Expert resume of Antony Zacaroli QC
Barrister at South Square Chambers
Antony has been in practice as a barrister at the bar in England and Wales since 1987, and a Queen’s Counsel since 2006. He specialises in business and financial law, with an emphasis on banking, insolvency and restructuring, derivatives and securitisations, and financial services. His recent experience includes acting in numerous proceedings arising out of the Lehman collapse, including the Waterfall litigation and proceedings to determine entitlements to client money. He advised and represented ISDA in proceedings concerning the interpretation of Section 2(a)(iii) of the ISDA Master Agreement, and regularly advises counterparties in respect of the close-out of complex financial transactions with failed investment banks (including the Icelandic banks, and Lehman Brothers). He was retained by the special administrators of MF Global(UK) Limited to advise and represent them on a variety of banking, insolvency and regulatory matters. He has also been retained in relation to a number of major recent corporate restructurings, including a £1.5 billion restructuring of subordinated debt of The Co-operative Bank (2013) and the Kaisa group (parallel Hong Kong and Cayman schemes). He is recommended as a starred individual or level one silk in six practice areas in Chambers and Partners directors (Insolvency & Restructuring, Commercial Dispute Resolution, Banking & Financial Services, Chancery/Commercial and Company), where he is described as being “appreciated for his outstanding work ethic, commercial acumen and unquestionable intellect. He is frequently involved in market-leading cases, especially those with cross-border elements”. He has been instructed to provide expert evidence of English law in relation to proceedings involving insolvency and/or derivative transactions before the courts of France, Germany, Iceland, Italy, Switzerland and the United States.