Signature has been very busy since launch, working on a range of trials, arbitration hearings and regulatory investigations. We can share some examples:
Signature Litigation has been instructed by the investment fund of Georgian billionaire Bidzina Ivanishvili and his family in a dispute against Credit Suisse for losses over mismanagement of his portfolio in Switzerland, which have led to criminal proceedings against the bank’s fund managers.
Signature Litigation has been instructed by Eurasian Natural Resources Corporation (ENRC) on several matters. These include a costs claim against alleged overcharging by Dechert LLP over a £16m legal bill – in January 2017, the High Court ruled that the dispute would proceed to a full costs hearing for the fees accrued -, and a civil claim being brought by the Serious Fraud Office regarding legally privileged material, relating to the SFO’s investigation into allegations of corruption and bribery. The latter has been recognised as one of The Lawyer’s top 20 cases of 2017.
Signature Litigation has been instructed by the RBoS Shareholders Action Group on behalf of 101 institutional clients and over 35,000 individual shareholders bringing claims against RBS over its 2008 rights issue following the disastrous acquisition of ABN Amro. This case has been recognised as one of The Lawyer’s top 20 cases of 2017.
Last year Signature worked on the BVI trial of a dispute spanning several jurisdictions and concerning an entitlement to $200 million in a $1 billion BVI private equity fund, which led to a successful appeal in both the Eastern Caribbean Court of Appeal and Privy Council.
Signature has also been representing individuals in some of the much publicised investigations and potential claims arising out of financial market activities by major banks.
In early 2013 Signature was instructed on a €200 million dispute arising out of the reorganisation of a Fund, and involving the defence of claims brought by various investors and creditors in conspiracy, fraud, breach of contract, breach of fiduciary duty under English and Luxembourg laws. The case was cited as another of The Lawyer’s top 20 cases of 2014.
In October 2012 Signature navigated its clients through ongoing litigation to a settlement of the remaining $2 billion dispute with Boris Berezovsky arising out of the litigation brought by him against Roman Abramovich, Vasily Anisimov and a range of other entities.
Shortly after launch Signature issued the $1.8 billion claim on behalf of the Family and Estate of the late Badri Patarkatsishvilli against Mr Anisimov and others in relation to rights and interests in the Russian metal conglomerate, Metalloinvest, and pursued the claims vigorously through to a six week trial in March 2014, with a settlement being achieved at the start of the trial. The case was listed as one of The Lawyer’s top 20 cases of 2014.
Also, following launch Signature brought two claims for Renaissance Capital against African Minerals Limited for unpaid investment banking fees relating to M&A and capital and debt raising transactions, which Signature pursued through to a four week trial in Spring 2015 resulting in a judgment in favour of Signature’s clients for over $40 million inclusive of interest and costs.