Osborne Clarke wins role for Tchenguiz group on SFO probe

Osborne Clarke has won a role acting for property tycoons Robert and Vincent Tchenguiz’s R20 Group in relation to a Serious Fraud Office (SFO) investigation into the collapse of Icelandic bank Kaupthing.

Reykjavík, Iceland
Reykjavík, Iceland

An R20 spokesperson confirmed that Osborne Clarke had “a junior role” and that BCL Burton Copeland was chief adviser to Robert Tchenguiz and R20, senior partner Ian Burton leading.

The brothers, along with five other men, were arrested in dawn raids of their London offices by SFO and City of London enforcement officers.

Osborne Clarke’s relationship with the Tchenguiz brothers began in August 2009 when real estate partner Nick Simpson advised their company R20 Group on the sale of Lloyd House in Birmingham to the West Midlands Police Authority.

Simpson’s relationship with the family dates back to his time with previous firm Olswang, which he left to join Osborne Clarke in May 2009.

Separately, the Tchenguiz Family Trust is engaged in a £1.8bn fraudulent misrepresentation claim against Kaupthing. Stephenson Harwood senior associate Richard Garcia has instructed Gabriel Moss QC of 3-4 South Square to represent the family trust (21 February 2011).

New Square Chambers’ Robert Levy QC has been instructed by Weil Gotshal & Manges to act for the bank’s liquidators.

Edwards Angell Palmer & Dodge partner Antonio Suarez-Martinez has instructed Brick Court’s Mark Howard QC to represent the Tchenguiz Discretionary Trust in the jurisdictional matter in support of the claim.

The US firm is also thought to be acting for at least one of the brothers on the SFO investigation.