Fraud and asset tracing

Our specialist team has unparalleled experience at both bringing and defending fraud claims. We are ranked in Tier 1 of The Legal 500, and a number of our lawyers are ranked as leading individuals.
  • Profile
  • Experience
  • Key contacts

In fraud litigation, speed is essential. Our lawyers' in-depth knowledge means we can step in to take urgent action to protect our clients. This means we can help you achieve the best possible results.

Our team has extensive experience of bringing and defending:

  • fraud claims
  • multi-jurisdictional and domestic asset tracing
  • freezing injunctions, in support of domestic and foreign proceedings
  • other injunctions, including search and seizure order, receivership orders and gagging.

We have acted on many of the largest fraud claims in England and globally. Much of our work is international, and we have significant expertise of fraud claims arising from emerging markets, including the CIS/CEE, Africa and India.

Our team includes specialists in financial services fraud, who have decades of experience of fraud claims for and against banks, funds, and senior employees/directors of companies in the financial services sector. We often manage fraud claims with concurrent parallel proceedings including civil, criminal, regulatory and arbitration proceedings (domestically and abroad).

Winning a case is not the final step in litigation. We regularly assist clients to trace assets and enforce judgments and arbitration awards, in England and abroad.

Our lawyers are proactive and imaginative, and our advice is always clear and commercial. We help clients reach the outcomes they want. Often, this is settlement and we can devise strategies to help achieve this. But where a case goes to trial, we can be trusted to achieve the best possible outcome. In a recent survey, we were ranked amongst the Top 10 UK law firms for our success rate in winning cases in Court.

"They are brilliant - absolutely great! They are very friendly and easy-going, but still professional."

Chambers UK 2018

Administrator of a Latvian bank

Acting for the administrator of an insolvent CEE bank in fraud proceedings against the bank's former owner, a Russian businessman. Successfully obtained freezing orders, search orders and succeeded at trial with a US$70+ million judgment for our client.

Former Yukos shareholders v Russia

Representing the former shareholders of Yukos Oil Company in English proceedings to enforce a US$54+ billion arbitration award against the Russian Federation. This was the largest arbitration award ever secured in history, and to our knowledge the largest ever enforcement claim brought before the English court.

Madoff fraud

Advising an investment bank on its overall global strategy to maximise its recoveries and minimise its exposure to claims following its €600 million exposure to the Madoff fraud.

Ukrainian parties

Successfully discharged a worldwide freezing order which had been obtained in support of an arbitration claim against our Ukrainian clients. We discharged this multi-million dollar injunction early on, after a contested application before the Tribunal and with indemnity costs.

Russian oligarch

Advised on bringing claims in excess of US$1 billion against an oligarch's former business associate and successfully obtaining an injunction against his former financial advisers, freezing sums held in banks in the former CIS and offshore.

Arab Republic of Egypt

Advising on the tracing and recovery of assets, estimated to be up to US$70 billion, misappropriated by former President Hosni Mubarak's regime, involving investigations in over a dozen jurisdictions. This is, to our knowledge, the largest investigation into a former leader's mismanagement of state funds.

Former Director-General of Sovcomflot

Successfully defended our client in the Fiona Trust litigation, in which claims in excess of $700 million were brought for bribery and fraud in relation to a number of banking and shipping transactions.

Unitech

Acting for a leading Indian real estate developer in a dispute with Deutsche Bank and other lenders. These are the principal civil test cases about alleged fraudulent manipulation of the LIBOR benchmark.

Liquidators of Rangers FC

Acting for the liquidators of the Rangers football club, bringing substantial fraud claims against individuals involved in the takeover of the club. The fraud is now the subject of high profile criminal proceedings in Scotland.

The Republic of Bolivia and PDVSA

Acting for Bolivia, we successfully discharged freezing injunctions in the value of US$12 billion obtained by Exxon Mobil against PDVSA, the Venezuela national oil company and the Republic of Bolivia.

Lawyer

Alan Bercow Partner

T:  +44 20 7809 2242
M:  Email Alan | Vcard Office:  London

Lawyer

Ros Prince Partner

T:  +44 20 7809 2320
M:  +44 7771 374 054 Email Ros | Vcard Office:  London

Latest news & insights

29 Jan 2018

From News

Ros Prince named in The Lawyer's Hot 100

Stephenson Harwood partner Ros Prince, co-head of the firm's fraud and asset tracing team, has been named in The Lawyer's Hot 100 - litigation list.

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02 Nov 2016

From Insights

Innocent third parties – how English freezing orders affect overseas trustees

We consider the risks for overseas trustees, when the trust's settlor or beneficiary is subject to an English freezing order.

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15 Jun 2016

From News

Stephenson Harwood named ‘Law firm of the Year’ by Operational Risk

Stephenson Harwood LLP was named ‘Law firm of the Year’ by Operational Risk, at an awards ceremony held in London on June 14.

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10 Mar 2016

From Insights

When will the English Courts have jurisdiction over a dispute? (Russian version)

Пересмотренный Брюссельский Устав (который применяется для всех государств-членов Европейского Союза) применяется ко всем разбирательствам, начатым 10 января 2015

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03 Mar 2016

From Insights

Mutual Legal Assistance (Russian Version)

Взаимная правовая помощь - это процесс, при котором государства ищут и оказывают помощь в расследовании или уголовном преследовании преступлений.

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25 Feb 2016

From Insights

Letters Rogatory (Russian Version)

Судебные отдельные требования или письма запросы, являются средствами, с помощью которых суд в иностранной юрисдикции может запросить помощь от английских судов в полу..

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18 Feb 2016

From Insights

Assisting foreign insolvency officeholders (Russian Version)

Неплатежеспособность крупных компаний стала носить еще более интернациональный характер. Однако внутренние законы о несостоятельности могут не иметь того международног..

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11 Feb 2016

From Insights

English freezing order in support of foreign proceedings (Russian Version)

Иски по поводу Английские постановления о замораживании были описаны судом как «ядерное оружие» судебного процесса.

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10 Feb 2016

From Insights

Fraud prevention: lessons from 2015 - Hacking and cybercrime

Website and database attacks became a growing and increasingly public problem throughout 2015. It is apparent that many attacks and the resulting data loss could have ..

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10 Feb 2016

From Insights

Fraud prevention: lessons from 2015 - Email scams

In 2015 we saw a significant growth in high value email scams. A key step in preventing these frauds is to ensure payment and anti-fraud policies are resilient, updat..

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29 Oct 2015

From Insights

When will the English Courts have jurisdiction over a dispute?

The Recast Brussels Regulation applies to proceedings commenced on or after 10 January 2015 and provides that (subject to certain exceptions) both individuals and lega..

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27 Oct 2015

From Insights

Mutual Legal Assistance

Mutual Legal Assistance ("MLA") is the process by which States seek and provide assistance in the investigation or prosecution of criminal offences.

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21 Oct 2015

From Insights

Assisting foreign insolvency officeholders

Insolvencies of large companies are increasingly international in nature. However the domestic or 'home' insolvency laws may not have the international reach needed o..

More

14 Oct 2015

From Insights

Letters Rogatory

Letters rogatory, or letters of request, are a means by which a court in a foreign jurisdiction can request assistance from the English courts in obtaining documents a..

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07 Oct 2015

From Insights

English freezing orders in support of foreign proceedings

English freezing orders have been described by the Court as the 'nuclear weapons' of litigation. Section 25 of the Civil Jurisdiction and Judgments Act 1982 gives the..

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14 Sep 2015

From Insights

Fraud litigation – the claimant's 'toolkit': freezing orders webcast

In this third and final webcast we discuss freezing orders, which can be sought at any time in order to prevent a defendant from disposing of assets before enforcemen..

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© Stephenson Harwood LLP 2016. Any reference to Stephenson Harwood in this document means Stephenson Harwood LLP and/or its affiliated undertakings. Any reference to a partner is used to refer to a member of Stephenson Harwood LLP.