Quadrant Chambers welcomes Banking and Commercial Litigator Simon Oakes

Fri, 12 April, 2019

Quadrant Chambers is delighted to welcome Simon Oakes to Quadrant Chambers. Simon is a commercial litigator with a particular focus on banking & financial services matters. He has been involved in major banking cases in recent years, including the LIBOR manipulation cases of Graiseley Properties Ltd v Barclays Bank Plc in the Court of Appeal, and Aldersgate v Bank of Scotland in the High Court.

I am very excited to be joining Quadrant Chambers. Quadrant’s reputation for commercial litigation goes without saying; the set also has a very strong – and growing - banking & finance team and I am very much looking forward to being part of its continued development. I think the set will provide an excellent platform for me to further develop the banking and commercial litigation practice which I built up at Outer Temple Chambers. I leave behind many good friends at OTC, and wish them all the best for the future.“ Simon Oakes

It is a real pleasure to welcome Simon to Quadrant Chambers. He will be a fantastic addition to Quadrant and in particular our banking and commercial litigation offering ,which goes from strength to strength following the arrival of banking and commercial specialists Paul Downes QC, Emily Saunderson, Stewart Chirnside and Joseph Sullivan early last year.” Simon Croall QC, Head of Quadrant Chambers

Quadrant Chambers is ranked as a leading banking and finance and commercial dispute resolution set.

… a strong stable of commercially minded banking litigators with a strong track record in major civil disputes. (Legal 500 UK Bar 2019)


Simon Oakes

Simon practises in commercial law, with a particular focus on banking & financial services, and complex commercial fraud cases.

Simon has a wealth of experience in some of the most significant banking and financial services cases of recent years, from major interest rate hedging product litigation to regulatory investigations against individuals. He has a deep knowledge of the allegations of LIBOR misconduct against several major banks, a great deal of experience in misselling cases, and a wealth of experience of developing legal and tactical arguments in major commercial litigation.

Significant recent instructions include:

  • Two ongoing multi-million pound deceit claims against Bank of Scotland and/or Lloyds Banking Group
  • Aldersgate & Ors v Bank of Scotland & Anor [2018] EWHC 2601 (Comm): a Commercial Court claim in excess of £100 million, alleging fraudulent and negligent misrepresentation arising out of LIBOR manipulation. The case also involved a ground-breaking interlocutory application by the defendant, attempting to withdraw pleaded admissions of findings by global regulators.
  • The LIBOR test case of Graiseley Properties Ltd v Barclays Bank Plc, Deutsche Bank AG v Unitech Global Ltd [2013] EWCA Civ 1372 (CA), in the Court of Appeal and in the High Court. One of The Lawyer’s ‘Top 20 cases’ of 2013.
  • Hockin v Royal Bank of Scotland in the High Court: a £55 million Financial List banking case concerning interest rate products and the bank’s Global Recovery Group (‘GRG’), and involving issues of misrepresentation, LIBOR manipulation, unlawful means conspiracy and implied duties of good faith.
  • Viavi v Shannan & Others [2018] EWCA Civ 681: a significant dispute about the validity of deeds, the principle in Re Duomatic, and estoppel by deed.
  • Advising as to the impact of Brexit on the security of motor insurers.

Having been seconded to both the Financial Services Authority and the Pensions Regulator, Simon has an excellent understanding of how regulators approach cases. He has acted both for and against the targets of regulatory action, including in multi-jurisdictional cases.

Simon is frequently instructed as sole advocate in the High Court, County Court and Employment Tribunals. He also acts as part of larger counsel teams on long-running commercial litigation.

> view Simon's full profile



Related news:

Jan 2018 - Specialist Banking and Commercial Team Joins Quadrant Chambers


Jan 2019 – Quadrant Chambers Features Twice in The Lawyer Top 20 Cases of 2019