Sion Richards

Partner

Sion Richards' practice concentrates on the areas of finance litigation, fraud litigation, and contentious insolvency and restructuring. He has substantial experience advising major banking institutions, asset-based lenders, investment funds, and leading insolvency practitioners. His caseload has ranged from multinational fraud claims in multiple jurisdictions, acting primarily for defrauded financial institutions and officeholders of the relevant companies, to advising on litigation tactics and other issues arising in the context of restructurings, insolvencies, and distressed facilities, including various structured products.

Sion's recent experience includes advising: the board of Langbar International Limited, an AIM-listed company believed to have assets in excess of $600 million, on matters arising out of the fraud that has been perpetrated; the administrators of Weavering Capital (UK) Limited, the failed hedge fund manager, on various insolvency and litigation issues; the Antiguan liquidators of Stanford International Bank Limited; a security trustee and collateral manager, in the context of a back-to-back total return swap transaction in which tainted funds were received that emanated from the fraud perpetrated by Marc Dreier; Standard Bank Plc in the Commercial Court and Court of Appeal in proceedings arising out of a cotton trade finance facility; and XL Leisure Group, the U.K.'s third largest tour operator, on the appointment of administrators.

Sion lectures extensively on fraud and contentious insolvency and restructuring issues.