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Charles Russell Speechlys LLP

Work 020 7203 5000
Fax 020 7203 0200
Cheltenham, Doha, Dubai, Geneva, Guildford, Hong Kong and 5 more

Stewart Hey

Work 020 7203 5014
Charles Russell Speechlys LLP

Work Department

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


Stewart (who heads the Charles Russell Speechlys Fraud Group) specialises in complex and high value international disputes (both in Court and Arbitral forums), usually involving allegations of 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.

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

London: Crime, fraud and licensing

Fraud: civil

Within: Fraud: civil

‚ÄėHigh-powered litigation practice‚Äô Charles Russell Speechlys LLP¬†is ‚Äėable to compete with the big firms, particularly in international fraud cases‚Äô. Clients include multinational corporates, regulators, firms of professional advisers and high-net-worth individuals. The team successfully defended the joint official liquidators of Awal Bank against allegations of fraud, knowing receipt and dishonest assistance, and conspiracy and unjust enrichment.¬†Stewart Hey¬†heads the team and is ‚Äėclever, commercial and tough as nails‚Äô. Legal director Charlotte Pender¬†is ‚Äėsmart and easy to deal with‚Äô. James Hyne¬†is also recommended.

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London: Dispute resolution

Commercial litigation

Within: Commercial litigation

Charles Russell Speechlys LLP merged with sports law boutique Couchmans in 2018. Recent cases for the practice include disputes in the technology, telecoms, financial services and mining sectors, as well as energy, aviation, retail and sporting regulatory matters. It acted for Cyclone Promotions in its claim against a professional boxer for breach of a promotional contract. Stewart Hey heads the firm's commercial dispute resolution department; John Sykes  is well known for shareholder litigation; and Edward Craig heads the firm's retail and leisure sector group, but his broader commercial contentious practice includes advising sports regulatory bodies.

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Charles Russell Speechlys LLP

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