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Portrait ofTom Dane

Tom Dane


CMS Cameron McKenna Nabarro Olswang LLP
Cannon Place
78 Cannon Place - Cannon Street
United Kingdom
Languages English, Spanish

Tom is a partner and leads the Finance Disputes team in London.

Tom has over 15 years’ experience of litigating high value and complex disputes with a particular focus on banking and finance disputes. Tom is ranked as a leading individual for banking litigation in the legal directories.

In 2017, Tom was seconded to a large UK bank where he worked on a range of high profile matters including a substantial remediation scheme, follow on litigation against the bank and parallel regulatory investigations, together with more “business as usual” claims.

Tom regularly handles large scale cross-border disputes involving High Court proceedings or international arbitration. Tom also acts for international and domestic insolvency practitioners in pursuing claims on behalf of insolvent estates. Since becoming a partner in 2011, Tom has strong experience of working on contentious insolvency matters; civil fraud claims; joint venture disputes; claims regarding directors duties; and applications for interim remedies including freezing injunctions.

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Tom Dane is ranked as a leading individual for banking litigation and described as an “excellent litigator”

Legal 500, 2020

Tom Dane is recommended and “brutally efficient”.

Legal 500, 2017

"Strong litigator who is highly responsive and excellent with the business: a good person to have on your side in a dispute."

Chambers 2014

Relevant experience

  • UK bank in defending a £300m claim brought via Commercial Court proceedings.
  • Board of directors of an issuer of a USD 30 million Initial Coin Offering regarding a potential group action by claimant investors.
  • Turkish company and directors in relation to Commercial Court proceedings brought by eleven hedge funds alleging deceit in relation to a USD 200 million bond issue.
  • International bank in relation to an expert determination.
  • Liquidators of a UK company in relation to multi-million pound claims against former directors.
  • Investment bank in relation to a Stockholm Chamber of Commerce arbitration.
  • Russian clients in relation to a dispute arising from the multi-million dollar financing of a diamond business (Commercial Court trial and LCIA arbitration).
  • High net worth individual in relation to a dispute regarding multi-million dollar loan agreements and a family trust involving parallel proceedings in England, BVI, St Kitts & Nevis and St Vincent & Grenadines.
  • UK based wealth management company in defending various claims advanced by high net worth clients.
  • Public limited company in relation to an investigation by the Insolvency Service.
  • Various banks on disputes arising from commercial and retail banking operations such as remediation programmes, breach of mandate claims, and defending claims involving allegations of mis-selling and fraud.  Tom has been seconded full time as a partner to a major UK bank and so has good knowledge of the inner workings of financial institutions.
  • Financial institution in relation to its claim for over EUR 14 million against a German listed entity relating to commission due for introducing a significant hedge fund investor.
  • US Government Agency in relation to securing over USD 100 million of assets held in London financial institutions as a result of alleged cyber hacking perpetrated by European defendants in support of ongoing US legal proceedings.
  • The Swiss liquidators of the Petroplus Group on numerous English law issues arising out of a USD 2 billion facility agreement and the cross-border insolvency of the group, including pursuing claims before the English High Court.
  • Italian bank in relation to its claim against another bank for mis-selling a EUR 50 million structured note which included exposure to the first loss tranche of a synthetic CDO.
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  • 2000 – LPC, Nottingham Law School (Distinction)
  • 1999 – LLB, University of Nottingham, Nottingham
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Supreme Court decides that a victim of APP fraud cannot bring a claim against...
In a much-anticipated judgment handed down on 12 July 2023 (Philipp judgment), the Supreme Court has decided that an individual customer that makes a payment pursuant to an APP fraud cannot bring a claim...
Banking Disputes Report 2022
This report looks at dispute resolution trends in the Banking and Finance sector with a focus on activity across the English courts; key ar­bit­ra­tion in­sti­tu­tions; and alternative dispute resolution...
Supreme Court strikes out £116 million claim for breach of Quincecare duty...
The UK Supreme Court has handed down its judgment in Stanford International Bank Ltd (In Liquidation) (Appellant) v HSBC Bank PLC (Respondent) [2022] UKSC 34, striking out a significant claim (£116m)...
Banking Disputes webinar - Data driven analysis and trends
Join our Finance Disputes team on Wednesday 5 October as they provide an overview of their findings and summarise the key parts of their recently published “Banking Disputes Report 2022”.    The...
Securities litigation – cometh the hour!
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Securities litigation – cometh the hour!
We now have the long-awaited decision of Mr Justice Hildyard in Autonomy & ors v Michael Richard Lynch & anr [2022] EWHC 1178 (Ch). The judgment is long and deals with a multitude of issues. This article...
Securities litigation - meaning of "persons discharging managerial re­spons­ib­il­ity"...
Introduction In a recent decision the English High Court has clarified the meaning of “persons discharging managerial re­spons­ib­il­ity” for the purposes of establishing liability under s.90A/Sch 10A...
Court of Appeal decides that, in principle, banks can be liable to an individual...
In a judgment handed down on 14 March 2022 (Philipp judgment), the Court of Appeal has decided that it is at least possible in principle that a relevant duty of care could arise in the case of a customer...
Competition & Markets Authority loses consumer redress test case
CMS has successfully defended care home provider, Care UK, in an important consumer redress test case pursued by the Competition & Markets Authority (CMA). The High Court judgment has wide implications...
LIBOR litigation: High Court confirms that a claimant must be “aware” of...
In the latest case involving a claim for mis­rep­res­ent­a­tion arising from the LIBOR scandal, the High Court has set a high bar for a successful mis­rep­res­ent­a­tion claim, in what is a helpful decision for...
Finance Disputes: latest developments and upcoming issues
Our Finance Disputes panellists will look at three key risk areas in relation to the world of finance. This session is suitable for all attendees whether you work in the financial services sector or not:Cryptoassets:...
The FinCEN Files: the latest financial scandal or storm in a teacup?
What are the FinCEN files? The Financial Crimes Enforcement Network (“FinCEN”) is a branch of the US treasury that aims to combat financial crime. The ‘FinCEN files’ refers to an apparent leak...