Mona Vaswani is a partner in the London office of Milbank LLP and a member of the firm’s Litigation & Arbitration Group. Prior to joining Milbank in October 2019, Mona was a Partner in a Magic Circle law firm for 18 years and the head of their Fraud Practice.
Primary Focus and Experience
Mona advises on a variety of complex, cross-border, disputes and investigations, with an emphasis on banking litigation, fraud and asset tracing claims as well as trust litigation. She has also conducted arbitrations in the LCIA.
Mona has acted for a number of leading international and investment banks on a wide range of banking and regulatory disputes and investigations in England. She also has substantial experience of advising banks and trustees in the conduct of trust litigation in several jurisdictions. Mona has litigated in many of the major offshore jurisdictions, including, Jersey, Guernsey, the Cayman Islands and the BVI.
Mona has acted in various claims in the High Court, in the finance sector, including those involving allegations of fraud, constructive trust and breach of fiduciary duty and has also acted in international arbitrations concerning derivatives disputes and has experience of conducting internal inquiries and investigations for a number of corporate and banking clients.
Recognition & Accomplishments
Mona has been ranked as a leading banking, fraud and disputes lawyer in the major UK directories for a number of years. She is described in Chambers & Partners as “tactically very astute and has a good grasp of the client’s interests”, “a quick and energetic lawyer”, citing her “fantastic large-scale case management skills” and commenting that “She has this work ethic which is unrivalled, so clients get a fantastic service out of her because she leaves no stone unturned.” Sources particularly comment on her effectiveness in injunctive proceedings and regard her as “a very smart operator who is bright and engaging and has a very solid reputation” and her “calm, sound advice even in high pressure situations” and her ability “to protect the client's best interests and cut through the chaff to get to main body of the case.”
Market leading legal rankings publication Who’s Who Legal, has recognised Mona as one of the top eight asset recovery lawyers in the UK describing her as “a real star in the space”. She has also been named as one of the Thought Leaders in Who's Who Legal Asset Recovery in EMEA, branded as “definitely a leading name in the field” who clients “rate very highly” for her excellent work on investigations and asset recovery matters.
In the Legal 500 2020 edition on civil fraud and asset tracing, Mona was one of 6 lawyers named in its Hall of Fame.
