Originally called to the Bar in Ireland, Darragh worked in-house in the Investment Banking Division of Goldman Sachs in London where he was involved in benchmark debt and equity capital markets transactions. This experience, combined with Darragh's subsequent commercial training in London, means that he possesses considerable experience of the legal and regulatory issues that arise in the context of banking and finance transactions.
Pragmatic Commercial Advice: Darragh has a reputation for sensible, commercially pragmatic advice conveyed in a refreshingly straightforward and empathetic way. Adopting a client-centric approach, he seeks solutions rather than obstacles. He is a commercial law expert contributor to LexisNexis Practical Support Lawyer (PSL) and is regularly quoted in their publications.
Contractual Litigation: Darragh has a busy litigation practice appearing daily in the High Court and County Court representing an array of clients including medium-sized businesses, national utilities companies, liquidators, investors, consumers, commercial landlords and independent financial advisers.
Recruitment Disputes & Restrictive Covenants: Darragh is particularly experienced in disputes regarding the recruitment of permanent and temporary employees and agency workers. He is frequently instructed by one of the largest recruitment companies in the UK. He has successfully acted in cases regarding substantial “transfer fees”. As such, he is familiar with the operation of The Conduct of Employment Agencies and Employment Businesses Regulations 2003 and the incorporation of standard terms of business based on market practice identified by the Recruitment & Employment Federation. Darragh is familiar with restrictive covenants claims where urgent injunctive relief is sought against former employees.
Insolvency Disputes: Darragh appears regularly in the Companies Court instructed by liquidators, trustees in bankruptcy and companies in connection with a variety of insolvency matters including injunctions to restrain the presentation/advertisement of petitions where there is a disputed debt, petition hearings, and applications involving transactions at an undervalue and sections 212 and 423 of the Insolvency Act 1986.
Consumer Credit & Leasing disputes: Darragh is experienced in dealing with disputes arising from the operation of the Consumer Credit Act and related CONC provisions. He has acted for lenders and leasing companies as well as their assigns in seeking to recover sums due under regulated and unregulated credit agreements. He is familiar with arguments based on alleged unfair credit relationships (s.140A); improperly executed credit agreements (s.61); and irremediably unenforceable credit agreements (s.127). Darragh has a specific interest in issues concerning credit rating agencies such as Experian and the reporting of debt arrears. He also undertakes non-contentious advisory work for organisations such as charities that may engage in activities which inadvertently fall within the ambit of the consumer credit regime.
Complex Banking Issues: Darragh is familiar with the requirements of the FCA's Conduct of Business Sourcebook (COBS), MCOBS, MiFID, and the market abuse regime. He has the necessary expertise to deal with complex issues that arise in respect of derivatives and contracts for difference linked to LIBOR and FOREX. His most recent area of work is in relation to high frequency and algorithmic trading, particularly within dark pools.
Darragh's indicative and recent cases include:
Acting for a respondent in an application for a multi-million pound High Court freezing injunction.
Acting for a petitioning creditor in the winding up petition issued in respect of Lotus F1 Limited publicised here.
Successfully obtaining a High Court injunction to restrain the presentation of a winding up petition in respect of a fashion design company.
Acting for several thousand claimants in relation to mis-sold foreign property investments.
Acting for a national utilities company in multi-track litigation regarding a commercial premises.
Drafting submissions to the FOS and the IRHP Redress Scheme regarding negligent investment advice and breaches of the FCA Handbook resulting in favourable determinations.
“I would like to pass on my praise for the service Darragh gave this office. Irrespective of the favourable outcome he impressed me and my partner hugely with his skill and expertise.”
“Mr. Connell took everything in his stride and ran the case with aplomb.”