Firm / Organisation

XXIV Old Buildings

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Head of Chambers: Alan Steinfeld QC
Chambers Director: Sue Medder
Tenants: 45

THE CHAMBERS
XXIV Old Buildings is a specialist commercial and chancery chambers based in London with an annexe in Geneva. The members have an unrivalled reputation for their commercial and chancery work both internationally and domestically. Top ranked in Chancery; traditional and offshore in Chambers and Partners 2018, their strength and breadth of expertise can be demonstrated by the frequency of their appearance in courts of other jurisdictions, with members called to the Bars of Jersey, the BVI, Bermuda, St Vincent, the Cayman Islands, Dubai (DIFC), and other leading international financial centres such as the ADGM Abu Dhabi and the court in AIFC (Astana) in a judicial capacity. The Chambers is recognised as one of the most forward-thinking and innovative sets at the London Bar.

WORK UNDERTAKEN
The calibre of XXIV Old Buildings’ practice is evidenced by the cases in which members are routinely instructed undertaking litigation, arbitration and the provision of advice across the full range of commercial and chancery work, from UK commercial litigation and insolvency work to truly international litigation and arbitration involving large-scale business disputes, fraud and asset tracing, and cross-border insolvency and restructuring; and to ‘traditional’ chancery matters such as private family trust and succession disputes. This broad base of expertise is supplemented by members’ specialist experience in fields such as hedge funds/SIVs; financial derivatives (spread betting/CFDs etc.); and aviation. Members are also highly experienced arbitrators and mediators.
Some examples of work are set out below:

Investec Trust v Glenalla Properties Ltd & Others: This claim by the liquidators for more than £180m against the former trustees of a Jersey trust raised complex issues relating to the rights of trust creditors to enforce their claims against trustees and trust assets, conflicts of laws, and unjust enrichment.
Société Générale v Goldas: A successful strike out of claims by the bank to recover gold bullion worth $480m and an inquiry as to the damage caused by wrongly maintained freezing orders. The bank failed to persuade the court that its defective attempts at service should be treated as valid.
Property Alliance Group v The Royal Bank of Scotland: One of the most advanced LIBOR fixing cases before the English CoA in 2018. The case gave rise to interesting interlocutory decisions relating to disclosure and privilege in the context of financial services.
Carlyle Capital Corporation Limited (in liquidation) & Others v Conway & Others: A $2 billion claim arising from a collapsed investment fund incorporated in Guernsey. Judgment handed down in September 2017 dismissed all claims against the defendants. An appeal to the Guernsey Court of Appeal has since been dismissed and It is expected that there will now be an appeal to the Privy Council.
Perry v Lopag Trust Reg and Ors: A multi-jurisdictional dispute involving allegations of malpractice against a major Swiss bank, international litigation to recover assets on behalf of members of the family with proceedings in England, the Cayman Islands, the BVI, Liechtenstein, Curacao and Delaware.
Re X Trusts: One of the largest and most fiercely fought commercial chancery disputes of 2018. Counsel appeared for opposing sides in the Supreme Court of Bermuda in an application by one group of beneficiaries to remove the trustees of a trust structure said to be worth in the region of £5 billion.
Akhmedova v Akhmedov: High-profile claims to enforce judgment in the sum of £453million (the highest divorce order made in the Family Division). Enforcement proceedings issued in the DIFC in support of the English order.

Members

Martin Mann QC (1968) (QC-1983)

Alan Steinfeld QC (1968) (QC-1987)

Michael Black QC (1978) (QC-1995)

Stephen Moverley Smith QC (1985) (QC-2002)

Philip Shepherd QC (1975) (QC-2003)

Francis Tregear QC (1980) (QC-2003)

David Brownbill QC (1989) (QC-2008)

Elspeth Talbot Rice QC (1990) (QC-2008)

Robert Levy QC (1988) (QC-2010)

Steven Thompson QC (1996) (QC-2015)

Tom Montagu-Smith QC (2001) (QC-2017)

Lyndsey de Mestre QC (1999) (QC-2018)

Edward Cumming QC (2006) (QC-2018)

Michael King (1971)

Richard Ritchie (1978)

Michael Gadd (1981)

Elizabeth Weaver (1982)

Helen Galley (1987)

Ian Meakin (1991)(Geneva)

Arshad Ghaffar (1991)

Marcus Staff (1994)

Stuart Adair (1995)

Alexander Pelling (1995)

Bajul Shah (1996)

Jessica Hughes (1997)

Nicole Langlois (2008)

Edward Knight (1999)

Sarah Bayliss (2002)

Oliver Assersohn (2003)

Adam Cloherty (2005)

Erin Hitchens (2006)

Andrew Holden (2007)

Owen Curry (2009)

Daniel Warents (2009)

Hugh Miall (2009)

Heather Murphy (2009)

Kira King (2011)

Matthew Watson (2012)

Robert Avis (2013)

Timothy Sherwin (2014)

Tom Stewart Coats (2014)

Alina Gerasimenko (2015)

Ben Waistell (2015)

James Fennemore (2017)

Emma Hughes (2019)

Sparsh Garg (2019)

Graham Virgo QC (1989)*

Dr Matthew Conaglen (1995)*

* Academic Member