Overview
Chris Paparella concentrates on financial services litigation and international disputes. He has represented financial institution clients in federal and state court litigation and arbitration involving mortgage-backed securities, securities fraud, lender liability and foreign exchange transactions. Chris argued and won a ground-breaking case in New York's highest court in which he obtained the dismissal of a $300 million fraud case on the grounds that the assignment of the claims to a litigation funder violated New York's champerty statute. Justinian Capital SPC v. WestLB AG, 28 N.Y.3d 160 (2016).
Chris has also represented clients in international and domestic arbitrations in New York, London, Mexico City, Paris, Amsterdam and elsewhere. Chris has developed particular familiarity and skill in the energy and process industries, and has represented participants in offshore and onshore oil and gas production facilities, as well as a variety of downstream process plants and other facilities. Chris has been ranked by Chambers USA, Chambers Global and Legal 500 as one of the leading international arbitration lawyers in the United States.
- New York
- US Court of Appeals, Second Circuit
- US Court of Appeals, Third Circuit
- US District Court, Southern District of New York
- US District Court, Northern District of New York
- US District Court, Western District of New York
- US District Court, District of Connecticut
- US District Court, District of Columbia
- US District Court, District of Nebraska
- US Tax Court
- J.D., St. John's University School of Law, 1987
- B.A., University of Scranton, 1983, magna cum laude
Areas of Work
Representative Matters
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Represented a bank and asset manager in securities fraud action arising out of structured investment vehicles invested in mortgage-backed securities.
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Represented a bank and asset manager in securities fraud action arising out of collateralized debt obligations.
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Represented a bank in defaulted loan and foreclosure litigation and lender liability counterclaims arising out of a warehouse credit facility collateralized by mortgage loans.
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Represented a bank in lender liability action arising out of the acquisition of a German company.
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Represented a process engineering contractor in claims arising out of an offshore oil and gas pipeline and production project in Latin America.
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Represented an engineering and construction consortium in connection with claims arising out of a petrochemical plant in the Middle East.
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Represented an engineering and construction consortium in claims arising out of a heavy oil processing plant in Latin America.
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Represented a major equipment manufacturer in claims arising out of an offshore production platform project in Latin America.
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Represented a multinational port authority in claims arising out of a capital and maintenance dredging project in southern Africa.
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Represented a specialty chemical producer in claims arising out of a process chemical plant in Belgium.
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Represented a wireless telecommunications company and patent-holder in a cross-border license and patent dispute litigated in federal court.
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Represented an engineering contractor in International Chamber of Commerce arbitration with Venezuelan state-owned oil and natural gas company PdVSA, arising out of a refinery project.
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Represented an equipment supplier in disputes with PdVSA, arising out of a refinery project.
News & Publications
Publications
Enforcement of Foreign Judgments Laws and Regulations United States 2024
March 18, 2024
Publications
Litigation & Dispute Resolution 2024 17th Edition: USA – New York
International Comparative Legal Guides
February 2024
Press Releases
Global Arbitration Review Names Steptoe to GAR 100 for Fifth Straight Year
July 20, 2021
Publications
Litigation & Disputes Resolution 2020: United States
Global Legal Insights
2020
By: Chris Paparella
Press Releases
Global Arbitration Review Names Steptoe to GAR 100 for Fourth Straight Year
July 22, 2020
Media Mentions
Law360 Covers Steptoe's Bankruptcy Court Win for PSG in Breach of Fiduciary Duty Suit
July 7, 2020
First Tuesday Update
Litigation Funding Update – Abolishing Common Law Champerty
July 7, 2020
By: Steven K. Davidson, Michael J. Baratz, Molly Bruder Fox, Chris Paparella
Events
Webinars
Communicating in a Crisis: Best Practices for Privilege and Position Preservation
June 16, 2020
Speakers: Robyn C. Crowther, Charles A. Michael, Chris Paparella, Gwendolyn Prothro Renigar
On Demand
The Expanding Reach of US Securities Laws: Mitigating Risk in the Wake of the Crisis
April 22, 2020
Speakers: Stacie R. Hartman, Nathaniel Kritzer, Chris Paparella
Noteworthy
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Legal 500 US, Dispute Resolution: General Commercial Disputes (2020)
- Legal 500 US, Dispute Resolution: International Litigation (2019)
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Legal 500 US, Dispute Resolution: Securities Litigation: Defense (2018)