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Stephen Bane

Dispute Resolution (Commercial Litigation), Professional Negligence, Shareholder, Director & LLP Disputes

Stephen is a solicitor working in the dispute resolution department at Cubism Law.

He has over 18 years’ experience in working for both private clients and as in-house counsel.

Stephen is a solicitor working in the dispute resolution department at Cubism Law. He has over 18 years’ experience in working for both private clients and as in-house counsel.

For the last 8 years Stephen has been dealing with all aspects of professional negligence and commercial disputes. He has dealt with complex business disputes, especially those arising from professional negligence; with a focus on financial services and financial services industry disputes. 

Stephen and the team are currently the only claimant team ranked under professional negligence in the key legal directory Chambers & Partners.

Prior to his career in private practice, Stephen was in-house counsel at GE Money and before that he was responsible for legal and compliance at a national loan brokerage and lending business.

Services:

  • Commercial Disputes
  • Professional Negligence

Professional Negligence:

  • Currently involved with a multi-million pound High Court claim against a specialist legal practice acting for high net worth individuals for the negligent conduct of a multi-million pound financial services industry dispute (due to go to trial in November 2017)
  • Currently preparing a claim against a City legal practice for their negligent advice on a development contract with a local authority
  • Ongoing claim against an IFA in respect of advice to make a loan to him personally out of the client’s pension which has not been repaid
  • Successfully recovered from a firm of solicitors specialising in financial services litigation for their negligent conduct of a multi-million pound financial services industry dispute (which the clients had technically “won” at the Court of Appeal). Confidential settlement in May 2016
  • Successfully recovered (following mediation) in a claim against a London legal practice for negligent advice on security over a valuable London property for a substantial loan that was never repaid
  • Successfully recovered (following mediation) against solicitors and counsel in respect of their negligent conduct of failed chancery litigation
  • Claimed against a firm of accountants for facilitating the client’s exclusion from the family business. The trial ran for 23 days and was preceded by several successful, reported, interim applications

General Commercial Litigation:

  • Ongoing claim against a UK bank for mistreatment of its customer following the financial crisis of 2008 in which £500,000 has already been recovered for the client
  • Claim by a property developer against a local authority for breach of a multimillion pound joint venture agreement
  • Various disputes in respect of outstanding costs and the recovery of documents with clients’ former solicitors
  • Defended a claim that a mortgage was void for non-compliance with the Financial Services and Markets Act 2000 and successfully obtained possession of the subject property in the High Court and maintained the position on appeal
  • Successful counterclaim against the freeholder of a large and prestigiously located block of central London flats in respect of misrepresentations inducing a lease and million pound refurbishment of a terraced apartment overlooking Green Park
  • Counterclaims in misrepresentation, breach of contract and collateral warranty against a national financial services consolidator (a subsidiary of a multi-billion pound global insurance giant) in respect of multi-million pound losses incurred by small IFA businesses; settled pursuant to confidential terms in December 2012 and June 2013
  • Claim in misrepresentation and breach of warranty of authority in respect of the occupation of a multi-storey car park involving two sets of High Court proceedings, ultimately pursuant to confidential terms before trial

2017- Present: Solicitor, Cubism Law

2009-2017: Solicitor, Neumans LLP

2004-2009: Legal & Compliance, GE Money

1999-2004: Legal & Compliance, The Mortgage Group / Capital Credit

1992-1999: Local authority trading standards enforcement

Stephen, part of Anjan Patel's team, are currently the only claimant team ranked under professional negligence in the key legal directory Chambers & Partners.