With the recent intense public focus on the sector and increasing regulatory intervention in Financial Services, you need lawyers that understand how financial institutions operate. We work closely with many leading retail banks and financial institutions, as well as their insurers, to provide a full range of legal services from policy wordings through to claims strategy.

We are also experts in advising financial advisers, trustees, pensions administrators and trustees, hedge funds, private equity and venture capital firms and their insurers in defending a wide variety of claims, providing them with advice on coverage, strategic issues and the mitigation of future risks. Our profile in this area is demonstrated by the fact that we act for some of the largest national networks of financial advisers, mortgage and insurance intermediaries, sole practitioner IFAs, private banking arms of retail banks, wealth management business of investment banks, and leading life companies.

We are experienced in dealing with the whole spectrum of regulation including liaising with the Financial Ombudsmen Services, ASIC, APRA and Royal Commissions. Our team can also advise on matters involving international regulators, such as the SEC in the USA or the Financial Conduct Authority (FCA) in the UK through our Legalign Global alliance firms.

Our team has extensive experience of defending all of the major issues experienced by the financial services industry over recent times. This includes:

Misleading and deceptive conduct in a capital raising

Acting for RBS Morgans in a class action commenced against it, the directors of QRXPharma and QRXPharma’s lawyers, regarding alleged misleading and deceptive conduct with respect to capital raisings which raised in excess of $80 million. RBS Morgans was the lead manager and underwriter of the capital raising.

Coverage advice for primary PI insurer for one of the “big four” banks

Acting for one of the primary comprehensive professional indemnity insurers of one of the “big 4” banks in respect of a $300m+ claim for indemnity, involving a number of complex coverage issues across a number of policy years. Its resolution involves the insurance market working collectively.

Defence of declinatures for PI insurers of financial planning groups following the collapse of Astarra Strategic Fund

Acting for the primary and excess PI insurers of several financial planning groups across multiple years of litigation defending declinatures for hundreds of claims relating to the collapse of the Astarra Strategic Fund. The settlement of the declinatures involved a novel structure incorporating a deed of company arrangement to overcome the limitations imposed by section 6 of the Law Reform (Miscellaneous Provisions) Act.

Early resolution for a New Zealand financial advisor

Representing a financial advisor in New Zealand against all aspects relating to advice on an endowment policy which did not perform as expected. The claim was resolved at an early stage