We provide expert witness and consulting expert services for disputes arising out of the financial services sector.
We provide expert witness and consulting expert services for disputes arising out of the financial services sector.

Vivadum: A Brief History

Vivadum is dedicated to dispute resolution globally particularly in the financial services sector. Hanif’s background is in trading, structuring and marketing financial products at major investment banks. Together with his knowledge and hands-on experience of the mathematics underlying today’s complex products makes him an invaluable asset in any dispute.

Hanif has been involved in very many disputes within the financial services sector. For example, disputes in relation to interest rate derivatives such as swaps, exotic currency derivatives, market manipulation, credit, life insurance, equities, private banking, on-line trading and wealth management amongst others.

This knowledge and experience has made Hanif a leading expert in financial markets’ disputes.

Hanif co-founded AHV in 2001 where he acted as an expert in financial services litigation. Vivadum is an extention of that activity.

What we do

We provide expert witness and consulting expert services for disputes arising out of the financial services sector. Financial products would include loans (of all types), private banking services and pension products etc. This also includes the full range of financial market products such as both over-the-counter and exchange-traded derivatives. We have encountered many products in this area which sometimes do not conform to a type, category or asset. Structured products or products that have embedded derivatives are just some examples.

Given the innovative and evolving nature of finance and the non-uniformity of many products we would suggest you contact us at your earliest convenience to discuss your case. Derivatives can cover different asset classes and can form a variety of different structures such as:

  • Interest Rates – Swaps, Caps, Collars, Structured Collars, Swaptions, etc
  • Foreign Exchange – Spot, Forwards, Options, Exotics e.g TARN & TARF, Forward Plus, etc
  • Commodities – Spot, Exchange Traded Commodities, Swaps, Forwards, Options, etc
  • Credit – Credit default swap, Total return swap, Constant maturity credit default swap, etc
  • Property – Property Index Notes, Total return swap, Forwards
  • Equity – Spot, Options, Forwards, ETF’s, Funds, CFDs, etc

The broad range of financial services disputes include:

  • LIBOR Transition
  • Misselling
  • “Stock Drop” cases – claims under s.90/s.90A of the Financial Services and Markets Act 2000
  • Corporate Finance transactions
  • Market manipulation
  • “Front running” – trading to profit against a client’s interest

Vivadum: A Brief History

Vivadum is dedicated to dispute resolution globally particularly in the financial services sector. Hanif’s background is in trading, structuring and marketing financial products at major investment banks. Together with his knowledge and hands-on experience of the mathematics underlying today’s complex products makes him an invaluable asset in any dispute.

Hanif has been involved in very many disputes within the financial services sector. For example, disputes in relation to interest rate derivatives such as swaps, exotic currency derivatives, market manipulation, credit, life insurance, equities, private banking, on-line trading and wealth management amongst others.

This knowledge and experience has made Hanif a leading expert in financial markets’ disputes.

Hanif co-founded AHV in 2001 where he acted as an expert in financial services litigation. Vivadum is an extention of that activity.

What we do

We provide expert witness and consulting expert services for disputes arising out of the financial services sector. Financial products would include loans (of all types), private banking services and pension products etc. This also includes the full range of financial market products such as both over-the-counter and exchange-traded derivatives. We have encountered many products in this area which sometimes do not conform to a type, category or asset. Structured products or products that have embedded derivatives are just some examples.

Given the innovative and evolving nature of finance and the non-uniformity of many products we would suggest you contact us at your earliest convenience to discuss your case. Derivatives can cover different asset classes and can form a variety of different structures such as:

  • Interest Rates – Swaps, Caps, Collars, Structured Collars, Swaptions, etc
  • Foreign Exchange – Spot, Forwards, Options, Exotics e.g TARN & TARF, Forward Plus, etc
  • Commodities – Spot, Exchange Traded Commodities, Swaps, Forwards, Options, etc
  • Credit – Credit default swap, Total return swap, Constant maturity credit default swap, etc
  • Property – Property Index Notes, Total return swap, Forwards
  • Equity – Spot, Options, Forwards, ETF’s, Funds, CFDs, etc

The broad range of financial services disputes include:

  • LIBOR Transition
  • Misselling
  • “Stock Drop” cases – claims under s.90/s.90A of the Financial Services and Markets Act 2000
  • Corporate Finance transactions
  • Market manipulation
  • “Front running” – trading to profit against a client’s interest

Vivadum: A Brief History

Vivadum is dedicated to dispute resolution globally particularly in the financial services sector. Hanif’s background is in trading, structuring and marketing financial products at major investment banks. Together with his knowledge and hands-on experience of the mathematics underlying today’s complex products makes him an invaluable asset in any dispute.

Hanif has been involved in very many disputes within the financial services sector. For example, disputes in relation to interest rate derivatives such as swaps, exotic currency derivatives, market manipulation, credit, life insurance, equities, private banking, on-line trading and wealth management amongst others.

This knowledge and experience has made Hanif a leading expert in financial markets’ disputes.

Hanif co-founded AHV in 2001 where he acted as an expert in financial services litigation. Vivadum is an extention of that activity.

What we do

We provide expert witness and consulting expert services for disputes arising out of the financial services sector. Financial products would include loans (of all types), private banking services and pension products etc. This also includes the full range of financial market products such as both over-the-counter and exchange-traded derivatives. We have encountered many products in this area which sometimes do not conform to a type, category or asset. Structured products or products that have embedded derivatives are just some examples.

Given the innovative and evolving nature of finance and the non-uniformity of many products we would suggest you contact us at your earliest convenience to discuss your case. Derivatives can cover different asset classes and can form a variety of different structures such as:

  • Interest Rates – Swaps, Caps, Collars, Structured Collars, Swaptions, etc
  • Foreign Exchange – Spot, Forwards, Options, Exotics e.g TARN & TARF, Forward Plus, etc
  • Commodities – Spot, Exchange Traded Commodities, Swaps, Forwards, Options, etc
  • Credit – Credit default swap, Total return swap, Constant maturity credit default swap, etc
  • Property – Property Index Notes, Total return swap, Forwards
  • Equity – Spot, Options, Forwards, ETF’s, Funds, CFDs, etc

The broad range of financial services disputes include:

  • LIBOR Transition
  • Misselling
  • “Stock Drop” cases – claims under s.90/s.90A of the Financial Services and Markets Act 2000
  • Corporate Finance transactions
  • Market manipulation
  • “Front running” – trading to profit against a client’s interest

We can be Party-appointed or Tribunal-appointed experts to assist on causation issues and to provide evidence of loss or damage. We also conduct ‘tutorial’ sessions on relevant technical issues and can act as a ‘technical advisor’ to the Tribunal.

Arbitration

Expert Determination

Expert Determination is a confidential ADR process involving an independent technical expert who makes a decision on issues other than legal and who has the power to ask questions of the parties before rendering the decision. The decision is binding unless it is agreed by the parties at the outset that the determination will not be.

Expert determination is particularly suited to disputes of valuation or a purely technical nature.  This process is simpler, faster and cheaper than a court case or arbitration. There is no requirement to prepare pleadings, conduct detailed investigation of documents, cross-examine witnesses or conduct trial-type hearings.

We have acted on instructions in both the early and late stages of the litigation process and provide independent opinions on difficult, case turning questions. For example one notable case, where we acted for the Claimant is Property Alliance Group Limited v The Royal Bank of Scotland plc (Financial List).

We assist under instruction from solicitors and legal counsel and have direct experience of giving oral evidence at trial. We have also advised on cross border disputes which involve many complex products.

Expert witness

Expert Advisory

We have acted as a consulting expert in many cases and assisted in exploring new lines of investigation. The expert work we have undertaken has helped advance settlement discussions at various stages of litigation. Where appropriate we can be involved in negotiating a settlement.

Expert advisors are able to identify the strengths and weaknesses of a case quickly and help achieve the desired outcomes for those instructing. Expert advisory reports provide an in-depth analysis and comprehensive fact find of each individual case which often requires a full review of all correspondence and documentation. As part of this process and amongst other things we can consider issues relating to suitability, pricing and quantification of damages.

We have acted as adviser in actions involving groups of claimants.

The many quantum calculations often involve complex valuations which need to be conducted accurately and on a timely basis.  At Vivadum we make full use of our ability to use technology as well as bespoke, proprietary software to conduct the calculations in a cost-efficient manner.

The methodology of the quantum calculations may require statistical analysis, for example in the case of losses in stock or bond holdings.  We use standard methods to do this backed by proprietary AI methods to corroborate the results.

Quantum Analytics

We can be Party-appointed or Tribunal-appointed experts to assist on causation issues and to provide evidence of loss or damage. We also conduct ‘tutorial’ sessions on relevant technical issues and can act as a ‘technical advisor’ to the Tribunal.

Arbitration

Expert Determination

Expert Determination is a confidential ADR process involving an independent technical expert who makes a decision on issues other than legal and who has the power to ask questions of the parties before rendering the decision. The decision is binding unless it is agreed by the parties at the outset that the determination will not be.

Expert determination is particularly suited to disputes of valuation or a purely technical nature.  This process is simpler, faster and cheaper than a court case or arbitration. There is no requirement to prepare pleadings, conduct detailed investigation of documents, cross-examine witnesses or conduct trial-type hearings.

We have acted on instructions in both the early and late stages of the litigation process and provide independent opinions on difficult, case turning questions. For example one notable case, where we acted for the Claimant is Property Alliance Group Limited v The Royal Bank of Scotland plc (Financial List).

We assist under instruction from solicitors and legal counsel and have direct experience of giving oral evidence at trial. We have also advised on cross border disputes which involve many complex products.

Expert witness

Expert Advisory

We have acted as a consulting expert in many cases and assisted in exploring new lines of investigation. The expert work we have undertaken has helped advance settlement discussions at various stages of litigation. Where appropriate we can be involved in negotiating a settlement.

Expert advisors are able to identify the strengths and weaknesses of a case quickly and help achieve the desired outcomes for those instructing. Expert advisory reports provide an in-depth analysis and comprehensive fact find of each individual case which often requires a full review of all correspondence and documentation. As part of this process and amongst other things we can consider issues relating to suitability, pricing and quantification of damages.

We have acted as adviser in actions involving groups of claimants.

The many quantum calculations often involve complex valuations which need to be conducted accurately and on a timely basis.  At Vivadum we make full use of our ability to use technology as well as bespoke, proprietary software to conduct the calculations in a cost-efficient manner.

The methodology of the quantum calculations may require statistical analysis, for example in the case of losses in stock or bond holdings.  We use standard methods to do this backed by proprietary AI methods to corroborate the results.

Quantum Analytics

Arbitration

We can be Party-appointed or Tribunal-appointed experts to assist on causation issues and to provide evidence of loss or damage. We also conduct ‘tutorial’ sessions on relevant technical issues and can act as a ‘technical advisor’ to the Tribunal.

Expert Determination

Expert Determination is a confidential ADR process involving an independent technical expert who makes a decision on issues other than legal and who has the power to ask questions of the parties before rendering the decision. The decision is binding unless it is agreed by the parties at the outset that the determination will not be.

Expert determination is particularly suited to disputes of valuation or a purely technical nature.  This process is simpler, faster and cheaper than a court case or arbitration. There is no requirement to prepare pleadings, conduct detailed investigation of documents, cross-examine witnesses or conduct trial-type hearings.

Expert witness

We have acted on instructions in both the early and late stages of the litigation process and provide independent opinions on difficult, case turning questions. For example one notable case, where we acted for the Claimant is Property Alliance Group Limited v The Royal Bank of Scotland plc (Financial List).

We assist under instruction from solicitors and legal counsel and have direct experience of giving oral evidence at trial. We have also advised on cross border disputes which involve many complex products.

Expert Advisory

We have acted as a consulting expert in many cases and assisted in exploring new lines of investigation. The expert work we have undertaken has helped advance settlement discussions at various stages of litigation. Where appropriate we can be involved in negotiating a settlement.

Expert advisors are able to identify the strengths and weaknesses of a case quickly and help achieve the desired outcomes for those instructing. Expert advisory reports provide an in-depth analysis and comprehensive fact find of each individual case which often requires a full review of all correspondence and documentation. As part of this process and amongst other things we can consider issues relating to suitability, pricing and quantification of damages.

Quantum Analytics

We have acted as adviser in actions involving groups of claimants.

The many quantum calculations often involve complex valuations which need to be conducted accurately and on a timely basis.  At Vivadum we make full use of our ability to use technology as well as bespoke, proprietary software to conduct the calculations in a cost-efficient manner.

The methodology of the quantum calculations may require statistical analysis, for example in the case of losses in stock or bond holdings.  We use standard methods to do this backed by proprietary AI methods to corroborate the results.

Arbitration

We can be Party-appointed or Tribunal-appointed experts to assist on causation issues and to provide evidence of loss or damage. We also conduct ‘tutorial’ sessions on relevant technical issues and can act as a ‘technical advisor’ to the Tribunal.

Expert Determination

Expert Determination is a confidential ADR process involving an independent technical expert who makes a decision on issues other than legal and who has the power to ask questions of the parties before rendering the decision. The decision is binding unless it is agreed by the parties at the outset that the determination will not be.

Expert determination is particularly suited to disputes of valuation or a purely technical nature.  This process is simpler, faster and cheaper than a court case or arbitration. There is no requirement to prepare pleadings, conduct detailed investigation of documents, cross-examine witnesses or conduct trial-type hearings.

Expert witness

We have acted on instructions in both the early and late stages of the litigation process and provide independent opinions on difficult, case turning questions. For example one notable case, where we acted for the Claimant is Property Alliance Group Limited v The Royal Bank of Scotland plc (Financial List).

We assist under instruction from solicitors and legal counsel and have direct experience of giving oral evidence at trial. We have also advised on cross border disputes which involve many complex products.

Expert Advisory

We have acted as a consulting expert in many cases and assisted in exploring new lines of investigation. The expert work we have undertaken has helped advance settlement discussions at various stages of litigation. Where appropriate we can be involved in negotiating a settlement.

Expert advisors are able to identify the strengths and weaknesses of a case quickly and help achieve the desired outcomes for those instructing. Expert advisory reports provide an in-depth analysis and comprehensive fact find of each individual case which often requires a full review of all correspondence and documentation. As part of this process and amongst other things we can consider issues relating to suitability, pricing and quantification of damages.

Quantum Analytics

We have acted as adviser in actions involving groups of claimants.

The many quantum calculations often involve complex valuations which need to be conducted accurately and on a timely basis.  At Vivadum we make full use of our ability to use technology as well as bespoke, proprietary software to conduct the calculations in a cost-efficient manner.

The methodology of the quantum calculations may require statistical analysis, for example in the case of losses in stock or bond holdings.  We use standard methods to do this backed by proprietary AI methods to corroborate the results.

Some of our clients

We work with insolvency practitioners, accountants, lawyers, barristers, companies, institutions, trustees, charities and individuals.

Some of our clients

We work with insolvency practitioners, accountants, lawyers, barristers, companies, institutions, trustees, charities and individuals.

People

Hanif Virji

Director

Hanif gained experience in structuring, valuing and selling derivatives at some of the world’s largest investment banks including Lazard Brothers, JP Morgan and Credit Agricole Indosuez, having started in investment banking at Barclays de Zoete Wedd in 1988.

Hanif has been advising clients with disputes in the financial markets for 15 years and more recently acting as a testifying expert witness and a litigation funder. Hanif has given evidence in court. Hanif has been elected a Fellow of the Academy of Experts and has qualified to conduct Expert Determination, a confidential ADR process.

Email: hv@vivadum.com
Call: 44 7968 029 465

People

Hanif Virji

Director

Hanif gained experience in structuring, valuing and selling derivatives at some of the world’s largest investment banks including Lazard Brothers, JP Morgan and Credit Agricole Indosuez, having started in investment banking at Barclays de Zoete Wedd in 1988.

Hanif has been advising clients with disputes in the financial markets for 15 years and more recently acting as a testifying expert witness and a litigation funder. Hanif has given evidence in court. Hanif has been elected a Fellow of the Academy of Experts and has qualified to conduct Expert Determination, a confidential ADR process.

Email: hv@vivadum.com
Call: 44 7968 029 465

People

Hanif Virji

Director

Hanif gained experience in structuring, valuing and selling derivatives at some of the world’s largest investment banks including Lazard Brothers, JP Morgan and Credit Agricole Indosuez, having started in investment banking at Barclays de Zoete Wedd in 1988.

Hanif has been advising clients with disputes in the financial markets for 15 years and more recently acting as a testifying expert witness and a litigation funder. Hanif has given evidence in court. Hanif has been elected a Fellow of the Academy of Experts and has qualified to conduct Expert Determination, a confidential ADR process.

Email: hv@vivadum.com
Call: 44 7968 029 465

People

Hanif Virji

Director

Hanif gained experience in structuring, valuing and selling derivatives at some of the world’s largest investment banks including Lazard Brothers, JP Morgan and Credit Agricole Indosuez, having started in investment banking at Barclays de Zoete Wedd in 1988.

Hanif has been advising clients with disputes in the financial markets for 15 years and more recently acting as a testifying expert witness and a litigation funder. Hanif has given evidence in court. Hanif has been elected a Fellow of the Academy of Experts and has qualified to conduct Expert Determination, a confidential ADR process.

Email: hv@vivadum.com
Call: 44 7968 029 465

Case Studies

Publications

Hanif Virji, “LIBOR Transition: Demystifying the interest calculations in the LMA Exposure Draft”, Butterworths Journal of International Banking and Financial Law, April 2021, pp. 263 – 268.

Hanif Virji, “The issues with interest calculations in arbitration awards”, Butterworths Journal of International Banking and Financial Law, January 2021, pp. 24 – 27.

Justina Stewart, Chloë Bell and Hanif Virji, “LIBOR transition: ISDA protocol first mover disadvantage and other international perspectives”, Butterworths Journal of International Banking and Financial Law, January 2021, pp. 5 – 1

Hanif Virji, Arif Merali and Paul Marshall, “Facing the end of LIBOR: the financial and legal implications”, Butterworths Journal of International Banking and Financial Law, December 2019, Vol. 34 – No. 11, pp. 715 – 722.

Hanif Virji and Paul Marshall, “Facing the end of LIBOR ADDENDUM: A ‘Cost of Funds’ fallback?”, Butterworths Journal of International Banking and Financial Law, February 2020, Vol. 35 – No. 2, pp. 84 -85.

Paul Marshall, Arif Merali and Hanif Virji, “Changing UK Inflation indexation and the end of RPI: some financial and legal considerations”, Butterworths Journal of International Banking and Financial Law, February 2020, Vol. 35 – No. 2, pp. 86 – 93.

Hanif Virji, “FSMA s 90/90A Stock Drop damages calculation: a technical introduction”, Butterworths Journal of International Banking and Financial Law, March 2020, Vol. 35 – No. 3, pp. 163 – 165.

Hanif Virji, “The demise of LIBOR: the value of fallbacks”, Butterworths Journal of International Banking and Financial Law, October 2020, pp. 589 – 591.

Contact

Call: +44 7968 029 465
Email: hv@vivadum.com
Postal Address: PO Box 17624, London SW10 9WW