BARRISTER PROFILE

3 Verulam Buildings

Peter de Verneuil Smith

London, UK UK Bar Guide 2021 Ranked in 4 departments
Ranked in : Banking & Finance , Chancery: Commercial , Fraud: Civil , Commercial Dispute Resolution
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Barrister profile for UK Bar 2021

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UK Bar 2021
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Global 2021

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UK Bar
Banking & Finance - London (Bar)

Band 4

Content
Peter de Verneuil Smith QC
Well-regarded silk whose strong commercial chancery practice and expertise in fraud has gained him a burgeoning reputation in finance cases. He is adept at handling large-scale shareholder disputes, cases around securitisations (such as disputes concerning the correct construction of swap terms), and matters regarding loans and guarantees.
Strengths:"Peter is very polished, tenacious and realistic in that he doesn't argue bad points of law." "He really stands out for his level of cool. He judges cases and identifies the key issues extremely well and articulates how those issues map onto the client's situation."
Recent work: Acted for the claimant in the case of Manning & Napier v Tesco. The matter involved a USD300 million claim for losses to Tesco shares held by American investment funds following the revelation in September 2015 that Tesco had engaged in improper accounting practices which inflated its profits.
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Chancery: Commercial - London (Bar)

Band 4

Content
Peter de Verneuil Smith QC
Strengths: "He is very clear in his advice." "A calm and authoritative advocate. He's very measured."
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Fraud: Civil - London (Bar)

Band 4

Content
Peter de Verneuil Smith QC
A skilled barrister whose mandate of commercial cases extends beyond the UK to such jurisdictions as Switzerland and the UAE. He acts for both claimants and defendants, and is noted for his expertise in obtaining and opposing injunction applications such as freezing orders.
Strengths: "He has a good advocacy manner - he is always clear and unruffled." "Exceptionally bright." "He is extremely thorough and has good commercial acumen."
Recent work: Acted for the claimant in DRFG v Shire Warwick Capital, a EUR4 million fraud case arising out of an investment in foreign exchange derivatives.
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Commercial Dispute Resolution - London (Bar)

Band 4

Content
Peter de Verneuil Smith QC
Strengths: "Very effective on his feet and very good with clients." "He has a good sense for what the judge wants to see in the evidence and is good at reading the court."
Recent work: Successfully defended Manning and Napier against a strike-out of its claims regarding losses to Tesco's shares following the revelation that the supermarket giant had engaged in improper accounting and inflated its profits.
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Barrister information

This content is provided by Peter de Verneuil Smith QC

Practice Areas

Peter practises in Banking & Finance, Chancery Commercial, Commercial Litigation, Civil Fraud, Financial Services, Arbitration, Professional Negligence and Offshore Litigation.

Career

Peter is well known for his excellent advocacy and client skills. He is frequently the lead advocate in large and complex litigation (including claimant and defendant GLOs) and arbitration and was the lead counsel in the $350 million claim under s.90A(FSMA) against Tesco which settled in 2020. Between 2016 - 2017 he acted in the RBS Rights Issue litigation. His practice spans pure banking disputes (including derivative, mis-selling, duties of care owed by a bank, and unjust enrichment) and banking related litigation such as shipbuilding finance, performance bonds and guarantees. He has appeared in major fraud cases (including Group Seven Ltd v Nasir, Tatneft v Bogolyubov and NML v Chapman Freeborn) and often seeks urgent injunctive relief to support domestic and foreign proceedings. His commercial work includes company disputes (unfair prejudice, derivative actions, breach of director duty) and breach of trust claims. He is regularly involved in financial services disputes including tax scheme litigation (the GlobalCure scheme), collective investment schemes and FSMA related claims. His cases frequently involve offshore centres and he has worked in Guernsey, the Cayman Islands, BVI, and Bermuda. His arbitration practice is a mix of energy, finance and project disputes with London, Paris, SIAC and DIFC seats.

Professional Memberships

Fellow of the Chartered Institute of Arbitrators.

Personal

Selwyn College Cambridge.

UK Bar

This individual is also ranked in:

Global 2021
Peter de Verneuil Smith

3 Verulam Buildings

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