Our authors are experts in their field and include barristers, solicitors, judges, mediators, academics experts from a range of related disciplines.

Daniel May

Of Counsel

Daniel May is of counsel in financial services litigation practice at Herbert Smith Freehills Kramer. Email: daniel.may@hsfkramer.com

Articles by author

UK consumer class actions at an inflection point

The landscape of consumer claims against financial services firms is entering a new era. In this article, we examine: (i) the structural forces accelerating consumer mass claims in the UK; (ii) recent judgments shaping the scope of consumer claims in practice, including the broadening concept of unfairness under the Consumer Credit Act 1974; (iii) key procedural developments, including the Law Commission’s project considering a standalone consumer class actions regime; and (iv) the next litigation frontiers for the financial services sector.

26 SEP 2026

Russian sovereign debt default: a disputes perspective

Russia’s default on its foreign currency sovereign bonds is unprecedented and likely to lead to bondholder litigation as well as derivatives disputes. This article highlights the reasons for Russia’s default and explores the scope of potential bondholder litigation, together with some of the obstacles which bondholders may face in bringing claims against Russia. The article then considers the ripple effect on the derivatives market, where it is possible that investors in products linked to Russian debt may seek to recover losses by bringing mis-selling claims.

1 SEP 2022