Bivonas current cases include the following:
FSA v W
Acting for Libor rate setter and money market trader following investigations by the Financial Services Authority (now the Financial Conduct Authority) and the U.S. Commodities Futures Trading Commission.
FSA (now the Financial Conduct Authority) v D & Ors
Acting for a Seychelles company and three individuals being pursued in the High Court of Justice, Chancery Division for civil penalties following alleged market abuse by manipulative trading, known as “layering”, in relation to Contracts for Difference. The case involves high frequency computer-based algorithm trading strategies. Tracey McDermott, the FSA’s acting director of enforcement and finance has stated in relation to the case “the FSA will take swift and decisive action to protect the integrity of UK markets, wherever those seeking to abuse them are based. These companies engaged in repeated cross-platform market manipulation, which the FSA will not tolerate.” The trial of the action is listed for June 2013.
Acting for defendant director and contributory subject to High Court of Justice Chancery Division Freezing Order obtained by provisional liquidators in relation to a claim on behalf of creditors in respect of an alleged “boiler room” fraud.
Acting for Russian owned BVI company defrauded by former director and shareholder to successfully secure its valuable intellectual property rights.
Acting for Russian victims of a substantial international bank fraud in locating the perpetrators of the fraud and their assets.
Acting for various account holders against the Central Bank of Curacao following the freezing of its accounts by the Dutch authorities in relation to allegations of money laundering.
M v B
Acting for an American investor defrauded of US$ 35 million to recover the stolen funds.
S v H & Ors
Acting for an alleged de facto director in the High Court of Justice, Chancery Division, in the defence of a claim brought by the liquidators of S; these claims involved allegations of diverting in excess of £30 million tax by utilising 1000 personal service companies. The litigation was compromised on confidential terms.
C Ltd. and Ors
Acting for property companies in relation to their claims against banks arising out of the mis-selling of interest rate swaps.
Acting for a company based in Hong Kong in its Vat appeal to recover denied input tax in excess of £5 million from HMRC.