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Rhys Corbett

Rhys Corbett

Partner

London

T: +44 (0) 20 3400 3531

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Biography

Rhys Corbett is a partner in our Litigation and Investigations team in London and a member of our Financial Services Disputes and Investigations group. He has over 15 years of experience in advising large financial institutions on complex litigation and regulatory proceedings. He also regularly acts for high profile clients in other sectors, ranging from technology to retail.

Rhys has deep expertise in acting for clients in relation to banking litigation matters in both the retail and investment banking spheres. He is recognised in the Legal 500 as a Next Generation Partner for banking litigation.

He also has a particular specialism in mass claims and multi-party litigation. As well as having experience of running large books of litigation for major financial institutions in relation to retail mis-selling issues, he also has unique experience in having acted on both the defence and claimant side of multi-party shareholder litigation proceedings brought pursuant to s.90/90A FSMA.

In the contentious regulatory field, Rhys has acted for large financial institutions and individuals on a number of substantial FCA investigations. He has also advised clients in relation to the drafting and operation of various high profile FCA-backed compensation schemes, giving him market-leading experience in regulatory mass redress exercises and their interaction with parallel litigation.

Rhys has a detailed understanding of the operation of his clients. He has spent time on secondment to the in-house global investigations team of a major international bank and has also acted as the interim UK litigation lead at a major international brokerage firm.

Rhys Corbett excels in multi-party litigation” (Legal 500)
Emerging Themes in Financial Regulation & Disputes

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Admissions

  • England and Wales

Related Capabilities

UK & EU Class Actions UK & EU Class Actions

ESG Litigation ESG Litigation

Financial Institutions Financial Institutions

Finance Finance

  • UK & EU Class Actions

  • ESG Litigation

  • Financial Institutions

  • Finance

Experience

Financial services litigation:

  • Acting for one of the claimant groups in relation to the shareholder claim brought against Glencore plc pursuant to sections 90 and 90A FSMA, arising out of alleged misstatements in and omissions from Glencore’s prospectuses and published information.
  • Advising a FTSE 100 retailer in its defence of claims brought by institutional shareholders under s.90A FSMA. The claim was the first mass claim brought under s.90A FSMA and was featured in The Lawyer’s Top 20 cases list.
  • Acting for a leading global investment bank in relation to a substantial claim brought against it (and others) by a large number of institutional clients in the Competition Appeal Tribunal, arising out of its alleged historic involvement in FX market manipulation.
  • Advising a major global bank in relation to litigation and mass redress issues arising out of the alleged mis-selling of interest rate hedging products.
  • Advising an insurer in relation to arbitration proceedings brought against it following damage to a large overseas hotel in a hurricane.
  • Advising the British Bankers Association on a judicial review application against both the FSA and the Financial Ombudsman Service relating to the FSA’s proposed complaint handling guidance for PPI. 

Other commercial litigation:

  • Acting for Tata Consultancy Services on a complex and high-value contractual technology dispute against the Disclosure and Barring Service, arising out of the delayed delivery of a large IT transformation project. The case featured in The Lawyer’s Top 20 cases list.
  • Acting for a large international fashion corporation in relation to defending high value litigation proceedings brought against it by a sub-licensee.
  • Acting for a large UK airport car parking operator and its shareholder in defending an unfair prejudice petition commenced in the High Court.   

Regulatory/investigations matters:

  • Successfully defending an individual in relation to an enforcement action brought by the FCA regarding defined-benefit pensions mis-selling.
  • Advising a UK financial institution in relation to an enforcement action brought by the FCA in relation to a cyber incident.
  • Advising a large UK corporate in relation to setting up a regulator-backed compensation scheme (the first of its kind in the UK).
  • Advising a large payment services provider in relation to complaints handling issues under the FCA’s DISP rules.
  • Advising a global bank on a cross-border investigation regarding cum-ex trading activity.

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