Notable cases:

(1) Peekay Intermark Limited v Australia and New Zealand Banking Group Ltd: acting in a Court of Appeal case concerning derivatives (Russian GKOs), emerging market investments and misrepresentation, which first established the modern ambit of the doctrine of contractual estoppel.

(2) X v Y & Z: acting in a dispute (subject to a Stockholm Chamber of Commerce arbitration clause) between parties to a complex settlement agreement, between various CIS entities, worth in excess of $150 million. Proceedings included issues about the effect of US sanctions on the performance of payment obligations.

(3) LCIA Arbitrations163503 and 173638: acting in a $10m claim by offshore companies (Ukrainian UBO) against Cyprus companies (Ukrainian UBO) for repayment of loans made in relation to a factory in Moldova. The case also involved property in Hungary, parallel proceedings in New York and freezing injunctions in Cyprus.

Roots Law Limited, registered in England with Company No. 11228696.
Authorised and regulated by the Solicitors Regulation Authority. SRA No. 666641.
VAT Registration No. 346 1456 03.

Shantanu's predominant area of practice is commercial litigation and arbitration (domestic and international), fraud and asset recovery (including urgent interim injunctions).

A significant part of Shantanu's commercial litigation practice comprises banking and financial services work including guarantees and indemnities, capital markets and derivatives, complex loan agreements, commercial trust structures, documentary credits, demand guarantees and performance bonds.

He also has substantial experience advising and acting in disputes between shareholders and joint venturers.

Shantanu Majumdar KC