Euribor Trader unanimously acquitted. Amanda Pinto QC & Christopher Convey representing.

The trader was unanimously acquitted of one charge of conspiracy to defraud. Other defendants have been convicted of reference rate manipulation, including Christian Bittar, Philippe Moryoussef, Carlo Palombo and Colin Bermingham.

In the re-trial that started in January, Counsel for the SFO argued that the defendants worked together and with other traders at Barclays, Deutsche Bank AG and Societe General between January 2005 and December 2009 to submit “false or misleading” estimates to the process for setting Euribor rates.

The SFO’s probe into Euribor was part of an investigation launched in 2012 into interest rate manipulation that prompted an overhaul of rate-setting rules.

If you would like to find out more, or instruct Amanda or Christopher, please contact the Practice Directors.

Chambers Ranked as a Leading Set in the Legal 500 Directory, 2010

L500 recommended 2010

L500 recommended 2010

The Legal 500 Directory 2010 has now been published and recommends Chambers as a Leading Set in Fraud, Money Laundering and Asset Forfeiture. They say:

"Specialist commercial wrongdoing set 33 Chancery Lane moves up a tier this year. Andrew Mitchell QC is ‘a real heavyweight for the big cases and the even bigger clients’. He ‘never fails to be on the money in restraint and confiscation matters, is hugely reassuring and exudes class’. Richard Marks QC joins the table this year. Kennedy Talbot ‘pushes at the legislative boundaries and is always ahead of the game’. New entrants to the table this year are Simon Taylor, Ivan Pearce, Keith Mitchell and Graham Brodie. David Evans QC joined the set from QEB Hollis Whiteman."