John Corrie#1021

John Corrie

John is a partner in the firm’s award-winning Banking Litigation practice in the United Kingdom. Based in London, he specialises in banking and cross-border disputes.


John also offers insight into in-house legal operations, having been seconded to major banks both in the UK and abroad in recent years, where he worked on various high-profile national and cross-border contentious issues.


John advises banks on substantial pieces of litigation. He has worked extensively on a portfolio of High Court claims, defending a major UK bank from allegations of mis-selling interest rate hedging products. He has also advised on a series of large-scale banking disputes, and has recently been involved in a cross-border investigation for a major investment bank.


Having worked in our Moscow office, John also has experience of Russian and offshore litigation – including working with a global bank’s Russian desk on the enforcement of security, and with another bank defending a multimillion-dollar claim in the Russian courts.


John is part of our team that ranked in the first tier in Legal 500 for banking litigation. The team has won several other awards in recent years, including the Financial News Financial Litigation Team of the Year in 2013 and 2015.


John’s experience includes:

  • advising a major UK bank on a portfolio of claims arising out of the sale of interest rate hedging products;
  • undertaking a secondment to a global investment bank, where he worked on a series of high-profile investigations and litigation; and
  • undertaking a secondment to a major UK retail bank, where he worked on a multi-jurisdictional investigation into alleged Libor manipulation.

Contributed to

1

No duty of care owed to customers in connection with FCA past business reviews
No duty of care owed to customers in connection with FCA past business reviews
Practice notes

Since 2015, the courts have grappled with the claimant argument that financial institutions owe duties of care in tort directly to their customers in connection with their conduct of the past business review of interest rate hedging product sales announced by the Financial Conduct Authority (FCA), then the Financial Services Authority (FSA) in 2012 (the Review). A number of contradictory High Court decisions followed. This Practice Note discusses the 2017 Court of Appeal decisions which clarified—in three conjoined appeals—that such claimants have little prospect of bringing such claims against the banks conducting that Review.

Practice Areas

Panel

  • Contributing Author

Qualified Year

  • 2005

Education

  • University of Glasgow LLB, Law (1st Class)
  • University of Cambridge LLM, Law

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