Torys’ Trade Finance Litigation Practice Group advises and represents members of the international banking and finance community, as well as exporters and importers, in the resolution, avoidance and mitigation of claims and disputes that arise in cross-border financings and the underlying commercial transactions. We bring to trade finance claims and disputes our extensive expertise in trial litigation, appellate litigation and arbitration.
In recent cases, we have represented
- a U.S. financial services company in a lender liability suit by a Latin American manufacturer
- a U.S. financial services company in its claim on defaulted promissory notes against a Mexican steel manufacturer
- an international construction company in the defence of a claim by a project lender (a consortium of six foreign banks) under a performance guarantee related to a contract for the construction of a waste-to-energy plant in the United States
- a Swiss finance company against a Brazilian bank concerning defaulted guarantees of financing of Brazilian imports
- a Swiss bank in litigations and arbitrations in the United States and Hong Kong in the recovery of US$36 million lost in a fraudulent transaction in the trade finance markets
- an Austrian bank in the United States and in Vienna in defaulted instruments purchased and resold in the secondary trade finance markets
- a U.S. bank against a Chinese bank in connection with defaulted bankers' acceptances and claims of fraud