Call 2014
"Nick is always a pleasure to work with. He’s very strong analytically, immensely hard working and has excellent judgment. Nick would strengthen any team."
Alex Gerbi, Co-Managing Partner, Quinn Emanuel, Urquhart & Sullivan (UK) LLP
Richard Evans
Team Leader
+44 (0)20 7842 3771
Click here to email
Katie Palmer
Team Leader's Assistant
+44 (0)20 7842 3709
Click here to email
Nick Daly specialises in commercial litigation and arbitration and is regularly instructed in high profile commercial disputes.
His recent instructions include acting for UBS in the Ingenious Litigation, for PrivatBank in claims relating to the US$5 billion frauds of its former owners Igor Kolomoisky and Gennadiy Bogolyubov, and for the successful claimant in a multi-million pound deceit and conspiracy claim following a 10-day trial in December 2021.
Nick has particular expertise in heavy-duty banking and finance and civil fraud work, but he is also regularly instructed across a wide range of other practice areas, including international arbitration, professional negligence, injunctions and commercial crime.
The Ingenious Litigation
Acting for UBS in claims worth in total over £200 million concerning advice given in relation to investments in the Ingenious film partnerships. The dispute resulted in numerous decisions in the High Court and Court of Appeal, including in relation to the defendants’ application for security for costs against a litigation funder, and the Business and Property Courts Disclosure Pilot. The claims settled shortly before a 20-week trial listed to commence in May 2022.
Ivy Technology Limited v (1) Martin, (2) Bell [2022] EWHC 1218 (Comm)
Acting for Ivy in successful claims for deceit, conspiracy and under agency principles arising out of the sale of a gambling business, following a 10-day day trial in December 2021.
Madison Pacific Trust Limited v PrivatBank
Acting for PrivatBank in substantial LCIA arbitration proceedings worth over $400 million arising out of the frauds of its former owners, Igor Kolomoisky and Gennadiy Bogolyubov, with related High Court applications for directions relating to the Awards and challenges under s.67 and s.68 of the Arbitration Act 1996.
A v B
Two separate LCIA arbitrations relating to the break-up of a hotel business worth over £1 billion, including (in one arbitration) wide-ranging allegations of unfair prejudice and breaches of contractual and directors’ duties by a minority shareholder in the business, and (in the other arbitrations) claims relating to alleged wrongdoing relating to the setting up of a rival hotel business.
Cordic Group Limited v Arani & Ors
Acting for the Claimant in a £20 million claim for fraudulent breaches of warranty under an SPA for the sale of a technology business. Listed for a 10-day trial in December 2022.
Rowe & Ors v Ingenious Media Holdings Plc & Ors (The Ingenious Litigation)
Acting for UBS in claims worth in total over £200 million concerning advice given in relation to investments in the Ingenious film partnerships (with Richard Handyside QC and James Duffy), including a successful application for security for costs against a litigation funder ([2020] EWHC 235 (Ch)) and successful appeal in relation to the cross undertaking in damages ([2021] EWCA Civ 29), and decisions in relation to the Disclosure Pilot in the Business and Property Courts. Listed in The Lawyer as one of the “Top 20 cases” of both 2018 and 2022. The claims settled shortly before a 20-week trial listed to commence in May 2022.
Madison Pacific Trust Limited v PrivatBank
Acting for PrivatBank in substantial LCIA arbitration proceedings worth over $400 million arising out of the fraud on the Ukrainian bank PrivatBank, including High Court applications for directions relating to the Awards ([2020] EWHC 610 (Ch)) and challenges under s.67 and s.68 of the Arbitration Act 1996 (with Lord Wolfson QC and Simon Atrill).
ICBC Standard Bank plc & Ors v (1) The Republic of Sudan; (2) The Central Bank of Sudan
$1.5 billion claims brought by a number of banks and financial institutions against the Republic of Sudan and its Central Bank in respect of long-standing indebtedness under agreements dated back to the 1980s, including successful applications in respect of service of the proceedings involving issues of state immunity, service on process agents, and service out of the jurisdiction (with Stephen Moriarty QC).
ICBC Standard Bank plc v (1) Banco Nacional de Cuba; (2) The Republic of Cuba
£1 billion claims brought against Cuba and its Central Bank in respect of Cuba’s long-standing indebtedness to various banks and financial institutions (with Stephen Moriarty QC and Tamara Oppenheimer QC).
A v B
Acting for a bank in confidential US$100 million LCIA arbitration proceedings arising out of a capital markets transaction used to perpetrate a large-scale fraud.
Albinson, Batty, Riddle & Ors v Barclays Partner Finance
Acting for Barclays in multiple claims brought against Barclays under the Consumer Credit Act 1974 arising out of alleged fraudulent mis-selling of timeshares (with James Duffy and unled). Nick is instructed for multiple 10-day trials of batches of the claims (unled) over the next 18 months.
UBS v Infinidat Ltd
Acting for UBS in a $3 million claim arising out of an engagement letter to facilitate investments in an Israeli company (unled).
Proceeds of Crime Act 2002/Money Laundering
Nick has advised multiple banks on their obligations under Part 7 of the Proceeds of Crime Act 2002 (money laundering), and recently acted in a claim for a substantial five figure sum by a customer of a challenger bank for the return of monies from a frozen account (unled).
FSCS v Firstplus & Ors
Defending a c.£15 million claim brought by the FSCS and several thousand consumers against Firstplus relating to the sale of PPI (with Timothy Dutton QC and Simon Atrill).
National Bank Trust v Yurov & Ors
A c.$850 million claim governed by Russian law relating to a large-scale banking fraud in Russia, including an application to set aside a freezing injunction (with Patrick Goodall QC and Simon Atrill).
Ivy Technology Limited v (1) Martin; (2) Bell [2022] EWHC 1218 (Comm)
Acting for the claimant, Ivy Technology, in claims for deceit, conspiracy and under agency principles arising out of the sale of a gambling business in 2019 (with Edward Levey QC). Ivy succeeded on all its main claims following a 10-day trial in December 2021.
Madison Pacific Trust Limited v PrivatBank
Acting for PrivatBank in substantial LCIA arbitration proceedings worth over $400 million arising out of the fraud on the Ukrainian bank PrivatBank, including High Court applications for directions relating to the Awards ([2020] EWHC 610 (Ch)) and challenges under s.67 and s.68 of the Arbitration Act 1996 (with Lord Wolfson QC and Simon Atrill).
Albinson, Batty, Riddle & Ors v Barclays Partner Finance
Acting for Barclays in multiple claims brought against Barclays under the Consumer Credit Act 1974 arising out of alleged fraudulent mis-selling of timeshares (with James Duffy and unled). Nick is instructed for multiple 10-day trials of batches of the claims (unled) over the next 18 months.
A v B
Acting in confidential US$100 million LCIA arbitration proceedings arising out of a capital markets transaction used to perpetrate a large-scale fraud.
National Bank Trust v Yurov & Ors
$850 million claim governed by Russian law arising out of an alleged large-scale banking fraud in Russia, including a substantial application to discharge a worldwide freezing order (with Patrick Goodall QC and Simon Atrill).
Acting for a large multinational energy company in relation to an investigation into deaths at a site owned by the company in the UK (with Richard Lissack QC).
Cordic Group Limited v Arani & Ors
Acting for the Claimant in in a £20 million claim for fraudulent breaches of warranty under an SPA for the sale of a technology business (with Paul Sinclair QC). Listed for a 10-day trial in December 2022.
Ivy Technology Limited v (1) Martin; (2) Bell [2022] EWHC 1218 (Comm)
Acting for the claimant, Ivy Technology, in claims for deceit, conspiracy and under agency principles arising out of the sale of a gambling business in 2019 (with Edward Levey QC). Ivy succeeded on all its main claims following a 10-day trial in December 2021.
A v B
Acting (with Patrick Goodall QC) in two substantial LCIA arbitrations arising out of disputes between the former owners of a hotel business worth over £1 billion, including widespread allegations of unfair prejudice and damages claims for around £80 million.
Astor v Atalaya
Acting (with Stephen Moriarty QC and Alexander Milner QC) for the defendants in claims worth over €50 million under a Master Agreement relating to the sale of a Spanish mine (following judgments on, inter alia, the proper construction of the Master Agreement: [2017] EWHC 425 (Comm); [2018] EWCA Civ 2407).
Madison Pacific Trust Limited v PrivatBank
Acting for PrivatBank in substantial LCIA arbitration proceedings worth over $400 million arising out of the fraud on the Ukrainian bank PrivatBank, including High Court applications for directions relating to the Awards ([2020] EWHC 610 (Ch)) and challenges under s.67 and s.68 of the Arbitration Act 1996 (with Lord Wolfson QC and Simon Atrill).
Wells v Cathay Investments 2 Ltd [2019] EWHC 2996 (QB)
Acting for the successful defendants in a five-day speedy trial concerning whether the claimants were in material breach of their employment contracts and the enforceability of restrictive covenants (with Edward Levey QC).
Doosan Power Systems S.A. v Uniper France Power S.A.S.
Successful application to set aside a without notice injunction to prevent a call on a performance bond (with Rosalind Phelps QC).
Brightside Group Ltd v Chase-Gardener
Multi-million pound dispute between a company and its former director in respect of alleged negligence and conflict of interest (with Bankim Thanki QC and James Duffy).
Gemini v (1) CBRE; (2) King Sturge
Acting for the claimant in a claim worth over £200 million arising out of the alleged negligent overvaluation of a £1.2 billion commercial property portfolio (with Mark Simpson QC, Nik Yeo and Nico Leslie). Listed in The Lawyer as one of the “Top 20 cases of 2016”.
Tremain v North & Ors
c.£1 million claim relating to the alleged misappropriation of shares in a UK-based foreign exchange company (with Simon Atrill). Appeared as sole counsel in a successful application to strike out the claim.
The Khan Partnership v Al-Shanfari & Al-Rawas
c.£1 million claim by a firm of solicitors against two former clients for unpaid fees and disbursements, with a substantial counterclaim for professional negligence (with Leigh-Ann Mulcahy QC).
Gliding Ltd v IAE
Acting for the claimant in a substantial claim against an aircraft maintenance company for negligent services provided in respect of a damaged aircraft (with Akhil Shah QC).
Olive Bidco Ltd v Shenton
£15 million breach of warranty and misrepresentation claim by a private equity firm against two former directors of a clothing company (with John Taylor QC).
A v B
Acting (with Patrick Goodall QC) in two substantial LCIA arbitrations arising out of disputes between the former owners of a hotel business worth over £1 billion, including widespread allegations of unfair prejudice and damages claims for around £80 million.
Madison Pacific Trust Limited v PrivatBank
Acting for PrivatBank in substantial LCIA arbitration proceedings worth over $400 million arising out of the fraud on the Ukrainian bank PrivatBank and the issuance of Notes (with Lord Wolfson QC and Simon Atrill).
A v B
Acting in confidential US$100 million LCIA arbitration proceedings arising out of a capital markets transaction used to perpetrate a large-scale fraud.
Solicitors Regulation Authority v Maitland Hudson
Successful disciplinary proceedings against a senior solicitor, involving allegations of dishonesty, conflict of interest and assisting a Russian client with diluting a partnership’s assets (with Edward Levey QC).
Solicitors Regulation Authority v Leigh Day & Others
High-profile prosecution of Leigh Day and three of its solicitors, involving a 21-day trial in the SDT and a six-day appeal in the Administrative Court.
Rowe & Ors v Ingenious Media Holdings Plc & Ors
Acting for UBS in claims worth over £200 million arising out of advice given in relation to investments in the Ingenious film partnerships (with Richard Handyside QC and James Duffy). Listed in The Lawyer as one of the “Top 20 cases” of 2018 and 2022.
Brightside Group Ltd v Chase-Gardener
Multi-million pound dispute between a company and its former director in respect of alleged negligence and conflict of interest (with Bankim Thanki QC and James Duffy).
The Khan Partnership v Al-Shanfari & Al-Rawas
c.£1 million claim by a firm of solicitors against two former clients for unpaid fees and disbursements, with a substantial counterclaim for professional negligence (with Leigh-Ann Mulcahy QC).
Gemini v (1) CBRE; (2) King Sturge
Acting for the claimant in a claim worth over £200 million arising out of the alleged negligent overvaluation of a £1.2 billion commercial property portfolio (with Mark Simpson QC, Nik Yeo and Nico Leslie). Listed in The Lawyer as one of the “Top 20 cases of 2016”.
Following a two-week trial in the Commercial Court, Henshaw J. last week…
17 Fountain Court members appear in seven of The Lawyer’s ‘Top 20…
Edward Levey and Nick Daly, instructed by Ryan Carthew of Dentons, acted…
Richard Evans
Team Leader
+44 (0)20 7842 3771
Click here to email
Katie Palmer
Team Leader's Assistant
+44 (0)20 7842 3709
Click here to email
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