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, in its successful recovery actions against former directors and shareholders arising out of the largest fraud to have hit the AIM market; the administrators and liquidators of Weavering Capital (UK) Limited, the failed hedge fund manager, on various insolvency and litigation issues arising out of the collapse of its $500 million fund; Standard Bank Plc in its successful $150 million claim against Sheikh Mohamed Bin Issa Al Jaber, 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; ESO Capital in its €50 million project refinancing dispute; and the Antiguan liquidators of Stanford International Bank Limited on its recognition proceedings in Switzerland.

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