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Oliver Rule
Partner
Qualification & Education:
  • Classics (MA), Downing College, Cambridge University
  • Post Graduate Diploma in Law & Legal Practice Course, BPP Law School
Admission
  • Law Society of England and Wales

Oliver specialises in banking and finance litigation and often acts on disputes involving complex financial products for banks, funds and other counterparties, as well as trustees and agents. He has a strong track record of success, winning the vast majority of cases that he has taken to trial.

Oliver is also well known for his insolvency litigation and contentious restructuring expertise, and has acted for creditors, companies and insolvency practitioners on many of the most high profile insolvency disputes in the last two decades. In recent years, he has also advised on issues arising in connection with payments, fintech, blockchain and crypto-currencies.

Oliver graduated from Downing College, Cambridge before becoming a solicitor. He joined Enyo in November 2023, having previously spent 19 years at Allen & Overy LLP. He was recognised as a Rising Star in Banking Litigation in Legal 500 from 2018 to 2021.

Experience

Insolvency Litigation & Restructuring
  • Acted for the Vroon Group, a Dutch shipping business, on a successful contested application for a Scheme of Arrangement.
  • Advised the administrators of Greensill Capital (UK) Limited (Grant Thornton) in connection with numerous contentious and other issues arising out of the collapse of this supply chain finance provider.
  • Acted for Virgin Active gyms, on its landmark financial and leasehold estate restructuring, which was the first time that a UK Restructuring Plan had been litigated.
  • Acted for Virgin Atlantic Airways on the first ever UK Restructuring Plan.
  • Advised a payment services provider on issues arising out of the collapse of Thomas Cook.
  • Acted for Attestor Capital in overturning the MF Global CVA, winning in the Court of Appeal, just eleven weeks after the administrators launched High Court proceedings.
  • Advised the administrators of Phones4U (PwC) in relation to numerous contentious and other issues arising out of the collapse of this mobile phone retailer.
  • Acted for Morgan Stanley, as security trustee, on a successful contested administration application.
  • Acted on the rescue of DTZ via a sale using a pre-packed administration procedure.
  • Acted for Barclays Bank plc in its successful application to the Court of Appeal around the correct contractual construction of an intercreditor agreement relied on in the European Directories restructuring.
  • Advised on numerous disputes and issues arising out of the insolvency of various Lehman Brothers entities, including in relation to the Supreme Court case into the interpretation of the Client Money Rules, and the “Waterfall Application” to determine the existence of certain categories of claims in insolvent estates and the order in which they should be paid.
  • Acted for a creditor of Enron Europe whose claim was challenged by the Enron administrators in the High Court as a transaction at an undervalue.
  • Acted for the administrators of the TXU Group (Interpath), on numerous contentious issues arising out of a highly complex insolvency of an energy group.
Finance Litigation, including Bond/Trustee Litigation
  • Acted for a crypto-trading platform in relation to breach of contract claims arising out of the closing of trading positions following fluctuations in the bitcoin market.
  • Acted for Adare Finance in obtaining a summary judgment in the Commercial Court against a businessman who tried to avoid a debt by alleging economic duress and unconscionable bargain.
  • Acted for a major financial institution in defending a claim alleging mismanagement of a European property fund.
  • Acted for J.P. Morgan on victories in the High Court and Court of Appeal in its dispute with MetLife relating to notes linked to CER, the official rate of inflation in Argentina.
  • Acted for Deutsche Bank Trustee on successive High Court victories in the Dana Gas Islamic Finance litigation.
  • Acted for Elavon (US Bank) on victories in the High Court and Court of Appeal in the Class X notes litigation.
  • Acted for the successful appellant, HSBC Trustee, in the Supreme Court case as to whether the rule in Cherry v Boultbee applied in the estates of certain insolvent Kaupthing entities.
  • Advised a bond trustee in relation to potential liabilities arising out of mortgage backed securities.
  • Advised a security trustee in relation to an application to unwind enforcement action undertaken at the behest of Bondholders.
  • Acted for a bond trustee in successfully resisting an application for Norwich Pharmacal Relief.
  • Acted for several financial institutions in relation to ISDA master agreement close out disputes, arising out of the collapse of the Icelandic Banks.
News
Dec 19, 2024
Supply chain liability case against Dyson can proceed in England
As explained in our previous article (Dyson Group wins jurisdictional battle in the English court over migrant worker ESG claims:...
Dec 4, 2024
AABAR Holdings v Glencore & Ors: the end of the Shareholder Rule?
Aabar Holdings S.a.r.l v Glencore Plc [2024] EWHC 3046 (Comm), handed down last week, is a key judgment on the...
Nov 29, 2024
Evgenia Loewe joins Enyo Law
Evgenia Loewe joins the firm as a Senior Counsel. We are delighted to welcome Evgenia Loewe, who joins the firm...
Nov 20, 2024
English Court refuses to extend anti-suit injunctive relief to claims against third parties
In Renaissance Securities (Cyprus) Limited v ILLC Chlodwig Enterprises and Others [2024] EWHC 2843 (Comm), the High Court confirmed the...