Stand-out success in Dispute Resolution - FT Innovative Lawyers 2010
Slaughter and May's Dispute Resolution group received three mentions in FT Innovative Lawyers 2010 report:
- Nationwide/Bank Charges: Co-winners - Ewan Brown and his team were co-winners for their work for Nationwide on the high-profile bank charges case. In a landmark ruling in November 2009, the Supreme Court held unanimously that banks’ unarranged overdraft charges were an important part of current account services which the banks provide to their customers and that the amount of those charges was not assessable for fairness. Following the Supreme Court judgment, the OFT discontinued its parallel investigation.
- Equitas Limited v R&Q Insurance Company (UK) Limited: Stand-out - Efstathios Michael and his team received a stand-out ranking for their successful representation of Equitas Limited (Equitas) in High Court proceedings against its reinsurer, R&Q Reinsurance Company (UK) Limited. This resulted in the unlocking of an estimated £1bn of trapped reinsurance claims arising from the Exxon Valdez oil spill in 1989 and the First Gulf War.
- HM Treasury/Northern Rock Judicial Review: Highly Commended - Elizabeth Barrett and her team were highly commended for their successful representation of HM Treasury in relation to the judicial review proceedings which followed the taking of Northern Rock into temporary public ownership in early 2008.
This case (which also won Dispute Resolution Team of the Year in the Legal Business Awards 2010) involved new, untested, legislation - the Banking (Special Provisions) Act 2008 and the subordinate legislation made under it - as well as issues of public and private law going to the heart of the UK’s financial system and the government’s response to the most severe financial crisis for 80 years.
Learn more about our Dispute Resolution practice.
View more of our recent awards.