ALASTAIR HOPWOOD’s practice is focused on complex commercial litigation, arbitration and contentious regulatory work, including cross-border investigations. Alastair acts primarily for clients in the banking, financial services, insurance and reinsurance sectors in relation to matters which are often multi-jurisdictional.
Alastair’s litigation experience includes acting for clients in disputes before the English High Court, Court of Appeal and Supreme Court, as well as in off-shore jurisdictions such as Bermuda. Alastair has also acted in respect of arbitrations pursuant to a range of institutional and ad hoc rules, including LCIA, UNCITRAL and ICSID. Alastair has also advised on the registration of foreign arbitration awards in the English courts as a precursor to enforcement and has experience of applying the provisions of the New York Convention in relation to the enforcement of foreign arbitration awards in England. Alastair also has experience of the resolution of disputes by way of mediation and adjudication.
Representative matters include acting for:
- A committee of note-holders in structured finance litigation arising from the bankruptcy of Lehman Brothers before the English High Court, Court of Appeal and Supreme Court, which centered on the meaning of balance sheet insolvency (BNY Corporate Trustee Services Ltd & Ors v Eurosail-UK 2007-3BL PLC & Ors  EWHC 2005 (Ch);  EWCA Civ 227; and  UKSC 28).
- A Bermudian reinsurance investment vehicle with respect to a proprietary tracing claim before the Bermuda Supreme Court arising from the posting of collateral of approximately US$450 million to Lehman Re, Ltd prior to the Lehman Brothers bankruptcy, and related interim applications, including whether an implied duty of confidentiality given by a party in receipt of documents disclosed may be waived by the court such that the documents can be used in foreign proceedings (In the Matter of Lehman Re, Ltd  SC (Bda) 44 Com (September 20, 2011)).
- An insurance claims manager in respect of a claim for damages following the termination of a claims management contract and counterclaim for alleged professional negligence (C&S Associates UK Ltd v Enterprise Insurance Company Plc  EWHC 3757 (Comm)).
- A company subject to restructuring in Kazakhstan in multiple adjudications before an LCIA appointed adjudicator in respect of various creditor disputes.
- A Bermudian reinsurer in arbitration proceedings regarding the correct interpretation of an Offshore Energy Insurance Loss Warranty Policy, in particular whether a waiting period in an underlying energy insurance policy should be ascribed a monetary amount for the purposes of calculating whether certain offshore energy losses exceeded a trigger of US$1 billion, thereby resulting in payment under a reinsurance policy.