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Stephen Paget-Brown

Friday, 22 September 2017
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Stephen Paget-Brown

Head of Dispute Resolution
stephen.paget-brown@traverssmith.com
+44 (0)20 7295 3223
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Stephen is a dispute resolution lawyer with broad international and domestic commercial litigation experience. Stephen is head of our Dispute Resolution Department.

In the last eight years or so, post "credit crunch", most of Stephen's cases have been in the banking and financial services sectors. Stephen also has extensive experience of insurance disputes, fraud cases and professional negligence claims. As well as straight court cases Stephen has experience of mediations and arbitrations (LCIA, ICC and ad hoc) and he has project-managed several complex cross border disputes, often involving litigation overseas. Many of Stephen´s clients operate internationally. 

As well as heading the teams on many heavyweight commercial litigation cases Stephen co-heads the firm´s Regulatory Investigations Group.  He has represented senior executives, corporations and financial institutions in connection with a large number of FCA investigations and enforcement cases, and has experience of SEC and US Department of Justice investigations. He advises on money laundering and corruption cases and undertakes internal investigations for clients where something has gone wrong.

Stephen is ranked in Chambers UK, 2015, with interviewees saying that he has"excellent legal knowledge and [gives] very sound practical advice.",  that he is "as straight as an arrow and meticulous in his approach to matters." that clients say: "He is very robust, clear and forthright." and also that “He was very quick to identify what the issues were and the feedback I got from the clients was extremely impressive." He is also recommended in the Legal 500 2013 for financial services contentious work and also noted for his work in civil fraud, banking litigation and commercial litigation. 

Recent and current cases include:

  • advising the key witness in a £2 billion fraud trial involving a private equity house and a US investment bank

  • representing Kaupthing and Jóhannes Rúnar Jóhannsson in 2 Commercial court cases in which the Tchenguiz brothers are claiming damages of £3 billion for an alleged unlawful conspiracy to mislead the SFO

  • advising and representing various corporates in relation to warranty claims arising under sale and purchase agreements 

  • advising and representing various banks and corporates in relation to contentious aspects of international mergers and acquisitions activities

  • representing a UK bank in a complex arbitration against a number of insurers involving in excess of £50m  
  • representing Rosneft in freezing injunction proceedings brought by Yukos -Yukos Capital S.a.r.l v OJSC Rosneft Oil Company and others [2010] EWHC 784 (Comm)
  • representing Abbey National  Treasury Services  in its defence of a £22m claim by the FSCS
  • representing RBS in its defence of a complex £10m  fraudulent misrepresentation  claim asserted by an Austrian bank -  RZB -v- RBS[2010] EWHC 1392 (Comm)
  • representing a Mexican bank in obtaining a freezing order and seeking to enforce a £100m Italian judgment against a Cuban company's assets in the UK -  Banco Nacional De Comercio Exterior SNC v Empresa De Telecomunicaciones De Cuba SA, [2007] EWHC 2322 (Comm)
  • representing National Westminster Bank plc in successful multi-jurisdictional litigation against Rabobank, involving $220m, one of the largest and longest cases tried in England during 2006 - National Westminster Bank plc -v- Rabobank Nederland [2007] EWHC 1056 (Comm)
  • representing AIG in connection with its high profile disputes with the Starr underwriting agencies in London
  • representing the Republic of Argentina in cases in the Commercial Court, the Court of Appeal and the House of Lords, each involving claims of several $100m being asserted by US 'vulture funds' - NML v Republic of Argentina [2009] EWHC 110 (Comm), [2011] 2 AC 495,[2011] UKSC 31;

Stephen regularly presents talks and seminars to clients and at conferences on topics such as FCA enforcement, risk management and money laundering.   He writes for a number of legal publications, including most recently a 20,000-word article on FCA enforcement for the Compliance Officer Bulletin.

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