Damian McPhun is the Principal and Founder of Edesia Law. He has over 25 years' litigation experience and specialises in defending professional liability claims against financial services, legal and insurance professionals.
His expertise encompasses cases handled through litigation, arbitration (including under the PIA) and regulatory regimes, with referrals to the Financial Ombudsman Service. He regularly supports firms undergoing review or regulatory action by the Financial Conduct Authority (FCA), the Solicitors Regulation Authority (SRA) and accountancy bodies such as the Institute of Chartered Accountants in England & Wales (ICAEW).
Damian undertakes file audits for professional firms to support risk management. He assists insurers with policy wording drafting and advises on professional liability coverage, and has experience supporting sponsors and investment managers with disputes and the negotiation of contractual documentation with fund Authorised Corporate Directors (ACDs).
Notable matters
- 01A law firm claim arising from conveyancing and a sale/leaseback scheme for luxury hotel rooms (approx. £8.7m)
- 02Multiple claims and FCA investigations against financial advice firms regarding Defined Benefit pension transfers, including the British Steel Pension Scheme
- 03A claim against insurance brokers over a declined property damage / business interruption claim for a celebrity nightclub (approx. £6m)
- 04An accountancy firm claim concerning negligent auditing and due diligence on a business sale (approx. £3.2m)
- 05A corporate pension fund trustees' claim alleging negligent actuarial and investment advice (approx. £10m)
- 06A third-party administrator claim for a peer-to-peer lending platform regarding failed business loans (approx. £8.2m)
- 07FSCS litigation regarding Keydata, and claims involving Arch Cru, Beaufort Securities and mini-bonds
- 08Representing a fund manager in an FCA investigation into portfolio over-pricing and prospectus parameter breaches
- 09Supporting sponsors and fund managers on the renegotiation of fund ACD terms
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