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.
AboutStewart (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.
- 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
Reforming corporate criminal liability: a balancing act
A look into the published paper on corporate criminal liability by The Law Commission.
Freezing Orders: Policing the Nuclear Option (PT 2)
Looking at the impact these checks and balances have when it comes to drafting and construing the terms of the order.
Freezing Orders: Policing the Nuclear Option
This article considered some of the checks and balances that apply when seeking access to one of the law’s most potent weapons.
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 & Simon Heatley provide a temperature check on freezing orders in the courts.
Charles Russell Speechlys successfully upholds record breaking judgment on appeal in multi-billion dollar fraud trial
The Cayman Islands Court of Appeal dismissed an appeal against the firm's clients in one of the world's largest fraud cases.
Obtaining documents in the US for proceedings in the UK
Stewart and Simon look at the three potential routes for obtaining documents from third parties located in the US
Stewart Hey and Simon Heatley write for ThoughtLeaders4 FIRE on obtaining documents in the US for proceedings in England
In KBR, Inc, R v Director of the Serious Fraud Office, the Supreme Court limited the extraterritorial effects of the SFO's powers.
Stewart Hey featured in The Lawyer's reporting on the post-Brexit disputes landscape in the UK
Post-Brexit, the importance of making sure contracts have certainty with regards to jurisdiction and enforcement has never been greater.
Investigations: Fraud in the time of pandemic
Many business have experienced massive disruption recently, Charlotte Pender, Stewart Hey and Caroline Greenwell discuss the impact.
Search and deploy? Search orders and electronic data
Stewart, Rhys and Simon take an in-depth look at search orders and analyse recent developments.
Stewart Hey, Simon Heatley and Iona Macmillan Douglas write for The Commercial Litigation Journal on without prejudice privilege
Making Briggs without Clay
Stewart Hey, Simon Heatley and Iona Macmillan Douglas brush the dust off without prejudice privilege
The Times' Lawyer of the Week: Stewart Hey
Charles Russell Speechlys successful in longest-running Cayman Islands trial
The Grand Court of the Cayman Islands has found in favour of the liquidators of six defendant companies
In the Spotlight: Crisis Survival in an Age of Increased Accountability
Our report explores the latest legal and regulatory challenges businesses and their executives face across all aspects of commercial life.