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Charles Russell Speechlys LLP

5 FLEET PLACE, LONDON, EC4M 7RD, ENGLAND
Tel:
Work 020 7203 5000
Fax:
Fax 020 7203 0200
DX:
19 LONDON CHANCERY LANE WC2
Email:
Web:
www.charlesrussellspeechlys.com
Cheltenham, Doha, Dubai, Geneva, Guildford, Hong Kong and 5 more

Stewart Hey

Tel:
Work 020 7203 5014
Email:
Charles Russell Speechlys LLP

Work Department

Litigation & Dispute Resolution, Energy & Natural Resources, Financial Services, Sport

Position

Stewart (who heads the Charles Russell Speechlys Fraud and Investigations Group) specialises in complex and high value international disputes (both in Court and Arbitral forums) and investigations, usually involving allegations across the spectrum of dishonesty including fraud, dishonesty and corruption, with particular emphasis on Financial Services and Energy and Natural Resources. As the vast majority of Stewart's cases involve allegations of fraud, dishonesty and corruption, key legal issues arising include conflicts of law, interim (injunctive) remedies to prevent dissipation of assets and/or preservation of evidence, asset recovery and tracing, as well as contentious insolvency scenarios and investigations.

Stewart’s most recent cases include acting successfully for the liquidators of six defendant companies in the Cayman Islands’ longest-ever trial - 129 days - about one of the world’s largest-ever Ponzi schemes – US$330 billion. Stewart also led a team successfully acting for one of the world’s largest pharmaceutical wholesalers in relation to a complex high-value letter of credit fraud perpetrated on it by a fraudster, and which involved related proceedings in a number of jurisdictions in Europe, the Caribbean and the Pacific. He also has a great deal of experience in advising corporates in relation to product mis-selling within the financial services sector.

Stewart is admitted to practise in England and Wales and has limited admission in the Cayman Islands (in relation to the AHAB vs SAAD litigation). He is also a member of the Fraud Lawyers Association.

Experience highlights:

  • Leading a team advising Joint Official Liquidators in connection with an alleged $9.2Bn fraud before the Cayman Courts
  • An external administrator to Awal Bank BSC (in Administration), as appointed by the Central Bank of Bahrain in a multi-billion dollar alleged fraudulent scheme of arrangement involving a large number of inter-related cases in various jurisdictions, where Stewart leads the teams dealing with US and Cayman issues
  • Advising individuals/entities in relation to an on-going SFO investigation into payments against a backdrop of multi-billion USD sales of defence equipment to the Middle East
  • Led a team advising the Central Bank of Bahrain that forged new US Bankruptcy Ch11 law in the US against a backdrop of acting as External Administrator to a Middle Eastern Bank (in administration) and currently under US Ch15 recognition
  • Advisor the joint-venture entities involved in a dispute relating to a West African mining project valued at between $800m-$1.5Bn
  • Advised one of the world's largest pharmaceutical wholesalers in a complex multi-jurisdictional letter of credit fraud
  • Advising a world famous academic institution in relation to an investigation relating to wrongdoing
  • Advising international investors in relation to an investigation concerning corruption relating to a Government contract in North Africa


London: Crime, fraud and licensing

Fraud: civil

Within: Leading individuals

Stewart Hey - Charles Russell Speechlys LLP

Within: Fraud: civil

Charles Russell Speechlys LLP is adept at handling a range of civil fraud matters, including asset tracing and worldwide freezing orders. The firm works with clients including multinational businesses, regulators, professional advisers and high-net-worth individuals in sectors such as financial services, government, energy and natural resources. Stewart Hey, who heads the practice was admitted to the Cayman Bar in relation to the high-profile, multibillion-dollar AHAB/SAAD Cayman trial. Charlotte Pender has a track record on high-value cross-border banking and fraud cases.

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London: Dispute resolution

Commercial litigation

Within: Commercial litigation

Charles Russell Speechlys LLP 'has an excellent understanding of its clients' objectives and their industries'. The team advises on complex, high-value corporate and commercial disputes for clients that range from multinational corporations to high-net-worth individuals. Recent cases include disputes in the technology, telecoms, financial services, mining, energy, aviation and retail sectors. Stewart Hey, Edward Craig, John Sykes and Rhys Novak are all highly rated practitioners; Charlotte Pender was made partner.

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