3 Verulam Buildings

Peter Ratcliffe

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Practice Areas

Commercial Litigation, Insurance & Reinsurance, Commercial Fraud, Professional Negligence, International Arbitration, Banking & Financial Services and Media & Entertainment.


Peter specialises in complex and heavy commercial litigation and arbitration, often with cross-border elements. A former Chambers UK Bar ‘Commercial Junior of the Year’ (2016) and ‘Insurance Junior of the Year’ (2010, and runner-up in 2015), Peter is a leading junior at the Commercial Bar with enormous experience in both led and un-led cases. Examples include: FCA v Arch & Others (business interruption insurance test case – instructed by the FCA for the appeals to the Supreme Court); Avonwick v Azitio Holdings (a web of claims between prominent Ukrainian businessmen, one of the largest recent Commercial Court cases); LCIA arbitration of trade finance insurance disputes arising from Singapore/India commodities trades; RIFW v Amber (acting for the Welsh government in professional negligence claims arising from the management of a property/regeneration fund); LCIA arbitrations of large-scale D&O insurance claims arising from cross-border securities litigation; Terra Firma v Citigroup (representing Citi in its successful defence of Terra Firma/Guy Hands’ £2.4bn fraud claim relating to acquisition of EMI); NML v Argentina (acting for NML in multi-jurisdictional sovereign bond enforcement actions); Federal Mogul Asbestos PI trust v Federal Mogul (representing captive insurer in $500m insurance/reinsurance proceedings brought by Delaware PI trust); Orlen Lietuva v Aon (acting for Aon in PD/BI insurance broking disputes relating to Lithuanian oil refinery fire); Equitas v Walsham Bros (historical reinsurance accounting claims arising from run-off business).