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Stewart Hey

Partner

Stewart specialises in complex and high value international disputes (both in Court and Arbitral forums) and investigations, usually involving allegations of fraud, dishonesty and corruption.

stewart-hey

About

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.

Experience

Stewart heads the Charles Russell Speechlys Fraud and Investigations Group. His specialist areas include:

  • Complex and high value international fraud disputes (both in Court and Arbitral forums).
  • 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.
  • 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

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.

Recognition

  • Chambers-2024-Stewart-Hey
  • uk-leading-individual-2024
  • uk-leading-individual-2022

Our thinking

  • CDR Magazine quotes Stewart Hey on the cum-ex scandal

    Stewart Hey

    In The Press

  • Stewart Hey, Hugh Gunson and Rachel Warren write for Solicitor's Journal on the cum-cum scandal

    Stewart Hey

    In The Press

  • Charles Russell Speechlys Win - UK Court Acquittal for John Mason in High-Profile Bribery Case

    Caroline Greenwell

    News

  • Stewart Hey, Hugh Gunson and Rachel Warren write for Solicitors Journal on the cum-ex scandal

    Stewart Hey

    In The Press

  • Charles Russell Speechlys welcomes Head of International Arbitration in Dubai

    Thomas R. Snider

    News

  • Charles Russell Speechlys features twice in The Lawyer’s Top 20 cases for 2023

    Stewart Hey

    News

  • Taking aim: The Fraud Act 2006 in 2022

    Stewart Hey

    Insights

  • Reforming corporate criminal liability: a balancing act

    Stewart Hey

    Insights

  • Freezing Orders: Policing the Nuclear Option (PT 2)

    Stewart Hey

    Insights

  • Freezing Orders: Policing the Nuclear Option

    Stewart Hey

    Insights

  • Stewart Hey and Simon Heatley write a two-part article series for New Law Journal on the practical implications of recent freezing orders case law

    Stewart Hey

    In The Press

  • Charles Russell Speechlys successfully upholds record breaking judgment on appeal in multi-billion dollar fraud trial

    Stewart Hey

    News

  • Obtaining documents in the US for proceedings in the UK

    Stewart Hey

    Insights

  • Stewart Hey and Simon Heatley write for ThoughtLeaders4 FIRE on obtaining documents in the US for proceedings in England

    Stewart Hey

    In The Press

  • Stewart Hey featured in The Lawyer's reporting on the post-Brexit disputes landscape in the UK

    Stewart Hey

    In The Press

  • Investigations: Fraud in the time of pandemic

    Charlotte Pender

    Podcasts

  • Search and deploy? Search orders and electronic data

    Stewart Hey

    Insights

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