Paul J. W. Cluley

Paul retired from Allen & Overy LLP in April 2023 after 20 years as a partner specialising in all aspects of derivatives and structured finance.  He is an expert in, and currently writing a book about, the law and market practice of OTC derivative terminations, with a particular focus on valuation disputes and XVA, an area in which he has acquired very extensive experience since 2008.

He has advised nearly all the global investment banks on settlements, litigation and mediation in connection with derivatives valuation disputes arising from the bankruptcies of Lehman Brothers, the Iceland Banks, Covid and the Russian sanctions.

His transactional experience has included numerous derivatives M&A transactions, large corporate equity stake build and funding deals through derivatives and margin loans, regulatory margin repaperings, structured credit and CDOs, and structured repo and securities lending transactions.

Paul is an English-qualified solicitor.​

Paul is a partner at gunnercooke LLP and a member of the panel of experts of P.R.I.M.E. Finance, the financial markets dispute resolution service based in The Hague.