Barnaby C.Stueck

Partner

London + 44.20.7039.5234

Barnaby Stueck's practice is concentrated on multijurisdictional commercial litigation and arbitration, with particular emphasis on complex fraud, asset tracing and enforcement, contentious insolvency, and investment fund disputes.

Chambers describes Barnaby as "superb technically," "the man for complex international stuff," "his strategy is excellent," and the "real deal in terms of asset tracing work." Barnaby is a leader in the Firm's top tier civil fraud and enforcement practice, referred to as "probably the best fraud team in London." The Legal 500 describes him as "fantastic on anything with an insolvency angle." His clients are predominantly fund managers, their investors, corporates, ultra-high-net-worth individuals (UHNWIs), and insolvency practitioners.

His recent caseload has involved acting for an oil trading company in US$300m proceedings against former directors for unlawful means conspiracy; acting for Project Today in its defense of high-profile proceedings and search orders brought by Ocado; advising a major creditor of the Abraaj private equity group in relation to complex, cross-border claims against Cayman Islands fund entities; advising British Virgin Islands (BVI) liquidators of a substantial limited partnership in relation to its dissolution, restructuring, and related litigation; acting for a private equity fund in arbitration proceedings against its placement agent; and obtaining a $450m judgment for the liquidators of Weavering Capital, the failed hedge fund manager, in their fraud proceedings against former directors and employees.

Barnaby leads the Firm's offshore disputes team. His recent cases have involved most of the offshore jurisdictions, United Arab Emirates (UAE), France, Turkey, Italy, Georgia, Estonia, Latvia, Serbia, Switzerland, and Russia.

Experience

  • Clients seek advice in connection with criminal investigation and potential criminal and civil claims relating to alleged fraud of over US$1 billionJones Day is advising clients in connection with a criminal investigation and potential criminal and civil claims relating to an alleged fraud of over US$1 billion.
  • KPMG acts as insolvency officeholder of Caribbean property developer HarlequinJones Day is advising Brian Glasgow of KPMG as bankruptcy trustee of Harlequin Property (SVG) Limited ("HPSVG") and Brian Glasgow and Craig Waterman of KPMG as joint liquidators of Harlequin Resorts (St. Lucia) Limited.
  • Saudi businessman brings investment arbitration proceedings against Middle Eastern stateJones Day represents a Saudi Arabian businessman in investment arbitration proceedings against a Middle Eastern state.
  • Crude oil trading company brings fraud action in Switzerland against former directorsJones Day represents a regulated crude oil trading company in connection with ongoing fraud proceedings brought by it in Switzerland against a number of its former directors.
  • Company defends multijurisdictional dispute relating to sale of oil exploration block in NigeriaJones Day is representing a client in relation to a high profile and high value multi-jurisdictional dispute regarding the allegedly corrupt sale of a very lucrative oil exploration block in Nigeria.
  • High net worth family seeks counsel on settlement affecting worldwide assetsJones Day provided advice in relation to the enforcement of a multibillion dollar judgment against an ultra high net worth family with assets settled on multiple trusts throughout the world, including in relation to worldwide freezing and receivership orders over trust companies and their assets in the United States, Switzerland, Luxembourg, and the British Virgin Islands.
  • Arcadia Petroleum pursues fraud proceedings against former directorsJones Day represents Arcadia Petroleum Limited, a regulated crude oil trading company based in London (and other companies of its corporate group), in connection with ongoing High Court fraud proceedings brought by the Arcadia Group against a number of its former directors and associated companies.
  • Cement Invest acquires from HeidelbergCement 50 percent of its Georgian businessJones Day advised Hunnewell Partners, in connection with its formation of Cement Invest B.V., a joint venture with the Georgian Co-Investment Fund, and Cement Invest’s acquisition from HeidelbergCement Central Europe East Holding B.V. of 50 percent of the voting interests in its Georgian business.
  • Koch Supply & Trading sells Rotterdam splitter to VitolJones Day advised Koch Supply & Trading on the sale of its Rotterdam located 85,000 barrel a day oil refinery to Vitol.
  • Värde Partners sells NewDay to Cinven and CVC Capital PartnersJones Day advised the management team of NewDay Cards in connection with the sale of the company by Värde Partners to funds managed and/or advised by Cinven and CVC Capital Partners.
  • Liquidators seek advice in relation to dissolution of BVI limited partnershipJones Day is acting as lead advisers to Kenneth Krys and John Greenwood of KRyS Global in their capacity as joint dissolution trustees of Value Discovery Partners L.P. ("VDP"), a very substantial private equity fund.
  • Company brings shareholder multiple derivative action in Cayman Islands Grand Court alleging conspiracyJones Day is representing a company in a shareholder multiple derivative action listed for a six week trial in the Cayman Islands, involving novel points of Cayman Islands law and allegations of conspiracy.
  • Liquidators of Cayman Islands fund secure $22.5 million of assetsJones Day is advising the liquidators of Hadar Fund Ltd. in proceedings initiated following the discovery that substantial payments were made for the benefit of two of the beneficial owners of its investment manager in connection with one of the investments made by the Fund.
  • Global real estate developer defends against ICC arbitration claim arising from failed Romanian projectsJones Day advised a global real estate developer in its defense of an ICC arbitral claim seeking EUR 17 million in damages for an alleged breach of contract arising out of failed Romanian joint venture real estate development projects.
  • High net worth individual brings shareholder claim against cofounder of IT companyJones Day is advising a high net worth individual in relation to a shareholder dispute with his cofounder of a highly successful IT company that develops and markets software for the health sector.
  • High net worth individuals win professional negligence claim against former solicitorsJones Day successfully advised two high net worth individuals on their claim for professional negligence against their former solicitors.
  • Weavering Capital secures $450 million judgment in largest hedge fund fraud in British historyIn May 2012, the English High Court handed down a $450 million judgment against Magnus Peterson and three other directors and senior employees of Weavering Capital (UK) Limited, the London based manager of the Weavering Macro Fixed Income Fund Limited (the "Macro Fund"), a Cayman Islands hedge fund that collapsed in March 2009, in an action where Jones Day acted for Duff & Phelps, the liquidators of Weavering Capital (UK) Limited.
  • Bombardier Aerospace defeats customer's attempt to reject aircraft and claim return of approx US$30 million purchase priceJones Day represented Bombardier Aerospace in its defense to Air Transworld's claim that the customized Challenger 605 aircraft manufactured and sold by Bombardier was not fit for purpose, of satisfactory quality or in correspondence with description, and defeated Air Transworld's attempt to reject the aircraft and claim the return of the purchase price paid (approx. US$30 million).
  • Metro Baltic Horizons, property investment company, investigates claims against former directors, investment manager, and investment advisorJones Day is advising Metro Baltic Horizons Plc, an AIM listed property investment fund, in connection with claims arising out of investigations into the activities of its previous directors, investment manager, investment advisor and other professional advisors, including the individuals behind the entities.
  • Consortium of 700 investors seeks advice in £320 million tax-driven collective investment schemeJones Day is advising investors in a tax-driven scheme to invest in carbon emission trading and research and development.
  • Speaking Engagements

    • December 2019
      Presentation to global in-house team of international client on cross-border privilege issues
    • May 7-10, 2019
      London International Disputes Week 2019 - Fraud, Asset Tracing & International Enforcement Panel Session
    • January 3, 2019
      Proprietary Claims in Insolvency Fraud and Asset Tracing Conference
    • May 17, 2018
      Managing Investment Risk in Emerging Markets: From Structuring to Enforcement
    • September 2016
      The Biggest Changes in English Insurance Law in 250 years - presentation on the impact of the Insurance Act 2015
    • September 2016
      Mourant Ozannes / South Square Litigation Forum - Fraud Panel
    • February 2016
      Maples Investment Funds Forum - Hedge Fund Litigation panel
    • June 2013
      Presentation on hedge fund frauds to the British Virgin Islands Restructuring and Insolvency Specialists Association
    • March/June 2013
      Fund Managers and Fund Directors: Liability and Risk Management - Presentation to Asset Management Division of Investment Bank
    • December 2012
      The impact of Weavering on the Hedge Fund Industry, Hedge Fund Operations & Executive Responsibility Conference
    • November 2012
      Hedge fund operational failure, Duff & Phelps Alternative Investments Conference
    • October 16, 2012
      Financial Litigation, Disputes, and Enforcement - Regulatory and Criminal Investigations and White Collar Crime panel, NERA Seminar
    • September 2012
      Operational Due Diligence and Operational Risk, Wealth Management Firm
    • August 2012
      Hedge Fund fraud - presentation to Hedge Fund administrator
    • July 10, 2012
      The Lasting Effects of the Weavering Storm
    • July 5, 2012
      The Collapse of Weavering Capital – lessons for Directors and Fund Service Providers, major Jersey law firm event
    • June 2012
      Reacting to crisis: AIM frauds and dawn raids, Seminar for Nominated Advisers for the Alternative Investment Market
    • 2012
      Weavering Case - What are the Implications for Irish Funds and Directors, keynote speaker, major Irish law firm conference
    • 2008
      Fraud, Seminar for the Asset Based Lenders Association
    • 2006
      Corporate due diligence and risk assessment, Seminar for the Royal Bank of Scotland Commercial Services Limited
    • 2005
      Guarantees and Indemnities, Seminar for the Royal Bank of Scotland Commercial Services Limited