Liz Gloster had a high-profile City practice as a QC at the Commercial and Chancery Bars, specialising in corporate, insurance and reinsurance, energy and insolvency/reconstruction cases. For example, she acted for the Secretary of State in the disqualifications of the Barings directors, the Blue Arrow directors, and Terry Venables, as director of Tottenham Hotspur. She acted as leading counsel for the Inland Revenue in a number of complex anti-tax avoidance cases and acted for creditors and/or office holders in cases arising out of major international insolvencies such as: Barlow Clowes, Maxwell, Canary Wharf (Olympia & York), Heron, Garuda Airways, Enron, Telewest, Parmalat, Marconi, TXU, Barings etc. She acted as counsel in major international arbitrations involving oil and gas industry disputes in Russia, the US and elsewhere, as well as in insurance and reinsurance disputes. She appeared in corporate and insurance insolvency cases in the Supreme Court of Bermuda, including: Stena v Sea Containers, EMLICO, and Bermuda Fire and Marine. As well as sitting (part time) as a Deputy High Court Judge of the Commercial Court and the Chancery Division, she sat (part time) as a member of the Courts of Appeal of Jersey and Guernsey. She was a non-executive director of the Civil Aviation Authority.
Liz accepted an appointment as a High Court Judge, Queen’s Bench Division, in 2004, when she became the first woman to be appointed as a Commercial Court judge. She presided over numerous important commercial and financial markets cases, including JP Morgan Chase Bank & Ors v Springwell Navigation Corporation and the notable Berezovsky v Abramovich trial. She was Judge in Charge of the Commercial Court from 2010-2012 and oversaw the important move of the Court into the Rolls Building.
She was appointed to the Court of Appeal in 2013 and was Vice-President of the Civil Division of the Court from 2016 until her retirement in 2018. As a Lady Justice, she sat on numerous important commercial and Chancery cases, ranging from capital markets, arbitration, shipping, insurance, tax, and insolvency to LIBOR fixing. These included LBG Capital No. 1 Plc v BNY Mellon Corporate Services Limited, Burlington Loan Management Ltd & Ors v Lomas & Ors (a Lehman case), British Airways Plc v Emerald Supplies Limited & Ors, and Gard Marine v China National Chartering Co. Ltd.
Having retired from the Court of Appeal, she has returned to Chambers to practise as an arbitrator from 4 June 2018. She is Treasurer of the Inner Temple for 2018 and an Honorary Fellow of Girton College, Cambridge and Harris Manchester, Oxford. She is Patron of the London Branch of the CIArb.
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