Alex Sciannaca has extensive experience of litigating complex and high value commercial disputes on a wide range of issues. As a Partner in our Financial Services Litigation team, he has advised major financial institutions and high net-worth individuals in proceedings in the UK and abroad, both as claimant and defendant. He has particular experience of shareholder disputes, fraud, asset-tracing and recovery, and mis-selling claims and is known for his intelligent and practical application of the law to solve his clients' problems and help achieve their goals. Alex has a comprehensive knowledge of the interlocutory weapons available to the English courts, in particular freezing injunctions, search orders and third party disclosure orders.
He has an in-depth understanding of disputes arising out of the CIS, particularly Russia and Ukraine, and has developed a network of contacts in offshore jurisdictions such as Cyprus, BVI and Cayman to assist with the cross-border elements that are typical of those claims. Most notably, Alex advised BTA Bank of Kazakhstan in relation to its ground-breaking and successful US$6bn claims against its rogue former chairman, Mukhtar Ablyazov, which most recently resulted in a hard-fought victory in the Supreme Court regarding the scope of the English freezing order regime.
Alex also advises banks and other financial institutions in relation to their contentious regulatory matters and consumer claims. He has many years of experience in dealing with disputes arising out of the financial markets and has a deep understanding of the challenges that currently face his clients' businesses.
Named as a key adviser in the Banking Litigation: Investment and Retail area
Litigation Team of the Year
Representing a Russian energy group in relation to a complex shareholder dispute involving assets in Ukraine and Russia.
Acting for BTA Bank in relation to a U.S.$6bn fraud claim against its former chairman, Mukhtar Ablyazov, and his associates.
Acting for an international commodities trading house in relation to a loan default and subsequent enforcement in multiple jurisdictions including Brazil and the Cayman Islands.
Advising a major bank in relation to a review of its submissions to various financial benchmarks.
Acting for a European media company in relation to a joint venture dispute.
Advising a major bank in relation to a claim for mis-selling of an interest rate swap and related loan facility.
Advising a major international bank on potential regulatory and mis-selling issues in relation to the sale of Lehman-backed structured products.
Acting for a life assurance company in relation to a claim against its Manager for negligent calculations made in connection with its with-profits fund.
Acting on a claim against professional advisers for losses arising out of negligent advice given regarding changes to the status of its pension fund.
Litigation Team of the Year
The Lawyer Awards