News and Media

Mar 23, 2015 Republic of Djibouti, Gibson Dunn and Kroll severely criticised by High Court for campaign to crush innocent businessman False accusations, lies and erroneous claims made against Abdourahman Boreh misled the court as the judge declares them "egregious examples of reprehensible conduct". The English High Court today severely criticised the Republic of Djibouti, US law firm Gibson Dunn and Kroll investigators for misleading the court over a terrorism conviction in an improper campaign against prominent Djiboutian businessman Abdourahman Boreh and political rival of Djiboutian President Ismail Omar Guelleh.  In his ruling published today and available here, Justice Flaux stated that he ... Read More
Jul 30, 2015 Michael Potts named Lawyer of the Week in The Times Michael Potts, managing partner at Byrne and Partners, has been named Lawyer of the Week in The Times. Michael recently advised the former JP Morgan Chase trader, Bruno Iksil, who will not be pursued by the Financial Conduct Authority (FCA) over allegations of misconduct in relation to $6.2 billion (£4 billion) of trading losses. In the article Michael discusses the challenges of persuading the FCA and the regulatory decision committee that the media narrative surrounding Mr Iksil - the so-called "London Whale" - was wrong. The full article is available to subscribers ... Read More
Apr 30, 2015 Michael Potts comments in Times article on Navinder Sarao prosecution Michael Potts is quoted today in an article in The Times on the arrest of the alleged “Flash crash” day trader Navinder Sarao last week. Sarao is accused by US prosecutors of wire fraud, commodities manipulation and ‘spoofing’. The Times reports that the case has opened the eyes of many people to the world of high-frequency trading and the vulnerability of financial markets to technological manipulation.  Michael notes that, against a background of the Libor and Forex scandals the authorities have shifted their focus away from insider trading and are now much ... Read More
Jun 11, 2015 Michael Potts quoted in Bloomberg article on FCA ‘identification’ cases Michael Potts is quoted in a new Bloomberg article on the current wave of law suits brought by senior bankers who claim that that the Financial Conduct Authority (FCA) improperly identified them in bank penalty notices. The article notes that most recently Joerg Vogt, a former trading executive at Deutsche Bank AG, has sued the U.K. financial regulator for indirectly identifying him in its Libor settlement with the bank. The agency lost a landmark appeal on the issue last month when a judge found it failed to properly anonymize Achilles Macris, the former JPMorgan Chase & Co. ... Read More
Aug 4, 2015 Nicola Boulton quoted in CDR News article on Senior Managers and Certification Regime Nicola Boulton has been quoted today in an Commercial Dispute Resolution News article on the forthcoming Senior Managers and Certification Regime (SMR). The SMR comes into force in March 2016 and replaces the Financial Conduct Authority’s existing Approved Persons Regime which has been criticised for its failure to impose accountability on senior individuals at banks in the wake of the LIBOR market-rigging scandal. The article questions the efficacy of the SMR. One concern is that it could lead to a defensive culture within banks whereby overly cautious managers create a paper trail to ... Read More
Jun 17, 2015 LIBOR - what's the big deal? In a new article in welathadvisor magazine, Byrne and Partners' criminal/regulatory partner Sara Teasdale has explained the background to the LIBOR scandal and its impact for investors. Full article Part of those standards included the LIBOR predecessor, and in 1986 the BBA published the first LIBOR interest rate in three currencies: US dollar, Japanese yen and British sterling. In short, the LIBOR rate reflects the average rate that banks have to pay to borrow cash from rival banks, across a range of currencies and time periods. Fast forward 30 years and today ... Read More
Feb 25, 2014 Double boost to partner team at Byrne and Partners Experienced complex white collar crime and contentious regulatory specialist recruited String of successes rewarded by partner appointment for commercial litigation expert   18 February 2014, London; Byrne and Partners LLP, one of London’s top rated law firms specialising in complex financial fraud and commercial litigation, has boosted its partnership team this month.   The firm, which is frequently engaged on some of the biggest and most complex fraud cases involving the FCA, SFO and OFT, has recruited white collar crime and contentious regulatory specialist Sara ... Read More
Jun 11, 2013 June 2013 - Byrne and Partners successfully defend bookkeeper accused of film tax credit and tax fraud conspiracy. On 4 June 2013 a jury considering two counts of conspiracy (to defraud the Revenue and to evade tax) returned unanimously not guilty verdicts in respect of our client and two others so accused. They convicted a further defendant, the film producer, on the second count (VAT) and, the following day, acquitted this defendant of the alleged film tax credit fraud. Their single conviction was a somewhat Pyrrhic victory for HMRC and particularly their Film Tax Credit unit who, in the words of counsel, should hold their heads in shame about the way they treated our client throughout the investigation. ... Read More
May 16, 2013 Joanna Pacifico promoted to the partnership in the Criminal/Regulatory Fraud team We are delighted to announce that Joanna Pacifico has been promoted to the partnership in the Criminal/Regulatory Fraud team. Joanna was a founding lawyer of Byrne and Partners in 2003 and has over 15 years experience in defending serious and complex fraud investigations and proceedings brought by the SFO, FCA, Specialist Crimework Directorate, HMRC and OFT. We congratulate Joanna with this promotion and wish her all success as a partner in our Criminal/Regulatory Fraud Team. For more information please contact Michael Potts on 0207 842 1616. ... Read More