About
Stewart specialises in complex and high value international disputes 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 notable experience includes acting successfully for the liquidators of six defendant companies in the Cayman Islands’ longest-ever trial - 129 days – arising out of 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.
Experience
Stewart heads the Charles Russell Speechlys Fraud and Investigations Group. His specialist areas include:
- 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 SFO investigation and ensuing prosecution into payments against a backdrop of multi-billion USD sales of defence equipment to the Middle East where the clients were successfully acquitted at trial
- 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 (then in administration and now in liquidation) and currently under US Ch15 recognition
- Advising 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
- Advising one of the largest US corporate entities in relation to a fraud detected within a pension scheme linked to a company following a post-acquisition investigation, which includes liaising with the regulatory authorities in the jurisdiction of relevance
- Acting for the purchaser of one of the world’s most expensive historical motor cars in terms of provenance post-acquisition
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 an investigations.
