View full CV

Practice Summary

Adam undertakes a broad range of commercial work, both litigation and arbitration.

Recent matters include:

Manchester Building Society v Grant Thornton (Commercial Court): c.£50m claim for professional negligence arising out of the hedge accounting treatment of certain interest rate derivatives raising issues of the scope of auditors’ duties and the SAAMCO principle, and legal causation (5 week trial in the Commercial Court [2018] EWHC 963 (Comm), 2 day Court of Appeal hearing [2019] EWCA Civ 40, further appeal due to be heard by the Supreme Court in May 2020).

Cyrus Opportunities Master Fund v Oceanwood Opportunities Master Fund (Commercial Court, Financial List): dispute concerning the validity of the exercise of a put option in relation to debt instruments (settled shortly before trial in October 2019).

Debussy & Ors v Solutus & Ors (Commercial Court, Financial List): acted for the special servicer and a receiver in relation to a dispute over the validity of various transactions concerning the Toys R Us Propco CMBS. The case raised issues of the duties of the special servicer and receiver, and whether the fair dealing rule applies (settled in 2019).

Agate v Banque Privee Edmond de Rothschild (Commercial Court): acting for an issuer and bank concerning the validity of a transaction to sell structured notes. Raises matters including Luxembourg UCITS law (ongoing).

Revenue and Customs Commissioners v MG Rover Group Ltd: dispute concerning which entity in a VAT group is entitled to bring claims for the recovery of overpaid VAT (7 day Upper Tribunal appeal [2016] UKUT 434 (TCC), 5 day Court of appeal hearing [2019] EWCA Civ 485).

Various other disputes concerning banking and finance contracts.

Various other professional negligence matters, including legal and due diligence advice, and in relation to the performance of receivers’ duties.

Adam was listed as one of the “Top Ten Under 8 Years’ Call for Commercial Litigation” by Legal 500 saying that he is “Very confident in his opinions and prepared to take a view” (2017) and “very bright and hardworking, and gets to grips with complex matters very well” (2018).