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Tom Price

Director
Tom Price

Commercial litigator with an emphasis on disputes with an international dimension. Much of my practice relates to energy disputes and financial services. I also head up a team providing jurisdictional and cross-border advice in a dispute resolution context to other lawyers in the firm.

Tel: +44 (0)121 685 3888
Email: tom_price@wragge.com

Services: Dispute Resolution
Business sectors: Energy and Regulated Industries, Financial Services

Best brains in...

Complex jurisdictional questions. Large commercial disputes.

Highlight of your career so far?

Successful defence of a US$50 million claim against an Eastern European bank. The case had many legal, practical and cultural challenges.

Most challenging job you've ever done?

Acting for a major UK bank against another major UK bank on a technically complex, factually involved dispute where reputations were at stake. It involved a long and tough application of effort which paid off in the end.

What about outside the UK?

Most of my work involves an international dimension, including dealing with requests from foreign lawyers and their clients to gather evidence in the UK, enforce foreign judgments here, or act for them in English proceedings. The list of countries is too long to mention but the US and Central Europe are favourites. I am also an active member of the International Bar Association.

What's your definition of going the extra mile... And when have you done it?

In litigation it is always possible but not usually easy to think about the client's position from several angles. That requires lateral thinking and that is going the extra mile.

Best example of a creative legal solution?

It seems strange to say, but sometimes doing less rather than more is the better way. A conscious and considered decision not to submit to English proceedings led one client to save many thousands of pounds of fees when the case against him collapsed anyway.

How do you get under the skin of a client business?

Go and see them. They usually love that and always appreciate it. Or do a secondment if you can. I have just spent six months in the disputes team of a major energy company and gained a great insight into what drives the business and what they want from their external lawyers.

What's your single greatest contribution to Wragge & Co's corporate responsibility?

Running in a triathlon for charity, which came as something of a shock to the system, but is something I intend to do again.

What's been written or said about you that you're most proud of?

The in-house lawyer of a large multi-national said after a particularly difficult and acrimonious matter:

'Tom is a very dedicated lawyer. I know the enormous effort he put into this case and he did a quite outstanding job negotiating this settlement.'

Alerts

25.02.10

Two contracts, two clauses - what happens?

On 12 February 2010, the English Commercial Court handed down a helpful judgment in Norscot Rig Management PVT Limited -v- Essar Oilfields Services Limited.

17.02.10

Before you charge in - part 2. Governing law and jurisdiction - how to save yourself a headache at the outset

Any contract of substance, and certainly one with an international element, should contain both a governing law and a jurisdiction clause. Consider the following tips on what to think about when drafting these clauses.

27.03.09

Investment funds - surviving the downturn: avoiding claims and knowing how to deal with them if they arise

The credit crunch has had a grim and unsparing impact upon most markets. Asset prices and investment returns have fallen globally - albeit some markets and products have been affected more (or less) severely than others.

13.01.09

In, out, shake it all about - where are we on choice of law in Rome 1?

All businesses entering into international transactions should be aware of changes on the horizon affecting choice of law in contract.

 

Press releases

06.12.10

Wragge & Co recovers €9.8 million for Stirling Mortimer Global Property Fund

Wragge & Co's Corporate Investigations team has secured victory in the High Court to recover €9.8 million for Stirling Mortimer Global Property Fund. Stirling Mortimer claimed against ELS International Lawyers LLP, after it failed to return a deposit for rights to purchase investment properties.

 

Published articles

There are currently no published articles for Tom Price.

 

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