Rebecca Loveridge

Rebecca Loveridge

Call 2011

"She is a formidable opponent; the case was well presented and she was careful and reasoned in her approach."


Chambers & Partners

For enquiries please contact

Alfie Harper

Alfie Harper
Team Leader
+44 (0)20 7842 3806
Click here to email

Sam McCrone
Team Leader's Assistant
+44 (0)20 7583 3335
Click here to email

Expertise

Rebecca has particular experience of administrative and public law issues arising in the context of financial services regulation. She is ranked as a Leading Junior for Financial Services in Chambers & Partners 2022 and for Financial Services Regulation in The Legal 500 and has applied her financial services expertise in a number of public law matters.

Notable Administrative & Public Law Cases


R (Donegan) v Financial Services Compensation Scheme Limited [2021] EWHC 760 (Admin)

Acting (with Richard Handyside QC) for the Defendant in a judicial review arising out of the collapse of London Capital & Finance Plc and concerning the meaning and effect of certain provisions of FSMA 2000.


Advising the Financial Reporting Council in relation to administrative and public law issues, including with regard to the publication of decisions and other documents and its powers to obtain information.

Rebecca is instructed on a wide range of matters involving air travel, aircraft finance and maintenance and other aspects of aviation.

Notable Aviation & Travel Cases


Advising (with Akhil Shah QC) on an issue of interpretation of the Cape Town Convention in the context of an airline’s insolvency.


Instructed by the defendant in a dispute concerning work carried out, and money owed, under an aircraft maintenance agreement.


Instructed by an air services provider in a dispute with a former shareholder.


Instructed in a dispute concerning the terms of an aircraft lease agreement.


Instructed by the claimant in a claim for unpaid sums due under an aircraft maintenance agreement.


Alpstream AG v PK Airfinance & GE Capital Aviation Services

Instructed as part of the claimant’s legal team in a substantial dispute involving the alleged sale of aircraft at an undervalue.


Instructed by the Civil Aviation Authority (‘CAA’) on an appeal from the revocation by the CAA of a travel provider’s operating licence.


Numerous instances of advising and acting for airlines in relation to disputed claims under the Montreal Convention and EU Regulation 261/2004.

Rebecca is ranked as a Leading Junior for Banking & Finance in Chambers & Partners 2022. Her practice encompasses a wide variety of banking, finance and consumer credit litigation, ranging from substantial international matters to smaller, consumer-oriented disputes. She has acted for major retail, investment and central banks.

Notable Banking & Finance Cases


R (Donegan) v Financial Services Compensation Scheme Limited [2021] EWHC 760 (Admin)

Acting (with Richard Handyside QC) for the Defendant in this high profile judicial review arising out of the collapse of London Capital & Finance PLC and concerning the meaning and effect of certain provisions of FSMA 2000.


Industrial and Commercial Bank of China v Ambani [2019] EWHC 3436; [2020] EWHC 1403 (Comm)

Acting (with Bankim Thanki QC and Laura Newton) for the claimant bank in respect of a claim for more than $700 million under a disputed guarantee.


Scarborough Group Developments Limited v Bank of Scotland Plc

Acting (with Richard Handyside QC and Rupert Allen) for Bank of Scotland in respect of a £500 million claim by 54 companies and other entities, concerning allegations of misrepresentation and breach of contract.


Dana Gas PJSC v Dana Gas Sukuk Limited [2018] 1 Lloyd’s Rep 177

Acting (with Richard Handyside QC) for the appointed delegate of a bond issuer in proceedings concerning the validity of a high value Islamic finance transaction. The matter gave rise to complex jurisdictional issues, with several contested applications concerning the availability and effect of anti-suit relief in various jurisdictions.


Aldersgate Investments Limited v Lloyds Bank Plc [2018] EWHC 2601 (Comm)

Acting (with Richard Handyside QC and Rosalind Phelps QC) for the defendant in respect of four consolidated claims for more than £185 million, arising out of the claimants’ entry into loan and swap transactions referenced to LIBOR. The case settled shortly before the commencement of a five-seven week trial.


Acting, as sole counsel, for Falcon Asset Finance (Cayman) Limited in several sets of proceedings against high net worth individuals for payment of sums owed under loan notes issued by those individuals, together with related possession claims.


Lloyds Bank v Manak & Ors

Acting for Lloyds Bank in a successful application for summary judgment in respect of a claim under a guarantee, resisting the defendants’ alleged defences including their allegations of misrepresentation, breach of fiduciary duty and mistake.


Considerable experience of acting for major retail banks in relation to allegations of mis-selling of interest rate hedging products, both as sole counsel and with leaders. Including Gray’s Inn Properties v RBS (with John Taylor QC) and St Dominic’s Limited v RBS.  In 2013, Rebecca spent three months on secondment to the Financial Markets litigation department of Dentons LLP where she gained extensive experience of swaps litigation.


Mallinson v Maxis

Instructed in relation to allegations of breach of contract, negligence and breach of regulatory duty in relation to the opening and operation of an investment account.


Quah Su Ling v Goldman Sachs and Ng Su Ling v Goldman Sachs

Acting (with Bankim Thanki QC and Ben Valentin QC) for Goldman Sachs in defence of claims concerned with on-demand loan facilities extended to private wealth clients in Singapore. The case was featured as one of The Lawyer’s Top 20 cases of 2015.


Walker v NatWest [2016] EWHC 315 (Ch)

Instructed in relation to a dispute concerning the correct procedure for the payment of redress under the IRHP ‘Review’ following the dissolution of a company.


Frost & Ors v Capita Financial Managers

Instructed (with Craig Orr QC and Anna Boase) for Capita Financial Managers in defence of group litigation brought by investors in certain funds alleging breaches of the defendant’s duties as authorised corporate director of the funds. Involved issues arising under the COLL Rules of the FCA Handbook.


Greenwood v RBS

Instructed (with Tamara Oppenheimer QC) for RBS in defence of a claim for breach of contract/negligence arising out of the registration of defaults with credit agencies.


Secure Capital v Credit Suisse

Instructed (with Raymond Cox QC and James McClelland) in relation to a claim brought by a Luxembourg fund alleging a breach of a term of a bond.


Sebastian Holdings v Deutsche Bank AG

Instructed as part of the defendant’s legal team in relation to a >£5 billion claim.

Rebecca is frequently instructed on matters involving allegations of fraud.

Notable Civil Fraud Cases


Scarborough Group Developments Limited v Bank of Scotland Plc

Acting (with Richard Handyside QC and Rupert Allen) for Bank of Scotland in respect of a £500 million claim by 54 companies and other entities, including allegations of deceit.


Acting (with Paul Gott QC) for the defendant in a commercial dispute involving allegations of deceit, negligence and breach of contract in the context of a waste management and disposal contract.


Aldersgate Investments Limited v Lloyds Bank Plc

Acting (with Richard Handyside QC and Rosalind Phelps QC) for the defendant in respect of four consolidated claims for more than £185 million, arising out of the claimants’ entry into loan and swap transactions referenced to LIBOR. The claims included allegations of deceit.


LCIA Arbitration

Acting (with Derrick Dale QC) in arbitral proceedings concerning allegations of fraudulent manipulation of electronic documents.

Rebecca has a wide range of experience in commercial matters, both as sole counsel and being led in the most substantial cases. These matters often involve cross-border elements which require consideration of questions of conflict of laws. Rebecca is regularly instructed to advise on such issues.

Notable Commercial Disputes Cases


Acting (with Richard Handyside QC) for a ‘big four’ accountancy firm in its defence of claims in excess of £63m involving allegations of breach of confidentiality and breach of contract.


Acting (with Paul Gott QC) for the defendant in a commercial dispute involving allegations of deceit, negligence and breach of contract in the context of a waste management and disposal contract.


Acting (with Paul Sinclair QC) for an Angolan telecoms company in a high value claim arising out of a number of loan facilities.


Dana Gas PJSC v Dana Gas Sukuk Limited [2018] 1 Lloyd’s Rep 177

Acting (with Richard Handyside QC) for the appointed delegate of a bond issuer in proceedings concerning the validity of a high value Islamic finance transaction. The matter gave rise to complex jurisdictional issues, with several contested applications concerning the availability and effect of anti-suit relief in various jurisdictions.


Instructed (with Richard Handyside QC) in relation to disputed jurisdiction and choice of law issues in the context of follow-on litigation further to a fine imposed by the European Commission on a number of producers of underground and submarine high voltage power cables.


B.A.T. Industries v Sequana

Instructed (with Ben Valentin QC) on a contested application for specific disclosure in the context of large scale commercial litigation concerning the lawfulness of certain dividend payments.


Quah Su Ling v Goldman Sachs and Ng Su Ling v Goldman Sachs

Instructed (with Bankim Thanki QC and Ben Valentin QC) for Goldman Sachs in defence of claims concerned with on-demand loan facilities extended to private wealth clients in Singapore. This was featured as one of The Lawyer’s Top 20 cases of 2015.


Instructed in relation to proceedings by company administrators against the former director of the company, involving issues of de facto and shadow directorship and breach of fiduciary duty.


Secure Capital v Credit Suisse

Instructed (with Raymond Cox QC and James McClelland) in relation to a claim brought by a Luxembourg fund alleging a breach of a term of a bond.


Secretary of State for Transport v Paragon v PHS

Acting (with Henry King QC) in substantial litigation in the Commercial Court involving allegations of breach of contract and negligence in relation to a dispute as to the proper disposal of confidential documents.

Rebecca’s cases often have an international dimension and she regularly advises and appears on matters giving rise to conflicts of laws and jurisdiction issues.

Notable Commercial Disputes - Conflicts of law and private international law Cases


Dana Gas PJSC v Dana Gas Sukuk Limited

Acting (with Richard Handyside QC) for the defendants in respect of a claim for more than $737 million arising out of a disputed Islamic finance transaction. The matter gave rise to complex jurisdictional issues, with several contested applications for anti-suit relief and in respect of the consequences of separate anti-suit relief obtained in the UAE.


Instructed (with Richard Handyside QC) in relation to disputed jurisdiction and choice of law issues in the context of follow-on litigation further to a fine imposed by the European Commission on a number of producers of underground and submarine high voltage power cables.


Instructed (with James McClelland) in relation to jurisdiction and choice of law issues arising in the context of allegations of various economic torts.

Rebecca is ranked as a Leading Junior for Financial Services in Chambers & Partners 2022 and for Financial Services Regulation in The Legal 500. She has substantial experience of regulatory issues arising in the context of the provision of financial services and is regularly instructed on matters involving allegations of breach of regulatory duty in that context.

Notable Financial Services Cases


R (Donegan) v Financial Services Compensation Scheme Limited [2021] EWHC 760 (Admin)

Acting (with Richard Handyside QC) for the Defendant in a judicial review arising out of the collapse of London Capital & Finance PLC and concerning the meaning and effect of certain provisions of FSMA 2000.


Acting (with Mark Simpson QC) for the Financial Reporting Council in respect of its investigation into the preparation, approval and audit of the financial statements of Sports Direct International Plc for the financial year ending 24 April 2016. The investigation led to contested proceedings concerning the FRC’s entitlement to the production of certain documents (including privileged documents) by SDI: [2020] EWCA Civ 177.


Acting (with Timothy Dutton CBE QC and Henry King QC) for the Financial Reporting Council in disciplinary proceedings brought against the audit engagement partner and Deloitte in relation to Deloitte’s audit of Aero Inventory plc. The Finance Director was excluded from the profession for three years and, following a five-week tribunal hearing, a record breaking fine was imposed on Deloitte.


Pottage v FSA [2013] Lloyd’s Rep FC 16

Assisting (as a pupil) Guy Philipps QC and Henry King QC in this contentious regulatory dispute concerning the FSA senior managers’ regime. Involved a three-week trial in the Upper Tribunal.


In late 2014 Rebecca spent three months on secondment to the Financial Regulation Group at Linklaters LLP.

Notable International Arbitration Cases


LCIA Arbitration

Instructed (with Derrick Dale QC) in arbitral proceedings concerning allegations of fraudulent manipulation of electronic documents.


LCIA Arbitration

Instructed (with Derrick Dale QC) in a substantial arbitration concerning alleged breaches of shareholders’ agreements in the context of the telecoms industry.

Rebecca has particular expertise in the area of legal professional privilege. She is a contributor to Thanki (ed) The Law of Privilege (3rd edn, 2018) and co-authors (with Tamara Oppenheimer QC and Samuel Rabinowitz) the chapter on English legal professional privilege in Global Investigation Review’s The Practitioner’s Guide to Global Investigations. She is also co-author (with Bankim Thanki QC, Chloe Carpenter QC and Nik Yeo) of the “Privilege” chapter in Challenging Private Law (Ed. Day & Worthington, 2020).

Notable Privilege, Confidentiality & Conflicts of Interest Cases


Financial Reporting Council Ltd v Sports Direct International Plc [2020] EWCA Civ 177

Representing (with Mark Simpson QC) the FRC in proceedings concerning the FRC’s entitlement to the production of certain documents (including privileged documents) by Sports Direct.


PCP Capital Partners LLP v Barclays Bank Plc [2020] EWHC 1393 (Comm)

Representing (with Richard Lissack QC) Barclays Bank in proceedings concerning an alleged waiver of privilege arising out of Barclays’ involvement in related criminal proceedings and civil litigation.


A v B and Financial Reporting Council [2020] EWHC 1491 (Ch)

Representing (with Mark Simpson QC) the FRC in Part 8 proceedings concerning the obligations of the recipient of a statutory notice to produce documents which are subject to a disputed assertion of legal professional privilege by a third party.


Director of the SFO v Eurasian Natural Resources Corporation [2019] 1 WLR 791

Representing (with Bankim Thanki QC and Tamara Oppenheimer QC) the defendant in a high-profile appeal concerning the defendant’s entitlement to withhold documents from the SFO on grounds of legal professional privilege.


Sequana v BAT

Instructed (with Ben Valentin QC) in contested proceedings for specific disclosure which arose mid-trial in the context of large scale commercial litigation. Issues included joint privilege and waiver.


R (on the application of Prudential plc and another) v Special Commissioner of Income Tax and another [2013] UKSC 1

Instructed (with Bankim Thanki QC, Ben Valentin QC and Henry King QC) for the Bar Council, intervening, in Supreme Court proceedings which considered the proper scope of legal advice privilege.

Rebecca is regularly instructed in matters of professional discipline, particularly in the financial services context.

Notable Professional Discipline Cases


Acting (with Mark Simpson QC) for the Financial Reporting Council in respect of its investigation into the preparation, approval and audit of the financial statements of Sports Direct International Plc for the financial year ending 24 April 2016. The investigation led to contested proceedings concerning the FRC’s entitlement to the production of certain documents (including privileged documents) by SDI: [2020] EWCA Civ 177.


Acting (with Timothy Dutton CBE QC and Henry King QC) for the Financial Reporting Council in disciplinary proceedings brought against the audit engagement partner and Deloitte in relation to Deloitte’s audit of Aero Inventory plc. The Finance Director was excluded from the profession for three years and, following a five-week tribunal hearing, a record breaking fine was imposed on Deloitte.


Pottage v FSA [2013] Lloyd’s Rep FC 16

Assisting (as a pupil) Guy Philipps QC and Henry King QC in this contentious regulatory dispute concerning the FSA senior managers’ regime. Involved a three-week trial in the Upper Tribunal.

Notable Professional Negligence Cases


Instructed (as part of a counsel team led by Mark Simpson QC) in relation to a >£200 million claim against two major valuer firms, relating to their allegedly negligent valuation of a £1.2 billion portfolio of commercial properties.


Frost & Ors v Capita Financial Managers

Instructed (with Craig Orr QC and Anna Boase) for Capita Financial Managers in defence of group litigation brought by investors in certain funds alleging breaches of the Defendant’s duties as authorised corporate director of the funds.

"Rebecca Loveridge is a high-quality junior who inspires confidence when acting in contentious matters involving regulators such as the FRC and FCA."


Chambers & Partners

"She really rolls up her sleeves and has great technical expertise."


Chambers & Partners

"An insightful junior barrister who is also a great team player."


The Legal 500

"She is very responsive and is completely steeped in the detail."


Chambers & Partners

"Very smart and thorough and great with clients."


The Legal 500

"She is very intelligent, thoughtful and great to work with." "She's very thorough, well prepared, and her drafting is of the highest standard."


Chambers & Partners

Chambers & Partners
  • Banking & Finance
  • Financial Services
The Legal 500
  • Financial Services Regulation

  • BPTC, BPP Law School (Outstanding)
  • BCL, Trinity College, Oxford University (Distinction) (papers in Private International Law, Commercial Remedies, Restitution of Unjust Enrichment and International Economic Law)
  • BA (Jurisprudence), St Peter’s College, Oxford University (First class, fourth highest mark in university)

  • Prize for Outstanding performance on the BPTC (Inner Temple)
  • Major BPTC Scholarship (Inner Temple)
  • Winner of the Oxford Law Society Mooting Competition, 2010
  • Winter Williams Prize for best performance in International Economic Law (Oxford University), 2010
  • Arts and Humanities Research Council Award for Postgraduate Study, 2009-10
  • Proxime Accessit Gibbs Prize for combined performance in Contract, Tort, Land law and Trusts (Oxford University), 2008
  • Quadrant Chambers Prize for best performance in International Trade (Oxford University), 2008

  • Contributor to Thanki, ed. The Law of Privilege (3rd edn, 2018)
  • Co-author (with Bankim Thanki QC, Chloe Carpenter QC and Nik Yeo) of “Privilege” in Challenging Private Law, to be published by Hart Publishing in summer 2020
  • Co-author (with Tamara Oppenheimer QC and Samuel Rabinowitz) of the chapter on UK Privilege in Global Investigation Review’s The Practitioner’s Guide to Global Investigations
  • Co-author (with Patricia Robertson QC) of the chapter on Expert Witnesses in Professional Negligence and Liability, ed Simpson, Informa, Looseleaf
  • The Uncertain Future of Walford v Miles [2011] LMCLQ 528 (with Alistair Mills)
  • Termination as a Response to Unjust Enrichment [2012] LMCLQ 65 (with Christopher Langley)

  • German (basic)

For enquiries please contact

Alfie Harper

Alfie Harper
Team Leader
+44 (0)20 7842 3806
Click here to email

Sam McCrone
Team Leader's Assistant
+44 (0)20 7583 3335
Click here to email

"Rebecca Loveridge is a high-quality junior who inspires confidence when acting in contentious matters involving regulators such as the FRC and FCA."


Chambers & Partners

"She really rolls up her sleeves and has great technical expertise."


Chambers & Partners

"An insightful junior barrister who is also a great team player."


The Legal 500

"She is very responsive and is completely steeped in the detail."


Chambers & Partners

"Very smart and thorough and great with clients."


The Legal 500

"She is very intelligent, thoughtful and great to work with." "She's very thorough, well prepared, and her drafting is of the highest standard."


Chambers & Partners

Chambers & Partners
  • Banking & Finance
  • Financial Services
The Legal 500
  • Financial Services Regulation

  • BPTC, BPP Law School (Outstanding)
  • BCL, Trinity College, Oxford University (Distinction) (papers in Private International Law, Commercial Remedies, Restitution of Unjust Enrichment and International Economic Law)
  • BA (Jurisprudence), St Peter’s College, Oxford University (First class, fourth highest mark in university)

  • Prize for Outstanding performance on the BPTC (Inner Temple)
  • Major BPTC Scholarship (Inner Temple)
  • Winner of the Oxford Law Society Mooting Competition, 2010
  • Winter Williams Prize for best performance in International Economic Law (Oxford University), 2010
  • Arts and Humanities Research Council Award for Postgraduate Study, 2009-10
  • Proxime Accessit Gibbs Prize for combined performance in Contract, Tort, Land law and Trusts (Oxford University), 2008
  • Quadrant Chambers Prize for best performance in International Trade (Oxford University), 2008

  • Contributor to Thanki, ed. The Law of Privilege (3rd edn, 2018)
  • Co-author (with Bankim Thanki QC, Chloe Carpenter QC and Nik Yeo) of “Privilege” in Challenging Private Law, to be published by Hart Publishing in summer 2020
  • Co-author (with Tamara Oppenheimer QC and Samuel Rabinowitz) of the chapter on UK Privilege in Global Investigation Review’s The Practitioner’s Guide to Global Investigations
  • Co-author (with Patricia Robertson QC) of the chapter on Expert Witnesses in Professional Negligence and Liability, ed Simpson, Informa, Looseleaf
  • The Uncertain Future of Walford v Miles [2011] LMCLQ 528 (with Alistair Mills)
  • Termination as a Response to Unjust Enrichment [2012] LMCLQ 65 (with Christopher Langley)

  • German (basic)

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