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Portrait ofRichard Bamforth

Richard Bamforth

Partner
Head of the CMS International Arbitration Group

CMS Cameron McKenna Nabarro Olswang LLP
Cannon Place
78 Cannon Street
London
EC4N 6AF
United Kingdom
Languages English, French, German
Commercial Disputes

Richard is a highly experienced commercial disputes lawyer.

He has a pragmatic, commercial approach to the resolution of disputes and his clients benefit from his advice and experience in formulating creative strategies at all stages of their disputes. In his 25 year career, he has represented clients in disputes across a wide range of sectors and spanning all the major jurisdictions.

Richard advises clients in bringing and defending claims for breach of contract, shareholder and corporate disputes, debt claims and asset tracing. His primary focus is the resolution of complex cross border disputes in the media, finance, energy and telecommunications sectors. He is currently acting for clients in the TMC, Real Estate, Lifesciences and Infrastructure sectors.

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"gets to issues quickly and deals with them – he is pragmatic and definitive because he really understands the issues."

Chambers 2017

Richard is described as having "experience leading challenging commercial disputes" and being "reliable and good with clients".

Legal 500 2016 and Chambers 2017

Relevant experience

  • Saad Trading and Financial Services Company and Maan Al Sanea on a number of pieces of high value High Court litigation against financial institutions and business counterparties.
  • A Central European based shareholder on a joint venture dispute before the Courts of an offshore jurisdiction over rights of access to information.
  • A high net worth individual on High Court proceedings against a financial institution in respect of foreign exchange transactions.
  • High Court appointed receivers on proceedings regarding the assets over which they are appointed, following the making of an arbitration award.
  • A US based food and drink wholesaler on a shareholder dispute over ownership of subsidiaries and licensing rights.
  • Essar Steel India Limited on High Court proceedings arising out of Indian debt restructuring process.
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Memberships & Roles

  • London Court of International Arbitration.
  • International Bar Association Arbitration Committee.
  • International Council for Commercial Arbitration (“ICCA”).
  • Arbitration Ireland.
  • Kuala Lumpur Regional Centre for Arbitration - arbitration panel member.
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Publications

  • Contributor to Lexis-PSL Arbitration (The Award: TMT Disputes 2016)
  • Insolvency and Arbitration (Insolvency Intelligence 2016)
  • Dallah v Government of Pakistan (IBA Arbitration News)
  • A Reasonable Opportunity to Present One’s Case (ASA Bulletin)
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Lectures list

  • 2016 - Arbitration and insolvency (CPD Cast).
  • 2014 - “The general duty of the Tribunal - recent judicial thinking” (ICC Annual Arbitration Conference).
  • 2011 - Arbitrator independence (Lexis Nexis Conference).
  • 2011 - Conflict & bias (Fountain Court Chambers Seminar).
  • 2011 - Independence and impartiality in Selecting Arbitrators (CPD Cast).
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Education

  • 1988 - Law Society's Finals, Bristol Polytechnic
  • 1987 - LLB Law, King's College, London
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International Arbitration

Richard specialises in international commercial arbitration, commercial litigation and alternative dispute resolution, with a focus on cross border disputes in the media, banking, finance, insolvency, energy and telecommunications sectors.

He has represented clients in arbitrations conducted under all the major institutional rules (ICC, LCIA, UNCITRAL) and other ad hoc arbitrations.  He also sits as an arbitrator (as sole arbitrator and as member of tribunals), appointed direct by parties and by the arbitral institutions, and is accredited as a mediator by the Centre for Effective Dispute Resolution (CEDR).  He regularly writes about and speaks on topics of current interest in the international arbitration world.

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"incredibly pragmatic" and someone "who gets to the issues very quickly and deals with them."

Chambers

"user friendly."

Legal 500

Relevant experience

  • A UK based provider of technical services on an ICC arbitration with a former CIS state arising out of a contract for the provision of digital television services in that state.
  • A European financial institution on a claim for breach of warranty arising out of the sale of a bank, referred to LCIA arbitration.
  • A leading UK media company on a licensing dispute conducted under the Rules of the European Court of Arbitration.
  • A commodities trading company on an ICC arbitration regarding the sale and delivery of minerals in Kazakhstan.
  • A Middle Eastern industrial group on an ICC arbitration in relation to default under derivatives trading contracts.
  • A major internet services supplier on an ICC arbitration regarding earn-outs due following an acquisition (including acting as advocate in a 7 day hearing).
  • An Internationally renowned supplier of technology goods and services on an ICC arbitration concerning the supply of a faulty product.
  • UK based media company on an LCIA arbitration regarding the termination of a contract for the supply of print services.
  • An investor in oil exploration ventures on an LCIA arbitration over drilling rights in the Middle East.
  • An Asian industrial conglomerate on an LCIA arbitration relating to exercise of pre-emption rights in shares in a telecoms company.
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Memberships & Roles

  • London Court of International Arbitration.
  • International Bar Association Arbitration Committee.
  • International Council for Commercial Arbitration (“ICCA”).
  • Arbitration Ireland.
  • Kuala Lumpur Regional Centre for Arbitration - arbitration panel member.
more less

Publications

  • Contributor to Lexis-PSL Arbitration (The Award: TMT Disputes 2016)
  • Insolvency and Arbitration (Insolvency Intelligence 2016)
  • Dallah v Government of Pakistan (IBA Arbitration News)
  • A Reasonable Opportunity to Present One’s Case (ASA Bulletin)
more less

Lectures list

  • 2016 - Arbitration and insolvency (CPD Cast).
  • 2014 - “The general duty of the Tribunal - recent judicial thinking” (ICC Annual Arbitration Conference).
  • 2011 - Arbitrator independence (Lexis Nexis Conference).
  • 2011 - Conflict & bias (Fountain Court Chambers Seminar).
  • 2011 - Independence and impartiality in Selecting Arbitrators (CPD Cast).
more less

Education

  • 1988 - Law Society's Finals, Bristol Polytechnic
  • 1987 - LLB Law, King's College, London
more less

Feed

01/03/2024
Deciphering dispute values in arbitration - A call for consistent reporting
Hypothesis: The total sum in dispute spiked and settled in line with arbitration caseloads[1]  In our first report exploring arbitration topics as part of our ‘data driven disputes’ campaign, we saw arbitration caseloads spike in 2020 and 2021 due to the COVID pandemic and other international geopolitical issues. The numbers have since settled back down. In this third report, we look at whether the Total Sum in Dispute[2] followed the same trajectory as the Arbitration Caseloads, with a spike in 2020 and 2021 before stabilising. We also considered whether the average value of an arbitration dispute (the Mean and Median Sum in Dispute) changed in response to those same global dynamics and, if so – how? Our starting point was to consider whether fire-fighting the effects of COVID-19 and the financial crisis may have forced many small and medium sized-en­ter­prises (with correspondingly small and medium-sized disputes) not to pursue arbitrations when they otherwise might have done. This could have artificially inflated the Mean Sum in Dispute for arbitrations registered in 2020-2021, given that only large and more financially stable organisations would be in a position to bring their typically (albeit not always) larger disputes. In the process of testing our hypotheses, we discovered that there was a noticeable lack of data on disputes values published by arbitral institutions, and where data is available, there is a significant lack of uniformity in terms of what is reported and how it is reported. In our view, this is a cause of concern, as institutions should be striving for transparency and accountability, not only as an end in itself, but also to helps arbitration users when selecting an institution to administer their disputes. Greater transparency would also allow institutions to consider global trends and identify how best to position themselves and their services. Research and methodology In order to conduct our analysis, we carried out desk research and qualitative interviews: Trajectory of total sum in dispute vs arbitration caseloads – regional disparities As noted above, there was a significant discrepancy in the amount of data that was publicly available in relation to the Total Sum in Dispute as compared with the institutions’ caseloads. However, we did observe that despite the overall increase in arbitration caseloads globally, the Total Sum in Dispute did not follow the same trend globally, only in Europe. As shown in the graph below, most of the major European institutions saw the Total Sum in Dispute increase (for instance, the ICC’s Total Sum in Dispute increased from USD 37bn in 2017 to USD 101bn in 2022). However, in the APAC region, the statistics show an overall decline in the Total Sum in Dispute over the past five years (with the exception of CIETAC, which consistently saw growth over the last five years from USD 10 bn to USD 17 bn, save for a slight dip in 2020). Given that APAC was the best performing market in terms of the number of arbitrations filed in 2022, one might have expected a correlating increase in the Total Sum in Dispute. However, as shown on the graph below, both SIAC and HKIAC, the two major institutions in APAC, did not see any significant growth in the Total Sum in Dispute overall. The SIAC did see a spike in 2019-2020, and this may be due to increased cases as a result of the COVID-19 pandemic, which has since stabilised. Unfortunately, there is not enough data available from institutions from other regions to discern a trend in terms of dispute values outside of Europe and Asia. The ICDR-AAA publishes data on Total Sum in Dispute and this has been fluctuating, at USD 8.2bn in 2018, dipping to USD 4.8bn in 2019, increasing to USD 6.1bn in 2020, and dipping to USD 4.2 bn in 2022. Largest players In terms of arbitral institutions with the highest dispute values, ICC is at the top of the table with a Total Sum in Dispute of US$ 37 bn – US$ 112 bn over the period 2017 to 2022, followed by CIETAC with US$10.11 bn – 17.85 bn over the period 2017 to 2022. ICDR, DIS, HKIAC, and SIAC make up the next category of institutions, with Total Dispute Values falling in the US$ 4bn – US$ 8bn range over the period 2017 to 2022. Most other institutions have a Total Sum in Dispute Value of US$ 2bn or less, such as SCC, VIAC and SAC. Impact on SMEs and average dispute values Only five of the institutions that we analysed report the Mean Sum in Dispute, while only two report the Median Sum in Dispute. Due to the scarcity of data on the Mean or Median Sum in Dispute, we were not able effectively to test our second hypothesis on whether average dispute values did indeed spike alongside caseload numbers in 2020/2021 and then settle back down. However, in APAC, the fact that (a) there was an increase in case numbers and (b) the Total Sum in Dispute declined suggests that the Mean Sum in Dispute in APAC fell, contrary to what we hypothesised. Scarce and inconsistent data on dispute values As is evident from our analysis above, our ability to identify trends around dispute values has been limited by the fact that many arbitral institutions do not publish data on dispute values, and where such data is publicly available, there is a lack of consistency across institutions in how this data is reported. Most institutions that publish data on dispute values provide the Total Sum in Dispute[3], a handful provide a breakdown of those administered by the institution[4] and some include counterclaim amounts[5]. Some institutions only report on the Median Sum in Dispute[6], while others indicate the percentage of cases within different ranges[7]. Only five of the institutions we analysed report the Mean Sum in Dispute[8], whereas only two report the Median Sum in Dispute[9]. Bodies such as the International Federation for Commercial Arbitration Institutions[10] are exploring the possibility of institutions harmonising the way they arrive at and report their statistics. Such standardisation would certainly help users, though it does not yet seem to have gained much traction with the arbitral institutions. A call to action for arbitral institutions The broader conclusion from our analysis is that institutions should strive towards greater transparency and consistency in reporting the Total, Mean, and Median Sum in Dispute, as well as the general spread of cases.
04/12/2023
International arbitration law and rules in England and Wales
There is a notoriously high hurdle to overcome in order successfully to challenge an arbitration award under English law. In figures published by the Commercial Court in 2018, 112 challenges were brought...
14/11/2023
How sector preferences shape international arbitration
Hypothesis: The Energy and Construction sectors dominate in international arbitration On the international arbitration stage, the energy and construction sectors have long held the spotlight. With their complex, high-value contracts and cross-border transactions, which often involve a political element, disputes in these sectors are well suited to adjudication by a neutral, international arbitral tribunal.  In this second report in a series of data sheets exploring arbitration topics as part of our ‘data driven disputes’ campaign we take another deep dive into the data to investigate whether our hypothesis was the whole “sector story”. Adopting a global perspective, we analysed institutional data to identify which sectors have experienced a surge in arbitrations, which have fallen by the wayside, and we queried whether specific regions have become arbitration hotspots for particular sectors. We also spoke to the institutions about which sectors they anticipate to be areas of growth in the coming years.    Research and methodology In order to conduct this analysis, CMS carried out desk research and qualitative interviews: Results The data clearly showed that, whilst energy and construction remain dominant in the arbitration world, that dominance is not universal. Indeed, other specific sectors are increasingly prominent for certain arbitral providers. For example, whereas construction takes the top spot in Dubai, the ICDR in the U.S. has seen an increase in technology arbitrations. Meanwhile HKIAC is enjoying a FinTech boom and Japan is seeing a gaming surge.  Various factors are likely to be behind this. The regions in which the institutions are based are likely to be relevant; construction has seen significant growth in the Middle East due to tourism and foreign investment, while in contrast the gaming industry is thriving in Japan, home to some of the biggest names in the sector.  Reputation and track record remain key. Banking and finance parties, for example, continue to look to the LCIA in light of its history of dealing with high-value and complex financial disputes. Customised rules also play a part; the ICDR’s tech­no­logy-spe­cif­ic clauses allow tech companies to tailor their arbitration process to suit the subject matter of their contract.  Looking to the future, there appears to be a cross-regional expectation that green energy cases will account for a significant number of disputes in due course. As we determined in our first report, there is clear scope for more specialist centres to emerge, with these centres coexisting with the more generalist institutions. We consider below how the existing institutions may try to adapt and evolve as a result.  Technology and AI Several of the institutions that we spoke to highlighted Technology as a sector that had experienced a recent uptick in cases and one that they expected to experience continued growth. The Vienna International Arbitration Centre (VIAC), for example, has seen ‘Technology’ knock ‘Commercial Contracts’ from the top spot, with 29.7% of cases relating to the Technology sector in 2022. Similarly, Technology is now number one for the International Centre for Dispute Resolution (ICDR) in the U.S. Interestingly, despite the extent to which the benefits, risks and regulation of artificial intelligence (AI) is currently dominating the public discourse, only one institution (the Korean Commercial Arbitration Board (KCAB) International) specifically highlighted AI to us as an area in which they anticipated seeing future disputes. KCAB International described the work they are doing internally to ensure they are up-to-speed on the developments for their consumers. We consider the approach of the institutions to AI in more detail in a future edition of this report.  
31/10/2023
CMS at the Seoul ADR Festival
Emergency arbitration: No longer a novelty but is it effective?
27/10/2023
In overturning USD 11 billion award for fraud, High Court invites discussion...
On 23 October, in The Federal Republic of Nigeria v Process & Industrial Developments Ltd. [2023] EWHC 2638 (Comm), Mr Justice Robin Knowles found that an arbitration award for USD 11 billion had been...
24/10/2023
International arbitration trends - What the data says
As a leader in dispute resolution, CMS has conducted a data-driven project to assess whether the number of arbitrations is decreasing and if there are trends that can be identified in this type of dispute resolution. We are publishing our findings in a series of six data-driven articles.
19/10/2023
Arbitration is surviving and thriving - don't believe everything you hear
Hypothesis: The number of arbitrations is decreasing In recent years the arbitration press and conference circuit has spent much time reflecting on whether there has been a reduction in the number of arbitrations being filed. If true, such a trend would have major implications for commercial parties who would usually choose to include arbitration agreements in their contracts – as well as dispute resolution lawyers across the board – and would raise the question as to what forum parties are choosing instead. They may choose different institutions or seats of arbitration or may even move away from arbitration as their preferred forum for dispute resolution. The importance of this possibility led to CMS conducting its own investigation to test if this hypothesis is true. Are there trends? Has there been a decline in the numbers of arbitrations being filed? This is the first in a series of data sheets to explore this, and related topics, in detail. Research and methodology In order to conduct this analysis, CMS carried out desk research and qualitative in­ter­views:Al­though in recent years some institutions reported slight dips in the numbers of registered arbitrations, these have not been hugely significant and do not appear to indicate any long-term trends. The falls generally have been attributed to numbers settling back after spikes in 2020 and 2021 related to the COVID pandemic and other international geopolitical issues. Overall case numbers reached a peak of 8,200 cases in 2020 across our sample of institutions, falling back slightly to 7,800 in 2022, still comfortably above the 6,600 seen in 2017. 
07/09/2023
Law Commission issues final report on Reforms to Arbitration Act 1996
On 6 September, the Law Commission of England and Wales released its final report on the Arbitration Act 1996 (the “Act”). The report is the culmination of over two years of review, including two...
05/09/2023
CMS Disputes 101 - Autumn Webinar Series 2023
CMS’ popular Disputes 101 annual webinar series returns in Autumn 2023. This series will take place over 11 weeks, every Tuesday from 5 September – 28 November at 2pm - 3pm. Partners and associates...
26/06/2023
International Disputes Digest - 2023 Summer Edition
We are pleased to present the summer edition of the International Disputes Digest, our bi-annual publication bringing essential news and analysis on the latest trends in dis­pute-res­ol­u­tion around the world. There are many crises and problems that continue to complicate global business. These include inflation, particularly in the energy sector, as the EU and other regions struggle to wean themselves from Russian natural gas and oil. There is also the US debt crisis, which has weakened international confidence in the economy and distracted Washington from pressing issues, such as its relationship with China and the on-going war in the Ukraine. We hope that the articles in this digest provide readers with the know-how and tools to help them resolve any disputes or setbacks they may face. In this edition, we feature a range of articles from around the world on topics such as ESG litigation, the financial impact of cyber-attacks on businesses, post-merger disputes, the use of arbitration in resolving M&A-related issues, and how disputes can be managed in digital trade transactions. We also explore the reasons behind a wave of class action lawsuits in Portugal, the influence of personal relationships among arbitrators on disclosure, recusal, or appeals, and the 'without prejudice' principle, amongst other matters. We hope that you enjoy reading these articles and please do not hesitate to contact us should you wish to discuss any issues in relation to them.  
05/05/2023
Serious irregularity: English High Court reaffirms high bar for challenging...
The English High Court has considered the scope of challenges to awards for serious irregularity on the ground that the arbitral tribunal failed in its duty to act fairly. The Court held that there was...
29/03/2023
Join CMS at the Paris Arbitration Week
CMS session followed by drinks reception