Stephen Moverley Smith KC > Chambers of Elspeth Talbot Rice KC > London, England > Lawyer Profile

Chambers of Elspeth Talbot Rice KC
XXIV Old Buildings
24 OLD BUILDINGS, LINCOLN'S INN
LONDON
WC2A 3UP
England
Stephen Moverley Smith photo

Position

Barrister specialising in international litigation and arbitration in the fields of commercial, company, trusts and business law. A QC since 2002, has developed an extensive practice in the fields of hostile corporate and trust litigation, insolvency, civil fraud and joint venture disputes (in both a corporate and partnership context), often for private clients. Recent and ongoing cases include a successful proprietary claim against a French bank (in the Privy Council), a SCC arbitration concerning a Pakistani joint venture, the successful defence of a fraud claim brought by a major Russian bank, asset recovery proceedings in the Cayman Islands and the BVI against a prominent Saudi family. Has an extensive offshore practice, particularly in the British Virgin Islands (since 1995), the Cayman Islands and Gibraltar and is an expert on conflict of law issues. Regularly acts in international commercial arbitrations both in the UK and overseas.

Career

Called 1985, Middle Temple; junior counsel to the Crown, Chancery; called to the Bar of the Eastern Caribbean; Queens Counsel 2002.

Memberships

Chancery Bar Association; Insolvency Lawyers Association.

Education

Reading School; Oxford (MA).

Lawyer Rankings

London Bar > Insolvency

(Leading Silks)Ranked: Tier 3

Stephen Moverley Smith KCXXIV Old Buildings ‘Stephen is a first-class barrister. He is able to get up to speed with really complicated matters quickly and provide clear concise advice.’

Strong chancery and insolvency chambersXXIV Old Buildings has a particularly notable presence offshore where Stephen Moverley Smith KC is among the most active lead counsels in standout insolvencies. Head of chambers Elspeth Talbot Rice KC is instructed in the high profile insolvent estate of Boris Berezovsky, as well as recently acting in proceedings arising from the liquidation of Stanford International Bank in Antigua.

London Bar > Private client: trusts and probate

(Leading Silks)Ranked: Tier 3

Stephen Moverley Smith KCXXIV Old Buildings ‘Stephen is technically brilliant, commercially and emotionally astute and is able to handle difficult clients with consummate ease. He also goes out of his way to collaborate with the solicitors instructing him, making himself available at short notice and generally ensuring the smooth running of a case.’

London Bar > Banking and finance (including consumer credit)

(Leading Silks)Ranked: Tier 5

Stephen Moverley Smith KCXXIV Old Buildings ‘Stephen is a first-class barrister. He is able to get up to speed with really complicated matters quickly and provide clear concise advice. His oral advocacy is also impressive.’

XXIV Old Buildings is ‘a strong set for banking‘, offering ‘brilliant minds and real strength across the board‘. The set’s members have particularly good expertise in offshore, fraud and insolvency related banking disputes. A major ongoing case is Ivanishvili v Credit Suisse Life (Bermuda) before the Bermuda Commercial Court, in which Stephen Moverley Smith KC and Sarah Bayliss  are acting for the defendant life insurance company, a subsidiary of Credit Suisse, in a claim linked to an alleged investment fraud brought by Bidzina Ivanishvili, a former president of Georgia. Edward Cumming KC is representing the claimants in Elite Property Holdings v Barclays Bank Plc regarding an alleged unlawful means conspiracy between Barclays and a leading accountancy firm to place the claimants into administration. Members such as Alexander Pelling  and Francis Tregear KC have good expertise in Middle Eastern related banking disputes.

London Bar > Company

(Leading Silks)Ranked: Tier 2

Stephen Moverley Smith KCXXIV Old Buildings ‘Stephen has been doing BVI work for over two decades. He knows the law and procedure inside out.’

An excellent set with well rounded experience‘, XXIV Old Buildings includes barristers with experience at the High Court in some of the market’s leading company law disputes, as well as being capable of providing teams of counsel in matters that cross several areas of the Chancery Bar. Stephen Moverley Smith KC is noted for cases with international elements and continued to be instructed on matters in the BVI and Cayman Islands, while Edward Cumming KC has provided sole counsel on several disputes arising from acquisitions. 2014 call Timothy Sherwin is fast building a notable company law practice and has a focus on disputes relating to section 994 petitions concerning companies held in trust structures.

London Bar > Commercial litigation

(Leading Silks)Ranked: Tier 4

Stephen Moverley Smith KCXXIV Old Buildings ‘His advocacy is clear and calm. He does not get ruffled, even in heated hearings. First class.’

London Bar > Fraud: civil

(Leading Silks)Ranked: Tier 2

Stephen Moverley Smith KCXXIV Old Buildings ‘Stephen is one of the most creative counsel in complex disputes and should never be under estimated.’

The English Bar Offshore > The English Bar Offshore

(Leading Silks)Ranked: Tier 1

Stephen Moverley Smith KCXXIV Old BuildingsStephen is a consummate professional and extremely well versed in everything BVI, with a complete knowledge of the law but more importantly in some ways, how the jurisdiction operates and the personalities of the judges, both in the commercial court and the Court of Appeal.  This can be fundamental to how a case is presented. He is also extremely approachable, user-friendly and knowledgeable which immediately puts clients at ease.’

XXIV Old Buildings are well regarded for this ‘historical strength in overseas work,‘ with a number of leading silks among its ranks who engage with various major offshore disputes in a wide variety of regions such as the Cayman Islands and British Virgin Islands. Members of chambers engage in a selection of different areas, such as corporate and commercial matters, trust related work and financial based cases. Alan Steinfeld KC is regarded as a ‘true star of the Bar‘ and is a popular advocate, with cases such as Perry v Lopag Trust Reg and Ors whereby he acted for the opposing counsel in a significant case on the law of equitable mistake in the Cayman Islands. Stephen Moverley Smith KC ‘s recent highlights include Al Thani v Al Thani, an attempt to enforce a Qatari judgment, validiating an oral will, in the BVI despite the BVI not permitting oral wills. Sarah Bayliss  is noted for her strong presence in appearance in high value cases in Gibraltar, Bermuda, Cayman Islands and the BVI including complex offshore trust and investment structures, fraud, banking and insolvency.

XXIV Old Buildings are well regarded for this ‘historical strength in overseas work,‘ with a number of leading silks among its ranks who engage with various major offshore disputes in a wide variety of regions such as the Cayman Islands and British Virgin Islands. Members of chambers engage in a selection of different areas, such as corporate and commercial matters, trust related work and financial based cases. Alan Steinfeld KC is regarded as a ‘true star of the Bar‘ and is a popular advocate, with cases such as Perry v Lopag Trust Reg and Ors whereby he acted for the opposing counsel in a significant case on the law of equitable mistake in the Cayman Islands. Stephen Moverley Smith KC ‘s recent highlights include Al Thani v Al Thani, an attempt to enforce a Qatari judgment, validiating an oral will, in the BVI despite the BVI not permitting oral wills. Sarah Bayliss  is noted for her strong presence in appearance in high value cases in Gibraltar, Bermuda, Cayman Islands and the BVI including complex offshore trust and investment structures, fraud, banking and insolvency.