As a dispute resolution lawyer, Philip Parish focuses in securities, investment banking and fund disputes and contentious regulatory matters. Philip has experience in all aspects of financial markets litigation. Philip regularly acts for investment banks, fund managers and other financial institutions in contentious matters. His experience covers all aspects of contentious regulatory matters such as internal investigations, representing financial institutions and their employees who are under investigation by regulators, and representing them in enforcement and disciplinary proceedings brought by the FCA, other regulatory, disciplinary and criminal authorities both in the UK and overseas.
Philip is also experienced in handling litigation and regulatory issues arising from the dealing, advisory and investment management activities of financial institutions in relation to securities, derivatives, structured products and other complex investment banking/capital markets activities. Philip has a detailed understanding of the products and markets involved and the issues which arise. These areas involve experience in all aspects of cross-border financial litigation, including conflicts of law issues, anti-suit injunctions, overseas enforcement and co-ordination of overseas counsel. Knowledge in procedural and tactical issues in respect of conduct of litigation and regulatory proceedings.
Philip has full rights of audience in the Civil Courts. Philip has for several years been identified as a leading practitioner in this field by publications such as Chambers and Legal 500.
Identified as a 'key adviser' for Banking Litigation and Contentious Regulatory. ' Sources report he has 'a thorough and detailed knowledge of the area. He has great ideas and great client skills, and he's a pleasure to work with.'
Identified as a leading individual for Banking Litigation and Contentious Regulatory. 'Clients comment: 'He really stands out and gives very robust advice. He has the technical knowledge and operates a smooth team.'
Areas of Focus
Acting for a leading pension provider defending an FCA enforcement action for breaches of systems and controls and for failing to treat customers fairly.
Acting for a high frequency trader in relation to an FCA enforcement action for failing to make accurate transaction reports to the FCA.
Acting for a leading bank in relation to the investigation by UK and US regulators in FX market manipulation
Acting for a Russian bank defending an action based on the tort of conspiracy to injure arising from a bond restructuring.
Acting for a leading investment bank defending an action brought by investors in a securitisation alleging poor quality of origination of the underlying assets.
Acting for a UK bank defending claims based on LIBOR manipulation
Conduct of an internal investigation for a bank into the underlying causes of certain inadvertent breaches of international sanctions.
Acting for a UK bank defending a portfolio of cases relating to alleged mis-selling of interest rate hedging products.