Patrick Selley

Bank Guarantee & Financial Dispute Specialist

Personal / Bank Guarantees

Financial Services

Banking Disputes

Fraud

Professional Negligence

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Patrick Selley

Patrick Selley

Solicitor

Patrick is an experienced commercial litigator who has taken many cases to trial in the High Court and the Court of Appeal. Patrick strongly believes in using flexible approaches to dispute resolution; he is a qualified mediator and a Fellow of the Chartered Institute of Arbitrators. Previously, Patrick has conducted professional negligence defence work, but he now acts for claimants, particularly against solicitors and financial advisers.

Patrick was admitted as a solicitor in the UK in 1983 and in Hong Kong in 1986.

Patrick is a keen exponent of mediation from the outset having been a director of ADR Net and, with Bond Pearce, a branch founder of the Centre for Mediation in the 1990’s. Trained with both CEDR and ADR Net Patrick has successful experience of many mediations both as mediator and advocate. In addition to his work as a litigator and a mediator, Patrick also runs mediation training courses for non legal professionals.

  • Acting for a bio plastics manufacturer in a claim in the European General Court against the European Parliament, European Commission and council of Europe for damages of many millions in respect of the EU’s alleged failure to follow proper procedure in passing a Directive, wrongfully appearing to ban certain plastics that are harmless to the environment.
  • Successfully acted for an individual in setting aside a Statutory Demand for £46 million in respect of a claim on a personal guarantee that he was wrongfully induced to sign over the indebtedness of a company constructing an anaerobic digestion plant.
  • Acting for French magazine group in securing payment from guarantor of joint venture project for establishing national roll out of hair salons.
  • Acting for a group of investors who were negligently (if not fraudulently) advised to invest substantial sums in Loan Notes in environmental start up companies on the basis that they were “low risk”.
  • Represented two investment funds in London based arbitration involving complex allegations of asset misappropriation in offshore property investment fund. The professional team involved many different experts and legal teams across three continents as well as related litigation in US and Asia.
  • Successfully acted for claimant in professional negligence action against solicitors who had given advice in connection with litigation concerning a shareholders’ agreement in London property development company.
  • Advising Singapore based investor on remedies available for misrepresentation concerning proposed investment in UK company.
  • Acting for clients who were persuaded to give personal guarantees over debts of companies, owned by relatives that had obtained loans from lenders connected with Nationwide Corporate Finance Ltd. and Blue Rock Secured Finance Ltd.
  • Advising a group of six international IFAs in respect of potential liabilities arising from clients’ investments into collapsed Bermuda-based collective investment funds.
  • Advising an international IFA on the consequences of a significant data breach by a former Appointed Representative and resolving the underlying dispute.
  • Advising IFAs in respect of claims for negligent advice when scope of instructions was ‘execution only’.
  • Acted for an international trading company in a three-week trial in the Chancery Division in a dispute with its bank concerning representations made by the bank’s chairman. The case involved the interpretation of assurances given to the business by the chairman, their meaning and effect, and the bank’s entitlement to offset multi-currency accounts and a counterclaim for damages caused to the business as a result of the bank’s misrepresentation.
  • Acted for a consortium of medical practitioners who had entered into a joint venture with a multinational private healthcare provider. Successfully defended a very substantial claim by the joint-venture partner against the medical practitioners in respect of personal guarantees they had given by invoking a counterclaim for breaches of the joint-venture agreement, shareholders’ agreement and management agreement.
  • Successfully set aside a number of statutory demands for directors of a property development company where the bank had unilaterally decided to cease lending in respect of a London-based property development and proceeded to “manufacture” breaches of the financial covenants in the underlying facility documentation as a pretext for withdrawing the loan and calling on the personal guarantees.
  • Acted for a paint distributor High Court and Court of Appeal dispute with supplier. Fearns (t/a Autopaint International) v Anglo-Dutch Paint & Chemical Company Ltd. & Ors, Court of Appeal – Civil Division, February 19, 2008, [2008] EWCA Civ 99
  • High Court action for Shareholders of IFA company in dispute with third party over validity of introducer’s fee for corporate acquisition
  • Acted for Allied Dunbar (Zurich) and successfully enforced at trial a restrictive covenant contained in practice buy out agreement against outgoing adviser
  • Numerous professional negligence actions defended at trial
  • Successfully mediated a claim for an IFA whose career had been ruined by an act of medical negligence and solicitors had failed to issue in time. Involved reconstructing potential IFA lifetime earnings
  • Acted for Lloyd’s agency in reinsurance arbitration concerning denial of cover on whole account excess of loss policy involving asbestos risks
  • Acted for ship owners in leading case concerning equitable set off from charter hire

Testimonials

“Patrick has been the legal adviser for my various business interests for over 15 years. At all times he has been a source of professional and indeed excellent advice, enabling me to focus on my business interests with the security of knowing that all legal matters have been properly dealt with. Where unforeseen matters arise, he has provided legal solutions promptly and skilfully. He will readily admit if something is not within his area of expertise and find the right person to assist with a given problem. Without any hesitation, anyone seeking legal advice should ensure Patrick is the first and only lawyer they speak to.”

Hugh Beaumont
Jordan Buchanan

Contact

Patrick Selley. Keystone Law, 48 Chancery Lane, London, WC2A 1JF.

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