Call 2000 | Silk 2018
"An exceptional lawyer, who is extremely bright." "He is incredibly responsive, easy to build a good working relationship with, and someone you can rely on."
Chambers & Partners
Sian Huckett
Deputy Senior Clerk
+44 (0)20 7842 3764
Click here to email
Chris Kent
Team Leader
+44 (0)20 7842 3771
Click here to email
James Cutress KC is an experienced commercial advocate, described in the legal directories as being “immensely effective in court”, “brilliant on tactics” and “excellent at cutting to the chase”.
He regularly acts both before the courts and in international arbitrations. His cases are typically heavy and complex commercial disputes which are international in nature and often raise jurisdictional issues.
James has significant experience and expertise in a number of practice areas, including Aviation, Banking & Finance, Financial Services, Civil Fraud, Insurance, Professional Negligence and Professional Discipline. He is ranked by legal directories in Commercial Litigation, Banking & Finance, Insurance, Aviation and Professional Negligence.
James is co-Author of Thanki’s The Law of Privilege (3rd edition) and gives specialist and expert advice in relation to privilege issues and disputes. He has also sat on the Bar Standard Board professional complaints committee (now Independent Decision Making Body) for a number of years.
Commercial disputes
Acting in a high-profile claim involving alleged ‘front running’ of foreign exchange stop loss orders by HSBC (ECU Group Plc v HSBC), a major multi-party arbitration arising out of a substantial oil pipeline joint venture, a substantial dispute relating to the Madoff fraud and in a number of recent disputes involving force majeure clauses, material adverse change clauses and frustration.
Banking & Finance disputes
Acting in a $423 million claim involving allegations of LIBOR manipulation (London Bridge v RBS) and a £663 million claim which was the largest mis-selling claim of its type then brought against a bank (Stuart Wall v RBS).
Aviation disputes
Acting for Lufthansa in a widely-publicised claim relating to the termination of nine aircraft leases with LaudaMotion, as well as in a range of disputes relating to airport detentions, liens, slots and leases arising out of each of the recent Flybe, Thomas Cook and Monarch insolvencies and the sanctions imposed on Russia.
Insurance arbitrations
Acting in a number of high value credit insurance arbitrations and Bermuda Form disputes and arbitrations.
Sanctions issues
Advising in relation to contractual, recovery and insurance issues arising out of sanctions including the recent sanctions imposed on Russia.
James is a leading silk in aviation and has a wealth of aviation, aviation lease and aviation financing dispute experience. He is described in the directories as “someone who has that understanding of how things work in the aviation industry”. He was recently instructed in relation to matters arising out of each of the Thomas Cook, Monarch and Flybe insolvencies.
Acting for Lufthansa (leading a team of two juniors against two silks and a junior) in a widely publicised dispute between Lufthansa and LaudaMotion relating to the termination of nine aircraft leases.
Manchester Airport v Archway Aviation
Acting for a lessor in relation to the arrest of a number of aircraft by Manchester Airport in the wake of the Monarch insolvency.
Instructed by the special managers of Thomas Cook shortly before it entered into liquidation to advise in relation to aviation-related regulatory and contractual issues and slot allocation.
Acting for Export Development Canada in relation to a high-profile dispute concerning the termination of an aircraft lease entered into with an entity related to the Guptas, who are accused of ‘state capture’ in South Africa.
Alpstream AG & Others v PK Airfinance & GE Capital [2015] EWCA Civ 1381; [2014] 1 All ER (Comm) 441
Acting in a high-profile four-day appeal and seven-week trial of a $30 million claim arising out of the repossession and subsequent sale of seven airbus aircraft.
Instructed in a $10 million claim by an aircraft purchaser against Embraer for allegedly repudiating an aircraft sale agreement.
Virgin Atlantic v Koito [2014] EWHC 1671
Advising on a £20 million claim arising out of the sale of aircraft seats in relation to which the manufacturer was alleged to have falsified test results.
Acting on a two-week arbitration in relation to an end of lease dispute, involving a claim of over $10 million.
Acting on a $20 million claim arising out of the total loss of a 747 aircraft in a hanger fire in Thailand.
Regularly advising in relation to lease and aircraft financing disputes, disputes between airlines (including in relation to IATA terms) and aviation related insurance disputes.
James regularly acts in a wide range of disputes and recovery proceedings, including in particular in relation to syndicated loans, guarantees and performance bonds, securitisations, derivatives, in jurisdiction disputes and in relation to regulatory issues. He is recommended by Chambers & Partners for his work in Banking & Finance.
ECU Group Plc v HSBC
Acting in a high-profile claim involving alleged ‘front running’ of foreign exchange stop loss orders by HSBC.
London Bridge v RBS
Acting for RBS in a $423 million claim involving allegations of LIBOR manipulation.
FSCS v Paragon & Others
Acting for FSCS in proceedings against multiple defendants to recover tens of millions paid out in compensation in relation to PPI insurance.
Stuart Wall v RBS (2017)
Acting for RBS in a £663 million claim, which was the largest mis-selling claim of its type then brought against a bank.
Lukoil Mid-East Ltd v Barclays Bank Plc [2016] BLR 166
Acting in a claim for £7 million raising issues of construction of a demand guarantee / performance bond.
Greenclose Ltd v National Westminster Bank Plc [2014] 2 Lloyd’s Rep 69
Advising on a claim raising issues of construction of general importance in relation to the notice provisions under the ISDA Master Agreement.
DVB Bank SE v Shere Shipping Co, IRISL & Others [2013] EWHC 2321 (Comm)
Acting as sole counsel in a claim for €42 million against Iranian owned or controlled entities who asserted defences of supervening illegality arising out of the EU sanctions against Iran.
BMA Special Opportunity Hub Fund Limited v African Minerals Finance Ltd [2013] EWCA Civ 416
Acting in a $17 million dispute in relation to a prepayment fee under a $500 million syndicated loan agreement.
Kookmin Bank v Rainy Sky & Others [2011] 1 WLR 2900 (SC)
Acting for Kookmin Bank in a landmark $50 million dispute determined by the Supreme Court relating to the construction of a series of advance payment bonds.
Acting for Deutsche Bank in a $70 million dispute arising out of the purchase of asset backed CLOs, including a dispute as to the grant of anti-suit injunctions in relation to which the Supreme Court granted permission to appeal.
Acting in numerous LIBOR and/or mis-selling claims relating to the sale of financial derivatives, including IRHPs (including Wani LLP v Royal Bank of Scotland Plc [2015] All ER (D) 22 (May)).
Acting in a number of cases involving allegations of misconduct by recoveries teams within banks.
James regularly acts in cases involving civil fraud. He has acted in disputes arising from some of the biggest frauds in recent times. He is experienced in acting in relation a wide range of interim relief including freezing orders, Norwich Pharmacal orders and Bankers Trust orders.
ECU Group Plc v HSBC
Acting in a high-profile fraud claim involving alleged ‘front running’ of foreign exchange stop loss orders by HSBC.
Ashley v Jimenez [2019] EWHC 17
Acting in a high-profile multi-million pound fraud case raising issues of forgery and relating to a substantial property investment abroad.
Acting in a $200 million arbitration arising out of a massive fraud in the Middle East.
Kazakhstan Kagazy v Zhunus, Arip & Others [2015] EWHC 996
Advising on claims in relation to an alleged fraud of over $150 million from various Kazakh companies, raising complex jurisdictional, legal and factual issues.
Virgin Atlantic v Koito [2014] EWHC 1671
Acting on a £20 million claim in deceit arising out of the sale of aircraft seats in relation to which the manufacturer was alleged to have falsified test results.
Acting for a fund manager in a claim in the Cayman Islands for over $500 million arising out of the Madoff fraud.
Acting for employer in a £4 million employee fraud in which a range of interim relief was obtained, including freezing orders, disclosure orders and Bankers Trust orders.
Acting in a series of claims involving alleged LIBOR and FX misconduct and fraud.
James has acted in numerous high value and complex commercial disputes across a wide range of subject matters. He is recommended by Chambers & Partners for his work in commercial dispute resolution and has been described as having “instinctive commercial thinking”.
James has particular expertise in disputes concerning jurisdiction and conflicts of law. He has acted and advised in many such disputes, including disputes in relation to anti-suit injunctions, forum conveniens, jurisdiction clauses, choice of law, concurrent proceedings and the enforcement of foreign judgments.
ECU Group Plc v HSBC
Acting in a high-profile claim involving alleged ‘front running’ of foreign exchange stop loss orders by HSBC.
Acting for a fund manager in a claim in the Cayman Islands for over $500 million arising out of the Madoff fraud.
Stuart Wall v RBS (2017)
Acting for RBS in a £663 million claim, which was the largest mis-selling claim of its type ever brought against a bank.
Acting as sole counsel in a €13 million arbitration raising complex issues relating to the enforceability of option agreements.
Alpstream & Others v PK Air Finance [2015] EWCA Civ 1318; [2014] 1 All ER (Comm) 441
Acting in a seven-week trial and subsequent appeal in a claim for breach of equitable duty and conspiracy against PK and GECAS arising out of the repossession and sale of seven airbus aircraft.
Treatt v Barratt [2015] EWCA Civ 116
Acting in trial and appeal raising issues of construction of a share purchase agreement.
Union Marine v Comoros [2015] 2 Lloyd’s Rep 59
Acting as sole counsel in an arbitration and then arbitration appeal raising important issues as to the scope of the appeal powers under s.67 of the Arbitration Act.
Multi Veste 226 BV v NI Summer Row Unitholder BV
Acting in a three-week trial of a £30 million dispute relating to a joint venture to construct a £300 million shopping centre.
James has particular expertise in disputes concerning jurisdiction and conflicts of law. He has acted and advised in many such disputes, including disputes in relation to anti-suit injunctions, forum conveniens, jurisdiction clauses, choice of law, concurrent proceedings and the enforcement of foreign judgments.
Acting in a €200 million dispute between a state entity and an investment bank in relation to the entry into a series of derivatives transactions, raising numerous jurisdiction issues, including as to the relationship between jurisdiction clauses in connected agreements.
Ashley v Jimenez [2019] EWHC 17
Acting in a widely reported dispute raising a series of issues as to jurisdiction, including regarding whether an exclusive jurisdiction clause in favour of a foreign court had been forged and whether service out should be granted in relation to a number of different claims.
IMS SA v Capital Oil and Gas Industries Ltd [2016] 4 WLR 163
Acting in a $5.8 million dispute raising important issues of principle as to the correct interpretation and application of the procedural rules relating to challenges to English jurisdiction, as well as issues whether a jurisdiction clause had been agreed.
Virgin Atlantic v Koito [2014] EWHC 1671
Acting for an airline in a $20 million jurisdiction dispute with two manufacturers, raising complex issues as to the scope and applicability of many of the common law heads of jurisdiction.
Acting in a $70 million dispute between a bank and a hedge fund arising out of repurchase transactions, raising issues of principle relating to the ability to obtain anti-suit injunctions in the context of non-exclusive jurisdiction clauses. The dispute settled shortly before it was to be heard by the Supreme Court.
UBS AG v Kommunale Wasserwerke Leipzig [2010] 2 CLC 499
Acting in a jurisdiction dispute between an investment bank and a German counterparty arising out of a series of CDO and CDS transactions, raising issues including as to the applicability of article 22 of the Judgments Regulation.
James has acted and advised in numerous cases across the full spectrum of insurance disputes, including acting for (re)insurers and (re)insureds, in claims for and against brokers and in Bermuda form, credit insurance, fidelity insurance, business interruption, political risks, aviation, property and professional indemnity disputes. He is recommended in the directories in insurance and was nominated for ‘Insurance Junior of the Year’ in 2013.
Acting in a number of credit insurance arbitrations and disputes each involving claims of over $10 million.
Acting in numerous Bermuda Form disputes including a three-week £100 million Bermuda Form arbitration, a three-week $25 million Bermuda Form arbitration and a $50 million coverage dispute.
Advising on a $40 million arbitration under a political risks policy in connection with commodities trading.
Advising on a $200 million arbitration in relation to a policy of fidelity insurance.
Acting for insurers in a one-week arbitration relating to the payment of profit commission under a coverholder agreement.
Acting for insurers in a £1 million claim pursuant to an equine insurance policy.
All Leisure Holidays v Europaische Reiseversicherung AG & Others [2012] Lloyd’s Rep IR 193
Acting for an insured in proceedings raising issues of construction relating to over 400 claims on a passenger protection insurance policy arising out of the insolvency of a tour operator.
Acting in a $20 million coverage dispute under a war risks insurance relating to alleged corruption in the Egyptian courts.
Acting for BAE in a major LCIA reinsurance arbitration involving $3 billion worth of cover.
James has extensive arbitration experience under a range of institutional rules (including LCIA, ICC and LMAA) in a number of commercial contexts, including commercial contracts, oil and gas, insurance/reinsurance disputes, fraud and aviation. His experience includes appeals from arbitration awards and disputes relating to enforcement of arbitration awards.
Acting in an arbitration between four major international oil companies relating to a substantial oil storage and pipeline joint venture.
Acting in a €13 million international arbitration arising out of a failed joint venture relating to property in Romania.
Union Marine v Comoros [2015] 2 Lloyd’s Rep 59
Acting in an arbitration and then arbitration appeal raising important issues as to the scope of the appeal powers under s.67 of the Arbitration Act.
APC v Eltete [2015]
Obtaining the stay of an £8 million claim under s.9 of the Arbitration Act 1996 on the grounds of a Finnish arbitration clause, the applicability of which was disputed.
Acting in a $200 million three-week arbitration on a policy of fidelity insurance.
Acting in a one-week arbitration in relation to the payment of profit commission under coverholder agreements.
Acting in a $40 million claim under an insurance policy in connection with commodities trading.
Acting in a two-week aviation arbitration relating to disputes under aircraft lease agreements.
James has acted in very substantial claims in a wide range of disciplines, including in relation to fund managers, financial advisers, auditors, solicitors and valuers.
Acting for well-known accountants in response to high-profile disciplinary proceedings in which the FRC sought the largest fine ever to be imposed.
Acting for a bank in a £48 million claim against valuers arising out of a series of allegedly negligent valuations of a major development site.
Acting for a fund manager in relation to a claim by a major client for alleged negligence in the management of a substantial portfolio during the financial crisis.
Acting for a leading provider of independent financial advice in a series of claims against former independent financial advisers.
Acting for a fund manager in a professional negligence claim for over $500 million arising out of the high-profile Madoff fraud.
Acting for a law firm in a claim for alleged negligence in connection with the structuring of a $2 billion collateralised bond obligation transaction.
Acting in a series of cases involving the alleged mis-sale of financial instruments including derivatives.
On 5 September 2023 the Court of Appeal (Popplewell, Andrews, and Falk…
James Cutress KC and Daniel Carall-Green represented Dr George Bitar in two…
Season 2: Episode 8
This episode is hosted by Francesca Ruddy and discusses the current volatility…
Sian Huckett
Deputy Senior Clerk
+44 (0)20 7842 3764
Click here to email
Chris Kent
Team Leader
+44 (0)20 7842 3771
Click here to email
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