Administrative and Public LawBanking and Financial Markets LitigationCivil Fraud, Asset Tracing and RecoveryCommercial LitigationCompetition LawConstruction and Engineering DisputesContentious Trusts, Estates and Private Wealth DisputesGroup Action LitigationInsolvency LitigationInsurance and Reinsurance LitigationInternational ArbitrationInvestigations and White Collar CrimeProduct LiabilityProfessional Negligence LitigationToxic Tort and ESG
Founded in 2012, Signature Litigation has grown into one of London’s pre-eminent specialist dispute resolution practices. From the outset, we set out to do things differently: a conflict-free, disputes-only platform designed to give clients the undivided focus and strategic agility that complex, high-stakes matters demand.
FIND OUT MORE
Established in 2017, Signature Litigation's Gibraltar office was founded to address growing demand for specialist expertise in commercial litigation and private wealth disputes on the Rock.
FIND OUT MORE
Signature Litigation AARPI houses one of France’s most enviable product liability practices, with the team also handling commercial and corporate litigation, insurance and reinsurance, toxic tort and ESG, civil fraud and asset tracing, international arbitration, administrative and public law.
FIND OUT MORE
Frankfurt has emerged as one of Europe's foremost financial and commercial centres and, increasingly, as a bridge between European and Asian markets. With that growth comes an increasing demand for sophisticated dispute resolution. Signature Litigation established its Frankfurt office to meet this need, bringing our conflict-free, disputes-only platform to the German market.
FIND OUT MOREPartner Simon Fawell comments on Credit Suisse losing its USDUSD 440 million High Court claim against SoftBank Group Corp over a restructuring agreement involving Greensill Capital’s collapse. Simon’s comments were published in Law360, 21 October 2025, and can be found here.
The failure by Credit Suisse to claw back any money from SoftBank over a restructuring agreement involving Greensill Capital is a rare example of a creditor succeeding in proving its legal case — only for the court to hold back any remedy.
Credit Suisse sued SoftBank for USD 440 million after finding itself exposed following the collapse of financier Lex Greensill’s firm in 2021. Judge Robert Miles found at the High Court that the main elements of the Swiss bank’s claim under Section 423 of the Insolvency Act had been made out, but he nevertheless dismissed its claim.
“This is a rare case in which all of the boxes for section 423 have been ticked, but no relief has been ordered,” Simon Fawell, a partner at Signature Litigation LLP, said. “That’s absolutely unusual — in most cases, where you can make out all the requirements for a section 423 case, you’d expect there to be a remedy.”
“The judge came down very hard, factually, on the fact that the various SoftBank defendants weren’t aware of the improper purpose … they thought that the money that had been given to Greensill was being used to pay off the notes in question,” Fawell said.
“Putting everyone back in exactly the same position they would have been, were it not for the transactions, would be rather pointless. You still get left with a company that’s not going to pay — and security that isn’t worth anything.”
The judgment is one of the first major rulings arising from the collapse of Greensill. The fallout contributed to the demise of Credit Suisse and its rescue by rival UBS.
