Our People

Expertise

Richard is a partner in the Litigation & Dispute Resolution Group with wide ranging experience in banking and financial services, professional negligence and shareholder litigation as well boardroom disputes and investigations.

Experience

• Acting for First Active plc and Royal Bank of Scotland group, in defending multiple linked proceedings brought by The Cunningham Group (Moorview Developments Limited & Ors. v. First Active plc & Ors.) involving claims in excess of €150 million arising out of First Active’s appointment of a receiver to various companies within the group as well as recovery actions against the borrowers. The proceedings have included successful applications on behalf of First Active for non-suit at the end of the Cunningham Group’s evidence after which judgments in excess of €60 million were secured against various parties as well as  fixing a third party (director of the Cunningham Group) with the costs of the proceedings - the first time that such a finding has been made by an Irish Court.
• Acting for Anglo Irish Bank in all proceedings (Commercial Court) to enforce its security against the Fordmount Group and its shareholders, and in the defence of related litigation. The actions resulted in the largest judgment ever (€86.5 million) in Ireland against an individual being secured and total judgments of €170 million.
• Successfully resisting Commercial Court summary proceedings commenced by a fund shareholder for the recovery of redemption payments allegedly due following the fund’s suspension of redemptions in the aftermath of the fraud perpetrated by Bernard Madoff.
• Advising on the investigation by IFSRA into foreign exchange issues at a major Irish bank.
• Acting for a major accountancy firm in the defence of a professional negligence claim brought by a Cayman Island insurer in which damages of in excess of $60 million were sought.