Barrister profile for UK Bar 2022
This individual is also ranked in:Global 2021
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Banking & Finance - London (Bar)
Rupert Allen is an impressive senior junior with significant expertise in banking and finance cases. His impressive client roster includes major international and domestic banks and financial institutions.
Strengths: "He is incredibly sharp and his drafting is superb." "He is very experienced, clever and hard-working."
Recent work: Acted for Deutsche Bank and Unicredit in two separate sets of Financial List proceedings against the Italian Region of Sicily. The proceedings concern the validity of interest rate swaps entered into by the Region with the banks in 2005 and 2006.
Professional Discipline - London (Bar)
Rupert Allen is a respected barrister who is frequently instructed by the SRA, often as sole counsel, in relation to contested interventions and complex judicial reviews. He is also experienced in acting for the FRC in disciplinary matters.
Strengths: "He's phenomenal, one of the best. He's always spot on, and provides great quality and excellent runaround times. He has flawless drafting skills."
Recent work: Acted for the SRA in proceedings against Ryan Beckwith concerning allegations of inappropriate sexual behaviour towards a junior associate.
Commercial Dispute Resolution - London (Bar)
Strengths: "Punches above his weight and is technically excellent."
Recent work: Successfully acted for BNY Mellon in two sets of proceedings brought against it by the National Bank of Kazakhstan relating to a long-running dispute concerning about USD23 billion of safe custody assets held by BNY Mellon at its London branch under a global custody agreement.
This content is provided by Rupert Allen
Rupert is regularly instructed in heavy and high-profile commercial and banking cases, both as part of a larger counsel team and as sole counsel. These cases often have an international dimension and raise complex jurisdiction and choice of law issues and difficult questions of English and foreign law.
His recent experience includes;
•acting for Dexia and Deutsche Bank in a number if different sets of English proceedings concerning the validity and enforceability of interest rate swaps entered into by Italian local authorities (including Dexia v Prato in the Court of Appeal and in 2021 the trial in the Financial List of Deutsche Bank’s claims against the Comune di Busto Arsizio);
•representing the Bank of New York Mellon SA/NV at one of the first fully remote Commercial Court trials in March 2020 in proceedings brought by the National Bank of Kazakhstan regarding its entitlement to US$22 billion of custody assets;
•defending Goldman Sachs International against a US$1.2 billion claim brought by the Libyan Investment Authority in relation to the sale of equity derivatives;
•important Court of Appeal decisions of considerable market significance on the correct interpretation of standard form ISDA documentation in Deutsche Bank v Netherlands (negative interest on cash collateral posted under the ISDA Credit Support Annex) and Deutsche Bank v Savona (the scope of the ISDA Master Agreement jurisdiction clause); and
•cases concerning alleged LIBOR misconduct by UK banks.
In addition to his commercial and banking practice, Rupert also has extensive experience in the fields of professional discipline and regulatory law (including, in particular, the law relating to solicitors, accountants, financial services and aviation).
His growing professional discipline and regulatory practice has seen him instructed by the SRA, the FRC, the FCA, the CAA and other regulators.
Recent disciplinary tribunal experience includes acting for the SRA in the high profile prosecutions of Mark Lewis and Ryan Beckwith in the Solicitors Disciplinary Tribunal and for the FRC in enforcement proceedings against KPMG in relation to its CASS audits of the Bank of New York Mellon.
Rupert has also appeared in a number of important judicial reviews including R (Lewin) v FRC (in relation to procedural rights of third parties to disciplinary proceedings) and R (Donegan) v FSCS (concerning claims for compensation arising out of the collapse of London Capital & Finance).
MA (Law), Gonville and Caius College, Cambridge (First Class, Top of Year); BCL, Merton College, Oxford (Distinction, Proxime Accessit to Vinerian Scholarship); BVC, Inns of Court School of Law (Outstanding).
COMBAR, British Association of Sport and Law.
This individual is also ranked in:Global 2021