John is joined by Richard East, Senior Partner of Quinn Emanuel’s London office and Nikolas Bruce-Smith, partner in Quinn Emanuel’s London office. They discuss a major London commercial trial arising from the collapse of Greensill Capital and resulting litigation between Credit Suisse and SoftBank. The plaintiff alleged that SoftBank sought to orchestrate for its own ends a complex restructuring involving the Greensill Group in late 2020, whereby c. US$ 440 million worth of assets were alleged to have been improperly placed beyond the reach of its creditors while Greensill was in severe financial distress.

Following a five-week trial in 2025, and one of the first major trial conclusions arising from the widely publicised Greensill collapse, Credit Suisse’s claim failed and SoftBank’s conduct was vindicated by the English High Court, who found that SoftBank had acted “in good faith” and “did not know or suspect” that Greensill intended to prejudice its creditors.

The trial was especially unique and notable, garnering extensive press attention, due to Greensill founder Lex Greensill voluntarily agreeing on the eve of trial to appear and testify, despite not being called by either side and facing other legal and regulatory proceedings. A turn of events like this is almost unheard of in complex high-stakes commercial litigation and required all the parties to adapt at the last minute to respond to such an extraordinary development as trial commenced.

Podcast Link: Law-disrupted.fm
Host: John B. Quinn
Producer: Alexis Hyde
Music and Editing by: Alexander Rossi

Inside QE'S $440 Million Win Against Credit Suisse For Softbank

Law, disrupted

Inside QE'S $440 Million Win Against Credit Suisse For Softbank