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

5 FLEET PLACE
LONDON
EC4M 7RD
England
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Stewart Hey

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)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 Novak ‘vigorously 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)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 Pender ‘leads 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 litigator’ Lin Boutong.
Lawyer Rankings
- Commercial litigation: mid-market London > Dispute resolution
- Leading partners London > Dispute resolution > Commercial litigation: mid-market
- Leading partners London > Crime, fraud and licensing > Fraud: civil
- Art and cultural property London > Private client
- Fraud: civil London > Crime, fraud and licensing
Top Tier Firm Rankings
- Dispute resolution > Commercial litigation: mid-market
- Private client > Contentious trusts and probate
- Private client > Family
- Employment > Immigration: personal
- Dispute resolution > Professional discipline
- Corporate and commercial > M&A: Smaller Deals, £10m-£100m
- Corporate and commercial > M&A: Smaller Deals, £10m-£100m
- Private client > Personal tax, trusts and probate
Firm Rankings
- Private client > Agriculture and estates
- Private client > Art and cultural property
- Private client > Charities and not-for-profit
- Corporate and commercial > Commercial contracts
- Private client > Court of protection
- Private client > Family: mediation
- Crime, fraud and licensing > Fraud: civil
- Employment > Immigration
- TMT (technology, media and telecoms) > IT and telecoms
- Real estate > Property litigation
- Real estate > Residential property
- TMT (technology, media and telecoms) > Sport
- Real estate > Commercial property: corporate occupiers
- Real estate > Commercial property: development
- Real estate > Construction: contentious
- Real estate > Construction: non-contentious
- Industry focus > Emerging markets
- Corporate and commercial > Equity capital markets – small-mid cap
- Industry focus > Hospitality and leisure
- TMT (technology, media and telecoms) > Intellectual property: trade marks, copyright and design
- Investment fund formation and management > Listed funds
- TMT (technology, media and telecoms) > Media: Advertising & marketing
- Real estate > Planning
- TMT (technology, media and telecoms) > Reputation management
- Industry focus > Retail and consumer
- Employment > Senior executives
- Real estate > Commercial property: investment
- Risk advisory > Data protection, privacy and cybersecurity
- Corporate and commercial > Partnership
- Dispute resolution > Professional discipline
- Real estate > Property finance
- Dispute resolution > Tax litigation and investigations
- Employment > Employers
- Corporate and commercial > Financial services: non-contentious/regulatory
- Corporate and commercial > Private equity: transactions - mid-market deals (up to £500m)
- TMT (technology, media and telecoms) > Intellectual property: patents (contentious and non-contentious)
- Corporate and commercial > Venture capital
- Finance > Corporate restructuring & insolvency
- Corporate and commercial > EU and competition