Sachs International - Enyo Law successfully intervened for a related third party in Court of Appeal proceedings. This intervention reversed the first instance decision on jurisdictional grounds, frustrating Goldman Sachs’ multi-million dollar action initiated in this jurisdiction.
  • London Bridge Holdings Limited v RBS Plc - Enyo Law was instructed on a £480m LIBOR fraud claim against RBS concerning its method and process of making submissions to the British Bankers Association for the setting of LIBOR.

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