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Steven Philippsohn

Work 020 7831 2691
PCB Litigation LLP


Steven is a leading authority on the management of international commercial litigation and in particular in asset recovery cases. Over the last 20 years his firm has been retained by governmental, national and international organisations. His firm, PCB Litigation, has an extensive international network of experienced lawyers. Steven currently acts for state enterprises, most prominent financial institutions and other organisations on disputes including those relating to the energy, finance and

telecommunication sectors in various jurisdictions including, amongst others, Singapore, Kuwait, Russia, Ukraine, British Virgin Islands, Cyprus, Jersey and countries within Africa as well as the UK and the US.

The Legal 500 has singled out Steven as being ‘focused and creative’. He has been described as ‘always seeking to push the boundaries of what you can achieve to maximise a client’s position – he thinks outside the box’ ‘very aggressive for clients’ aims',and as ‘a wise and excellent strategist’ who ‘has a breadth and depth of experience, extensive knowledge of the market, and a willingness to take things on’ and 'an eminent player in the fraud world'. In the Asset Recovery Section  of the 2016 edition of Who`s Who he is described as being renowned for being “a true visionary in the field” with “strategic acumen and long-standing experience” In Chambers he is listed in the top tier of fraud litigators, being described as a ‘brilliant thinker’ according to market sources, who also commend him as having ‘very good instincts’ and being ‘result orientated’. The Legal 500 and Chambers have identified PCB as a leading litigation practice, ‘the team constantly appearing in high quality work’ (Chambers 2014) and having 'real quality'. The Times describe PCB as ‘solicitors to the banking community’ and ‘operating across a global landscape, recovering and protecting clients’ assets over borders and through multiple jurisdictions’. His recent cases include VTB v Nutritek and others; Dar Al Arkan Real Estate

Company and another v Al Refai and others; Jenington International Inc & ors v Assaubayev & ors; Berezovsky v Joseph Kay; Ritz Hotel v Zayat; Westminster Council v Dame Shirley Porter.


After qualifying as a Solicitor he soon became a partner at Clintons before founding PCB




He is the UK representative of Fraudnet, a global network of fraud litigation practitioners ( He is a founding member of the UK’s Commercial Fraud Lawyers Association. He is also a member of the recently formed panel advising the Home Office on Public/Private strategies to counter fraud as well as being  a member of the Dubai International Financial Centre Courts . For a number of years Steven was deputy chairman and a board member of the Fraud Advisory Panel ( . Steven is listed by the London Times as one of the 100 key influential legal professionals in the United Kingdom.


Family, Theatre and Classical Music.

London: Crime, fraud and licensing

Fraud: civil

Within: Leading individuals

Steven Philippsohn - PCB Litigation LLP

Within: Fraud: civil

Leading firmPCB Litigation LLP offers ‘unrivalled boutique expertise in the field of fraud’. It is adept at handling fraud and asset recovery work and implementing multi-jurisdictional asset recovery strategies. It also deals with search orders, disclosure orders, appointments of interim receivers, orders for cross-examination and committal for contempt. Recent work includes acting for Bank of Moscow against a Russian judgment debtor and his wife in a case worth £200m. Other clients include BMW, TPG Capital, VTB and KMG international. Steven Philippsohn heads the team, he is ‘a lateral thinker extraordinaire’ and ‘can see brilliant points outside the box’. Anthony Riem has ‘a marvellous rapport with clients’, Trevor Mascarenhas ‘stands out as a leading partner in this field’ and ‘knows all the ins and outs of civil fraud dispute resolution in commercial litigation and in arbitration’. Jon Felce was promoted to partner and is ‘a calm and collected presence and the breadth of his legal writing demonstrates that he has a genuine enthusiasm for the law’.

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London: Dispute resolution

Banking litigation: investment and retail

Within: Banking litigation: investment and retail

PCB Litigation LLP acts both for and against banks in substantial litigation, including high-profile work for Russian and CIS banks. The team acted for two of eight defendants, who had proceedings commenced against them by Commerzbank and two others seeking declaratory relief in connection with claims surrounding a structured investment instrument issued by Commerzbank, which involved fixed rate bonds, an unsecured loan note and a swaps agreement; the defendants’ counterclaim is based on claims for unlawful conspiracy, deceit, dishonest assistance, negligence and breach of fiduciary duty. Anthony Riem is 'very experienced'; Trevor Mascarenhas is' assured and extremely bright'; Steven Philippsohn is 'a lateral thinker extraordinaire, who can see brilliant points outside the box'; and Nick Ractliff and recently promoted partner Jon Felce are 'dedicated and thorough'.

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Commercial litigation

Within: Commercial litigation

PCB Litigation LLP is 'a solid niche player for commercial litigation as well as its best-known area of civil fraud'. It acted for TPG Capital in a case about whether the taking of funds out of a company (Hellas II) can subsequently be challenged; the matter also recently involved the team leading on a successful application for security for costs against litigation funders. Anthony Riem 'inspires confidence through his down-to-earth interaction with clients, extensive commercial law knowledge, experience of court procedures and clarity of advice'; Trevor Mascarenhas is 'first-class lawyer and tactician'; and Steven Philippsohn is 'a vastly experienced litigator'.

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Legal Developments by:
PCB Litigation LLP

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