Stewart Hey > Charles Russell Speechlys LLP > London, England > Lawyer Profile

Charles Russell Speechlys LLP
5 FLEET PLACE
LONDON
EC4M 7RD
England
Stewart Hey photo

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

Lawyer Rankings

London > Private client > Art and cultural property

Suzanne Marriott heads up the art and luxury practice at Charles Russell Speechlys LLP. The able team regularly advises several international contemporary and major government institutions. It is adept at advising on diverse matters, such as NFTs, and often advises on auction law both for and against auction houses in the UK and internationally. The group has been busy advising collectors and dealers on a variety of contentious and non-contentious matters. Robert Blower is particularly skilled at advising on acceptance in lieu and inheritance tax conditional exemption applications for estates with significant art collections. Stewart Hey is another notable member of the practice.

London > Crime, fraud and licensing > Fraud: civil

(Leading partners)

Stewart HeyCharles Russell Speechlys LLP

Charles Russell Speechlys LLP‘s ‘fraud team has an amazing skillset and wide-ranging technical competence and expertise’. The London team regularly pursues and defends large-scale civil fraud claims (and related asset recovery actions) across multiple jurisdictions. It also carries out investigations where clients (including insolvency office holders) suspect they are victims to wrongdoing. The group additionally has extensive experience in obtaining and resisting emergency relief in relation to cross-border fraud cases, including freezing orders, injunctions, and search orders, and it liaises with criminal authorities and law enforcement agencies where appropriate. The practice’s client base ranges from multinational businesses, regulators, central banks and governments, to corporate investors, insolvency practitioners, and HNW individuals and their family offices. Team head Stewart Hey handles a range of cross-border fraud disputes and investigations; Charlotte Pender‘s track record encompasses high-value banking and fraud cases; Caroline Greenwell‘s disputes work covers misrepresentations, wrongful acts, civil fraud asset tracing, and bribery and corruption allegations; and Rhys Novakvigorously seeks to advance his client’s interests’. Other key team members are Abigail Rushton, Lucy Wicksteed and Peter Carlyon, who all act in multi-jurisdictional fraud cases.

London > Dispute resolution > Commercial litigation: mid-market

(Leading partners)

Stewart HeyCharles Russell Speechlys LLP

Charles Russell Speechlys LLP fields an ‘extremely dedicated team that goes the extra mile for clients’. With the majority of the group’s caseload containing international elements, the 42-strong commercial dispute resolution’s practice represents private banks, corporations, regulators, foreign governments, celebrities and ultra-HNW individuals in major disputes. It has notable experience in company and shareholder-related disputes, as well as sector expertise in technology, engineering, telecoms, sports, and financial services, along with mining, energy, aviation, professional services and retail. Charlotte Penderleads the team brilliantly‘; Stewart Hey is the firm’s fraud, asset recovery and investigations head; Rhys Novak‘s commercial and corporate disputes practice covers fraud, bribery, sanctions and financial services; and Edward Craig is ‘a highly experienced and capable litigator‘. The second line of key practitioners includes Caroline Greenwell, who is experienced in multi-jurisdictional disputes and financial crime investigations; Lucy Wicksteed, who focuses on financial services and fraud; Abigail Rushton, whose experience includes obtaining worldwide freezing orders; and ‘incredibly hard-working and talented litigatorLin Boutong.