Philip Rubens
Partner: Head of Commercial Dispute Resolution
Philip has a track record in a wide variety of substantial commercial disputes (both litigation and arbitration) and is particularly known for his financial services expertise since undertaking a secondment in the enforcement division at the Financial Services Authority (FSA). Philip now also has a niche financial services practice advising brokers, hedge fund managers and investment bankers in relation to enforcement proceedings brought by FSA or foreign regulators.
Philip’s financial services expertise includes insider dealing, wall crossing, misleading statements and practices, market abuse, bookbuilding, breaches of Listing Rules, corporate finance issues, endowment misselling, high income products, perimeter, unregulated collective investment schemes, financial promotion, money laundering,overallotment, conduct of business e.g. best execution, customer order priority misselling of non packaged product and appearing as advocate before the Regulatory and Decisions Committee of the FSA.
Philip is a member of the Association of Regulatory and Disciplinary Lawyers and a Solicitor Advocate of the Higher Courts (Civil). In addition, Philip is a CEDR Registered Mediator.
Recent Work
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Acting for an Investment Banker in relation to the FSA investigation into Deutsche Bank re Scania and Cytos
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Acting for a hedge fund manager in relation to an investigation by the French Regulator
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Acting for numerous land banking companies in relation to the FSA investigation into unauthorised collective investment schemes
Recent Articles/Speaking Engagements
Philip writes the FSI monthly publication Hedgeline which is dedicated to Hedge Fund regulation. Click here to download previous editions of Hedgeline.
Philip has written the article Derivative Actions which focuses on the key provisions of the "new" Companies Act 2006 and an E-Alert highlighting recent cases regarding breaches of the AIM Rules and the conclusions that can be made from them.
Philip writes on UK financial services law and regulation. Past contributions to Complinet (provider of compliance news, information and software for the financial services industry) articles include:
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AIC dismisses private equity concerns - 13 March 2007
- Insider trading suspected prior to a quarter of all takeovers, says FSA - 8 March 2007
- Lawyers debate significance of LSE enforcement staff hike -22 February 2007
- Complete principles-based regime a 'pipe dream', warns lawyer - 12 February 12 2007
- Amaranth problems reinforce FSA's hedge fund stance, says lawyer - 26 September 2006
- FSA may take action based on circumstantial evidence, warn lawyers - 25 July 2006
- FSA hedge fund paper will have little impact, says lawyer - 24 March 2006
- Criminal actions unlikely despite 'City Slickers' verdict, say lawyers - 23 January 2006
- Principles-based regime is double-edged sword, says compliance - 5 December 2005
- AIT case proves FSA has teeth, say lawyers - 22 August 2005
- A crumb of comfort? The aftermath of the Legal & General hearing - part II - 4 July 2005
- L&G case will make enforcement action 'fairer', says Freshfields - 31 May 2005
- FSA unconstrained by budget in hiring lawyers for appeal cases, legal industry says - 12 April 2005
- Lawyers assess 'perimeter effect' of L&G fine hearing - 8 April 2005
Random Fact
Philip is married with two children and lives in Central London. He remains a keen but not talented squash player.