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Matthew Waudby is a dispute resolution and litigation lawyer based in London. He focuses on banking and finance disputes and civil fraud. He has a particular focus on derivatives, structured finance and debt capital markets litigation.
Matthew regularly acts for major international banks, funds, asset managers, agents and other service providers.
Matthew is recommended for both banking litigation and civil fraud in Legal 500 2019 where he is described as "the most extraordinary person, whose strategic and analytical thinking is impressive and he manages the most stressful situations in a calm and undisturbed manner" (banking litigation); and "absolutely excellent in both the application of the law and managing the complex web of relationships in a difficult case" (civil fraud). He was recognised as a 'rising star' in Legal Week, 2016.
Prior to joining the practice, Matthew worked for nine years at another leading law firm where he focused on derivatives and structured finance, practising in both the contentious and non-contentious fields in London, Hong Kong and Bangkok.
Matthew qualified as a barrister in England and Wales in 1999 and holds a first class degree in law from the University of Oxford.
- Solicitor, qualified in England & Wales
- Sovereign state and central bank – successfully recovered over US$500m in a high-profile civil fraud claim before the Commercial Court (The Republic of Angola v Perfectbit and Others  EWHC 965).
- ExxonMobil Financial Services – acted for its successful defence in the leading English case on the close-out valuation of repo transactions under GMRA 2000 (Lehman Brothers International (Europe) v ExxonMobil Financial Services B.V.  EWHC 2699).
- The Toronto-Dominion Bank – acted on the defence of a US$280m valuation dispute under the 1992 ISDA Master Agreement arising out of the Icelandic banking crisis. The dispute centred around the FX rates and interest rates selected by the bank for the close-out of a substantial derivatives book shortly after the collapse of Lehman.
- Major international banks – represented on various high-value Commercial Court claims concerning the close-out of derivative transactions during the Global and Icelandic financial crises and subsequent periods of market disruption.
- Issuers and corporate service providers – advised in respect of High Court securitisation disputes (including Gemini (Eclipse 2006-3) Plc v Danske Bank  EWHC 3103).
Publication | February 2017
Publication | February 2017
High Court delivers leading judgment on close-out valuation of repo transactions under GMRA 2000 and guidance on the meaning of “close of business”
Publication | October 2016