Foreign Exchange FX

Recent experience of foreign exchange and currency related disputes includes

  • Target Forward Redemption contracts (TARFs) in Saudi Arabia – over US$400m loss – acting in relation to arbitration.
  • Marex Financial Ltd v Creative Finance Ltd [2013] EWHC 2155 (Comm) – US$850m carry trade position closed out – acted for defendant in dispute relating to sums recoverable on close out – profits made by broker on close out not recoverable.
  • Bank Leumi v Wachner [2011] EWHC 656 (Comm) acted for claimant in claim for sums owed under FX options trading.