Steven Baker is a partner in Cadwalader’s Global Litigation Group, based in London.
Steven specialises in complex, often multijurisdictional, disputes in the fields of general commercial law and private international law, with a particular focus on banking, financial services, commodities, and technology and communications. A developing part of his practice includes "cross-over" cases involving competition law, commercial law and regulatory enforcement. In addition to a strong litigation profile, Steven also appears frequently in commercial arbitrations, before the ICC, LCIA, SIAC, CAS and other, ad hoc, tribunals.
Chambers UK, Europe and Global recognise Steven as a notable practitioner, describing him as a “tremendous litigator – he is very clever and efficient, and handles multiple clients well”, as well as being “very thoughtful, very into the detail, but equally takes a very commercial stance,” and “very good at running complex commercial disputes, very bright and a pleasure to deal with.” Steven is also recognised by the Legal 500 for "Commercial Litigation," "Banking Litigation: Investment and Retail" and "International Arbitration." Steven was named a 2018 Client Services All-Star by the BTI Consulting Group, which selects lawyers who "deliver outstanding legal skills and superior client services" based on hundreds of in-depth, independent interviews with legal corporate counsel at the world's leading organisations.
Steven lectures on dispute resolution related matters, including at the Said Business School, University of Oxford. He is also the co-author of IT Contracts and Dispute Management: A Practitioner’s Guide to the Project Lifecycle, published in March 2018 (Edward Elgar Publishing, ISBN: 9781784710118).
Steven is admitted to practice in England and Wales.
Recent notable litigation matters include acting for:
- A leading investment bank in complex multiparty, multijurisdictional proceedings arising out of the transfer of assets and liabilities of a collapsed bank in a EU member state to a "bridge" bank, including the legal effect of various resolutions of the member state’s central bank on the transferability of a substantial loan;
- A leading investment bank in the defence of a very substantial claim of alleged misselling and misrepresentation in respect of various CDOs/CDSs;
- A sovereign wealth fund in connection with substantial claims for undisclosed commission arising from transition management arrangements and in connection with a subsequent DOJ investigation into a U.S.-based asset management company;
- A financial institution to recover loan instalment from a defaulting ship owner in respect of a shipbuilding contract;
- A leading investment bank in a substantial dispute arising out of the operation of a long term Total Swap Return transaction;
- Skype Technologies SA in a very substantial, high profile £2.1bn dispute in the UK High Court and courts in California, Delaware and Estonia, arising out of the licensing and ownership of Skype’s core peer-to-peer technology, including obtaining an anti-suit injunction;
- Winterthur Swiss Insurance Company in its defence of a £50m breach of warranty / deceit Commercial Court action arising out of the sale of Churchill Insurance Group to Royal Bank of Scotland Plc;
- A leading UK broadcaster on a major dispute relating to a contract for the supply of digital broadcasting management technology including advising on termination strategy, post termination recovery of assets and successful contract renegotiation.
Recent notable arbitration matters include acting for:
- A multinational soft commodities trading company in UNCITRAL arbitration against Kazakhstan entity claiming over US $30m in respect of shipped consignments of sugar;
- A major aerospace and defence company in a substantial ICC arbitration concerning modifications to specialised aircraft under a services contract, including applications for emergency arbitrator relief;
- A major European shipping company in substantial ICC arbitration concerning major delays and technical issues in the construction of a series of VLCC ships;
- An energy company in LCIA arbitration concerning issues arising from vessel conversion into FPSO;
- A leaseholder of a communications satellite in a complex and high value ICC arbitration concerning various alleged design defects in the satellite;
- A South Korean electronics corporation in a London-based ICC arbitration, in a claim for substantial licence fees against a Hong Kong TV manufacturer;
- An Indian national telecoms carrier in a substantial ICC arbitration concerning the design and operation of a global satellite access node and various claims for interconnection charges;
- A European drugs manufacturer in a substantial ICC arbitration arising out of a manufacturing and distribution agreement;
- A pharmaceutical company in a LCIA arbitration relating to the ownership of rights to biopharmaceutical products developed within a licence agreement framework;
- An international broadcaster in a LCIA arbitration in a dispute over the spectrum coverage provided by a satellite;
- A leading global supplier of financial trading systems in an UNCITRAL arbitration with an Asian stock exchange in a US $107m ICC arbitration over the supply of a derivatives trading system (settled successfully before hearing);
- A leading international technology supplier in an ICC arbitration over US $700m outsourcing contract with major energy utility company;
- A leading European telecoms technology outsourcer in an ICC arbitration with a European travel agency over a €300 million outsourcing transaction;
- A consortium of telecoms companies in arbitrated dispute (ICC) concerning the applicability of a force majeure clause to various events in respect of the construction and laying of an undersea cable in the South China Sea;
- A Chinese power supplier in US$80 million gas specification and take or pay arbitration under UNCITRAL rules;
- A US$20 million ICC arbitration between Taiwanese petrochemical company and oil major arising out of the design of a polyethylene plant in China.