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Greg Lascelles is an experienced litigator whose practice covers international and domestic commercial litigation and arbitration, with particular emphasis on the financial services sector. Mr. Lascelles has advised on investor and partnership disputes, corporate restructurings and disputes relating to equity, fixed income, interest rate, foreign exchange and commodities products. He has also advised on international arbitration matters, both ad hoc and institutional, under the LCIA, ICC, CIETAC and ICSID rules.
In addition, Mr. Lascelles has defended clients in regulatory investigations into market abuse, systems and controls and financial reporting. He has acted for clients in collective selling and cartel allegations, fraud and conspiracy, international trust and contractual disputes.
Mr. Lascelles’ clients include hedge funds, private equity houses, asset managers, investment banks, brokerage houses, entrepreneurs and major public companies in the financial services and private equity sectors.
Mr. Lascelles is also a key member of our market-leading Privacy and Data Security Litigation team, which advises a broad range of international clients on data privacy-related litigation. He is currently representing clients defending mass data breaches.
- Representing significant financial institutions, including leading international investment banks and fund managers, in disputes in the High Court and Supreme Court.
- Advising bookmakers, utility meter providers and tyre manufacturers as defendants and claimants in anti-trust actions in the High Court.
- Representing major financial institutions in regulatory investigations and enforcement actions conducted by the FCA, the SFO and the European Commission, including large market abuse matters.
- Representing owners and corporates in arbitration proceedings, including ancillary Court proceedings in England, Bermuda and the BVI.
- Representing numerous private equity funds to resolve investor, internal and portfolio company issues.
- Representing a major music label on multiple and significant post-transaction contractual disputes.
- Representing high net worth individuals from Europe and the Middle East in real estate and art investment disputes.
- Advising a hedge fund and a foreign exchange service on potential investment treaty claims.
November 12, 2020, Covington Alert
The UK government has published long-awaited draft legislation that, if made law, will introduce significant new powers to scrutinise Foreign Direct Investment (“FDI”). The National Security & Investment Bill (the “NSI Bill” or the “Bill”), is proposed to introduce mandatory filing obligations and pre-clearance requirements for all transactions in the most ...
October 29, 2020, Covington Alert
This month, the UK Supreme Court issued a decision of fundamental importance to the field of international arbitration, undertaking to answer a simple, but timelessly vexing, question: what law governs the validity and scope of an arbitration agreement, where the law that governs the parties’ contract differs from the law of the seat of arbitration? Is it the ...
October 28, 2020, Covington Alert
In this alert, we review a welcome English High Court decision, which confirms that legal advice privilege extends to communications with foreign lawyers who provide legal advice in their capacity as in-house counsel.
October 26, 2020, Covington Alert
Recent press coverage reports that 2020 has seen a significant drop-off in enforcement activity by the UK’s financial services regulator, the Financial Conduct Authority (the “FCA”) with new enforcement cases against companies down 76 percent and a number of open cases now closed. However, this will likely be a temporary shift only as the FCA pivots to meet the ...
September 14, 2020, Covington Alert
The EU Regulation on Foreign Direct Investment (2019/452) (the “EU FDI Regulation”) will enter into force fully on October 11, 2020. Most notably, on this date, a cooperation and information sharing mechanism among Member States and the European Commission in respect of foreign direct investment (“FDI”) that has an “EU-dimension” will come into effect.
September 14, 2020, Covington Alert
The English High Court has recently awarded damages in a data privacy case, with two features of particular interest1. First, the nature of the claim is more reminiscent of a claim in defamation than for data privacy breaches, which is a development in the use of data protection legislation. Secondly, the damages awarded (perhaps influenced by the nature of the ...
August 18, 2020, Covington Alert
On Friday 14 August, the Court of Appeal handed down judgment in the FX dispute CFH Clearing Limited v Merrill Lynch International [2020] EWCA Civ 1064. This appellate success, coming one year after Merrill Lynch obtained summary judgment at first instance against all CFH Clearing’s claims, was a comprehensive victory for the clear wording of standard ISDA ...
And the LOTW Runners Up Are...
July 17, 2020, AmLaw Litigation Daily
AmLaw Litigation Daily named Craig Pollack, Greg Lascelles, Eddy Eccles, Jonathan Heath, Charlotte Raynor, and Alex Gudko as runners-up for "Litigator of the Week" for their comprehensive defense win in a multi-billion dollar dispute in the English Commercial Court between two Ukrainian businessmen and the firm’s client, Mr. Oleg Mkrtchan and his related ...
July 14, 2020
LONDON—Covington secured a comprehensive defense win in a multi-billion dollar dispute in the English Commercial Court between two Ukrainian businessmen and the firm’s client, Mr. Oleg Mkrtchan and his related corporate entities. Valued at $2 billion, the complex proceedings involved wide ranging accusations of fraud made by Mr. Vitaliy Gaiduk and Mr. Sergei ...
June 8, 2020, Covington Alert
On 19 May 2020, easyJet announced that personal data of approximately 9 million customers worldwide had been unlawfully accessed by third parties in a “highly sophisticated cyber-attack”. Data stolen by the cyber-attackers includes credit card details of 2,000 of the affected customers and, for most other customers, travel details such as departure and arrival ...
UK Government Appears Ready to Bring Forward Legislative Proposals for More Rigorous FDI Screening
June 4, 2020, Covington Alert
The UK has, in recent years, been one of the most attractive and open climates for foreign direct investment (“FDI”). Whilst the UK’s net FDI inflows have fallen significantly since 2016, it remains, as of 2018, one of the highest ranked countries in the world by FDI inflows. However, the UK Government’s power to scrutinise and intervene in FDI transactions ...
May 12, 2020, Covington Alert
Litigation involving investment funds of all kinds has traditionally been rare, with funds keen to protect reputations and more willing to settle disputes behind closed doors. Nevertheless, the current impact on funds caused by the economic impact of the Covid-19 pandemic has led to a marked increase in redemptions accompanied by potential decreases in the value ...
The Responsibility of Companies for the Actions of their Directors and Employees in English Law
2020, International Comparative Legal Guide to: Litigation & Dispute Resolution 2020
December 9, 2019, Covington Alert
From December 9, 2019, the Senior Managers & Certification Regime (“SM&CR”) will apply to all FSMA-authorised firms in the UK. This extension of the SM&CR to an additional 47,000 firms is predicted to increase regulatory, investigative and enforcement focus on individuals, including by expanding the number of individuals targeted.
October 10, 2019, Covington Alert
On October 2, 2019, the English Court of Appeal handed down a landmark judgment in Lloyd v Google LLC [2019] EWCA Civ 1599 (“Lloyd”) concerning Google’s alleged misuse of the personal data of over 4 million iPhone users via cookies placed on the Safari browser.
Brexit and Frustration
April 4, 2019, Covington Alert
In a much-anticipated decision, the English High Court has confirmed that Brexit (in whatever form it may take) will not frustrate a long-term lease for the European Medicines Agency’s headquarters in London.
January 29, 2019, Covington Alert
Welcome to our round up of what we consider to be the top 10 judgments of the English Court in banking and financial markets litigation in 2018.
March 23, 2018, Covington Alert
On March 15, 2018, the Government introduced legislation to Parliament that would strengthen the state’s ability to scrutinise the national security implications of foreign investment in cutting-edge technology sectors.
The Role of In-House Counsel in Dispute Resolution
January 24, 2018, FLR European In-House Counsel Summit
January 18, 2018, Covington Alert
We summarise what we see as the ten most significant English Court judgments for financial institutions. The overriding theme to arise from these cases is that, when financial institutions look after their own interests and protect themselves, those protections will be upheld by the English Court and their contractual arrangements will be respected. Financial ...
January 17, 2018, Covington Alert
This article “fact-checks” the “Notice to Stakeholders” published by the European Commission on November 21, 2017 (the “Notice”). The Notice has received widespread press attention, due to its stark warnings about the risks of choosing to litigate in the English Courts post-Brexit. We consider whether the Notice is factually accurate (yes), whether it gives an ...
2018, The International Comparative Legal Guide to: Litigation & Dispute Resolution 2018, Contributor
England & Wales
2018, International Comparative Legal Guide to: Litigation & Dispute Resolution 2018, Contributor
September 21, 2017, Covington Alert
On September 14, 2017, the Financial Conduct Authority (FCA) confirmed that it was making a Market Investigation Reference (MIR) to the Competition and Markets Authority (CMA) in relation to services for investment consultancy and fiduciary management. This is the first time the FCA, which has significant numbers of competition lawyers within its ranks, has ...
August 21, 2017, Covington Alert
The Payment Strategy Forum (“PSF”) has published a public Consultation Paper (the “Consultation”) entitled “Blueprint for the Future of UK Payments.” The PSF observes that whilst payment systems in UK are some of the best in the world, they are no longer fit for purpose, given their age and complexity. The PSF has therefore developed a New Payments Architecture, ...
January 31, 2017
LONDON—Ian Hargreaves has joined Covington as a partner in the firm’s European Dispute Resolution practice resident in London. Mr. Hargreaves’ arrival follows that of litigation partners Craig Pollack, Greg Lascelles, Elaine Whiteford, and Louise Freeman over the past six months. Mr. Hargreaves advises on major European white collar and related civil and ...
December 6, 2016, Covington Alert
On December 2, 2016, the English High Court ruled that the members of the band Duran Duran would be in breach of the contracts under which they assigned their publishing copyrights if they exercised their U.S. statutory right to terminate the transfer of the U.S. copyrights under section 203 of the Copyright Act. The case, Gloucester Place Music Limited v Simon ...
October 17, 2016, Covington Alert
Last week, a dispute between Tesco and Unilever about where the pain caused by the devaluation of sterling should lie provided some initial evidence of the “turbulence” and “rollercoaster” rides the Chancellor of the Exchequer, Philip Hammond, has warned of since the June 23, 2016 Brexit vote.
Covington recruits in London
September 12, 2016, Global Arbitration Review
Greg Lascelles and Alex Leitch are quoted in a Global Arbitration Review article regarding Lascelles’ recent arrival to Covington. “I am very excited to join this growing team,” says Lascelles. According to Leitch, the financial services sector attracts significant client demand and Lascelles’ arrival is a “welcome addition” to the practice.
September 5, 2016
LONDON—Greg Lascelles has joined Covington as a partner in the European Dispute Resolution practice resident in the firm’s London office. Mr. Lascelles has a broad litigation and arbitration practice covering a variety of industry sectors, with a particular focus on financial services. He advises hedge funds, private equity houses, asset managers, investment ...
- Legal 500 UK, London: Dispute Resolution; Banking Litigation: Investment and Retail
- The Lawyer
- Top 20 Cases of 2020
- Top 20 Cases of 2019