Olivia Chaffin-Laird

Viewing: Banking Finance and Financial Regulation for Olivia Chaffin-Laird

Banking and financial disputes constitute a major part of Olivia’s practice. She has acquired significant experience in the financial services sector acting for large groups of investors who have received negligent financial advice and who have been financially devastated as a result of collapsed funds and schemes.
Olivia has uncompromising standards and is utterly committed to her cases, her conscientious approach is well suited to complicated finance, fraud and deception cases. She is recognised for her meticulous preparation and attention to detail, combined with thorough and tenacious advocacy and yet retains a down to earth and pragmatic approach to both people and their disputes.
She has developed the ability to digest complex reports as well as detailed financial statements and enjoys the challenge of explaining difficult issues in terms acceptable to, and understandable by, her client. She provides a clear, analytical approach with a degree of pragmatism. She appreciates that where there are implications for directors both advice and case management must be robust.
She has been regularly instructed in multi-party litigation against individuals, banks and other financial institutions both in the UK and overseas on behalf of investors seeking recompense following breach of contractual obligations, illegal or negligent advice.
She has in depth experience in a wide variety of failed funds and investments including Harlequin, Sustainable Growth Group in Cambodia, Alpha Bank, Cyprus, Unregulated Collective Investment Schemes and Ready2Rent/Ready2Invest in Croatia, Bulgaria and Montenegro.
Olivia is frequently instructed in cases of varying sizes and degrees of complexity, both on her own and as part of a larger team. They are often high value and high stake.
Recent instructions include:
- for multiple investors [960] in property development overseas through the Harlequin Scheme following negligent advice in the UK leading to investment in property in St Vincent and the Grenadines, Barbados, the Dominican Republic and St Lucia;
- for 38 investors in a scam in the UK whereby they were sold parcels of land with planning permission when in fact the owner did not have title to the land, planning permission had not been obtained and in any event the plots were landlocked with no access;
- for investors in a development in Spain against their UK lawyers who encouraged them to part with funds before having satisfied themselves the seller had good, unencumbered title when it subsequently transpired there were two undischarged mortgages against the property and the vendor being unable to satisfy those liabilities;
- for hundreds of investors in response to a claim brought against them by Alpha Bank, Cyprus following investments in property in Cyprus. The claim included allegations of professional negligence against their professional advisers in the UK, for negligence and conflict of interest against their appointed lawyers in Cyprus and allegations of fraudulent documentation;
- provided advice to investors following their receipt of negligent advice before investing through SGG in jatropha seeds in Thailand;
- advised multiple investors following negligent advice to invest in an unregulated collective investment scheme, namely property in Croatia, Bulgaria and Montenegro via Ready2Rent/Ready2Invest. The claim also included a claim against the company charged with managing and overseeing the investment;
- acting for a banker alongside his employer, a bank in Dubai and Switzerland, and solicitors, both as a firm and individually, in a 9 week trial following the claimant being duped to invest 100million euros. The claim gave rise to arguments concerning money laundering, breach of trust, dishonest assistance, professional obligations of solicitors and fiduciary duties of banks and their employees;
- acting for a company in their claim against RBS following negligent and fraudulent advice from RBS to enter into products that were neither suitable nor appropriate as defined by COBS.
She was on the panel of nominated counsel for risk warning, an organisation which aims to assist investors that have been wronged and further seeks to attempt to clean up the industry for financial services along the way.
She has experience of mediation including those requiring concise financial arguments in order to support settlement proposals.
Recommendations
Impresses with her performance in cases concerning contractual disputes, professional negligence, construction and finance. She is praised for her breadth of expertise and business-minded approach. Her diverse clientele includes investors, bankers and company directors, among others. "She is very technical and very thorough."
Chambers UK 2019
‘Highly experienced in financial disputes.’
Legal 500 2019
"She's very user-friendly and technically excellent." "Clients really like her - she's a practical lawyer who provides good commercial advice."
Chambers UK 2018
"Olivia Chaffin-Laird impresses with her performance in cases concerning contractual disputes, professional negligence, construction and finance. She is praised for her breadth of expertise and business-minded approach. "She cuts to the chase and is extremely commercial” "She works extremely hard and presents her cases well”
Chambers UK 2017
"Very knowledgeable about the law but also very commercial. She gives you a balanced view." "She's a fighter and doesn't give up."
Chambers UK 2016
Notable Cases
London Executive Aviation Ltd v Royal Bank of Scotland Plc [2017] EWHC 1516 (Ch)
(1) Group Seven Ltd (2) Rheingold Management Inc v Ali Nasir & 9 Ors : Equity Trading Systems Ltd v Notable Services LLP & 7 Ors [2017] EWHC 2466 (Ch)
Appointments
January 2013: Junior Counsel to the Crown Chancery, Commercial, Insolvency
January 2008: Treasury Counsel in the Midlands Chancery, Commercial, Insolvency, Property
Memberships
Midlands Chancery and Commercial Bar Association [MCCBA]
Commercial Bar Association [COMBAR]
Technology and Construction Bar Association [TECBAR]
Qualifications
LLB Europe with French
Universite de Montpellier – Diplome de droit francais fondamentale