One of the aspects of Pels Rijcken's Corporate practice is conducting proceedings regarding financial instruments and their sale or issue. This Financial Litigation practice consists of several elements.
One element is advising and litigating on liability when issuing a prospectus in relation to financial products or securities (prospectus liability). Pels Rijcken has been involved in various class actions relating to the marketing of securities, including with respect to World Online, Fortis and Shell.
Another element is advising and litigating on liability for breach of the duty of care of financial institutions towards consumers or contracting business parties, which is a cornerstone of our Financial Litigation practice.
A third element is litigating in major disputes concerning interest rate derivatives and corporate finance disputes between lenders and borrowers. In addition, we are actively involved in disputes and class actions relating to LIBOR irregularities. This third element is yet another cornerstone of our Financial Litigation practice: handling numerous disputes and class actions pertaining to financial products and financial agreements, including unit-linked insurance and pension insurance, which entails interpreting financial contracts within the framework of financial law.
Pels Rijcken conducts work in this area for financial institutions and financial regulatory authorities.