Tchenguiz takes £300m SFO battle to Stephenson Harwood

Stephenson Harwood litigators will be celebrating this week after edging Shearman & Sterlingoff the £300m courtroom battle between the Tchenguiz brothers and the Serious Fraud Office (SFO).

Partner Sean Jeffrey has doubled his workload, taking on Robert Tchenguiz’ case as well as his brother Vincent’s.

Bad news for Shearman & Sterling partner Josanne Rickard, who was representing Robert Tchenguiz and his investment vehicles.

Some at Stephenson Harwood know what it’s like to lose a belter of a case to another firm. The firm lost out to Addleshaw Goddard in 2011, when former BTA Bank chairman Mukhtar Ablyazov asked Addleshaws to defend a multi-billion dollar case being pursued against him.

That case has worked its way to the Supreme Court, where for the first time the justices will examine the standard form freezing injunction.

But for now, all eyes will be on the 50-day fight between Tchenguiz and the SFO, which kicks off in October.

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