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XXIV Old Buildings

Chambers of Alan Steinfeld QC

Work 020 7691 2424
Fax 0870 460 2178
Geneva, London

The Chambers

XXIV Old Buildings is a specialist commercial and chancery chambers based in London with an office in Geneva.  The members have an unrivalled reputation for their commercial and chancery work both internationally and domestically.

A leading set in Offshore; Private Client: Trusts and Probate; Commercial Litigation; Banking and Finance; Insolvency; Company and Partnership; Aviation;  Fraud: Civil; Charities; Professional Negligence, their strength and breadth of expertise can be demonstrated by the frequency of their appearance in courts of other jurisdictions, with members called to the Bars of Jersey, the BVI, Bermuda, St Vincents, the Cayman Islands, Dubai (DIFC), and other leading international financial centres such as the ADGM Abu Dhabi and the court in Astana (AIFC) in a judicial capacity. They are recognised as one of the most forward-thinking and innovative sets at the London Bar.

Work Undertaken

The calibre of XXIV Old Buildings‚Äô practice is evidenced by the cases in which members are routinely instructed undertaking litigation, arbitration and the provision of advice across the full range of commercial and chancery work, from UK commercial litigation and insolvency work to truly international litigation and arbitration involving large-scale business disputes, fraud and asset tracing, and cross-border insolvency and restructuring; and to ‚Äėtraditional‚Äô chancery matters such as private family trust and succession disputes. This broad base of expertise is supplemented by members‚Äô specialist experience in fields such as hedge funds/SIVs; financial derivatives (including spread betting/CFDs); and aviation. Members are also highly experienced arbitrators and mediators. Examples of our work are set out below:

Investec Trust v Glenalla Properties Ltd & Others: This claim by the liquidators for more than £180m against the former trustees of a Jersey trust raised complex issues relating to the rights of trust creditors to enforce their claims against trustees and trust assets, conflicts of laws, and unjust enrichment.

Société Générale v Goldas: A successful strike out of claims by the bank to recover gold bullion worth

$480m and an inquiry as to the damage caused by wrongly maintained freezing orders. The bank failed to persuade the court that its defective attempts at service should be treated as valid.

Property Alliance Group v The Royal Bank of Scotland: One of the most advanced LIBOR fixing cases before the English CoA in 2018. The case gave rise to interesting interlocutory decisions relating to disclo- sure and privilege in the context of financial services.

Carlyle Capital Corporation Limited (in liquidation) & Others v Conway & Others: A $2 billion claim arising from a collapsed investment fund incorporated in Guernsey. Judgment handed down in September 2017 dismissed all claims against the defendants. An appeal to the Guernsey Court of Appeal has since been dismissed and It is expected that there will now be an appeal to the Privy Council.

Perry v Lopag Trust Reg and Ors: A multi-jurisdictional dispute involving allegations of malpractice against a major Swiss bank, international litigation to recover assets on behalf of members of the family with proceedings in England, the Cayman Islands, the BVI, Liechtenstein, Curacao and Delaware.

Re X Trusts: One of the largest and most fiercely fought commercial chancery disputes of 2018. Counsel appeared for opposing sides in the Supreme Court of Bermuda in an application by one group of beneficia- ries to remove the trustees of a trust structure said to be worth in the region of £5 billion.

Akhmedova v Akhmedov: High-profile claims to enforce judgment in the sum of £453million (the high- est divorce order made in the Family Division). Enforcement proceedings issued in the DIFC in support of the English order.

  • Practice Management & Chambers Administration: 13

Above material supplied by XXIV Old Buildings (Chambers of Alan Steinfeld QC).

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