Raoul has significant white collar, investigatory and regulatory experience.

He has conducted internal investigations for corporates, defended corporates and individuals against criminal prosecution in the UK and internationally, been involved in the prosecution of corporates and individuals on behalf of the SFO, undertaken significant investigative work for the FCA’s enforcement division, and been instructed by the IOMFSA.

Notably, he has been involved in both the defence and prosecution of a corporate in the context of a Deferred Prosecution Agreement (in the Standard Bank and G4S Care & Justice Services (UK) Ltd cases, respectively).

Highlights include:

• Assisting the Isle of Man Financial Services Authority in the investigation and early settlement of matters relating to Trident Trust Company (I.O.M) Limited & R&M Management (I.O.M.) Limited.
• Appointment to the SFO’s Prosecution C Panel from December 2020 (until August 2024) and acting for the SFO for a number of years on a major fraud case.

• Assisting the enforcement division of the Financial Conduct Authority (“FCA”) on three confidential financial regulatory matters across 2019 and 2020.
• SFO v. G4S Care & Justice (UK) Limited – Deferred Prosecution Agreement. Instructed by the SFO and led by Crispin Aylett KC and Hannah Willocks KC. G4S C&J accepted responsibility for three offences of fraud and agreed to payment of a financial penalty of £38.5m as well as the SFO’s full costs of £5.9m. Additionally, the terms of the DPA bound them into wide-ranging compliance obligations and improvements. Full details here: https://www.sfo.gov.uk/2020/07/17/sfo-receives-final-approval-for-dpa-with-g4s-care-justice-services-uk-ltd/. *Note: The DPA only relates to the potential criminal liability of G4S C&J and does not address whether liability of any sort attaches to any employee, agent, former employee or former agent of G4S C&J.
• Appearing on behalf of the Nurses and Midwifery Council (“NMC”) before a variety of tribunals and on multiple matters at the Interim Order, Substantive Hearing, Substantive Order Review and Restoration Application stages of their Regulatory proceedings. Representations include the substantive hearing of NMC v. P, which involved allegations of physical misconduct by a nurse towards an elderly resident of a care home.
• Undertaking a nine month secondment to the SFO’s Fraud Division (2017-18).
• Instructed by the SFO as sole LPP counsel on a high profile fraud case (2016-2017).
• Appointment to SFO’s Disclosure Panel (2017).
• Part of the team which advised the joint administrators of British Homes Stores after its collapse following its administration by the Arcadia Group (Sir Philip Green) and then Retail Acquisitions Limited (Dominic Chappell).
• SFO v. ICBC Standard Bank Plc – Deferred Prosecution Agreement. Part of the defence team for a major international bank over a near three-year period concerning their potential liability under s.7 of the UK Bribery Act. The case featured an international internal investigation, self-report to the SFO, negotiations with the DoJ (who ultimately declined to continue their investigation given the UK resolution) SEC and Tanzanian authorities, and ultimately the successful negotiation of the UK’s first ever DPA as approved by Leveson LJ on 30 November 2015. (Serious Fraud Office v. ICBC Standard Bank Plc Case No: U20150854)
• Advising on and undertaking a confidential internal investigation at a major global retailer concerning allegations of impropriety including audit obstruction and kickbacks at a key subsidiary following a whistle-blower report.
• Advising a major international corporation on their potential liability under the UK Bribery Act in respect of a proposed corporate event involving foreign dignitaries.
• Assisting a high profile solicitor in respect of a police investigation and linked ongoing criminal proceedings. The investigation focused on potential conspiracy, and offences including money laundering.
• Assisting two high-net-worth individuals in respect of a police investigation into money laundering.
• Advising a purchaser as to their potential liabilities and risk in respect of certain ABC, AML, KYC and Regulatory and Compliance issues within a target group.

Raoul has been instructed on, and assisted with, general Commercial litigation of significant breadth. Highlights include:

• Instruction in the High Court on behalf of a high-profile professional; successfully resisted an application for indemnity costs where proceedings has been discontinued.
• Appearing on behalf of two separate commercial real estate entities in respect of possession hearings concerning trespassers in the High Court and County Court, respectively.
• Instruction in various trials and interim hearings in the County Courts including relating to contractual disputes and tortious claims.
• A three-month secondment to the Pension Protection Fund. Assisted with a wide range of commercial issues.
• Instruction by the Government Legal Department to assist on (i) a commercial dispute involving alleged violations of the European Convention of Human Rights, and (ii) a judicial review brought by the backto60 campaign (concerning increases in the state pension age for women).
• Advising a leading US private equity Firm following their purchase of a UK company on their warranty claims pursuant to an SPA, and specifically failures of disclosure in respect of certain licenses and royalty arrangements.

• Advising a multinational oil and gas company in respect of an arbitration and settlement concerning alleged breaches of certain FPSO charter and service agreements and unpaid invoices.
• Advising a major European investment management group, including procuring settlement, on their ability to enforce a multi-million Euro investment option.
• Advising a leading international automotive group on a number of matters including the setting aside of Default Judgment against a UK subsidiary, securing the withdrawal of a winding up petition in the Chancery Courts, and negotiating and facilitating a confidential settlement in respect of a commercial contract.
• Advising a high net worth individual in a contentious shareholder dispute in the context of an anticipated IPO.
• Advising a multinational oil and gas company in respect of a commercial dispute including on prospects of success, launching Commercial Court proceedings, obtaining permission to serve out and an extension of time, prior to staying matters pending the outcome of foreign proceedings.
• Assisting on a complex commercial dispute focusing on the validity of various contracts which culminated in a two-week trial in the Chancery Division. (Sibir Energy Limited v Slocom Trading Ltd [2012] EWHC 3464 (Ch))
• Work on several other matters in various stages of the litigation process, including several specialist disclosure roles on large and complex civil cases including for manufacturing and real estate investment clients.

In addition to his white collar crime, investigative and general commercial experience, Raoul has experience of civil fraud and asset recovery. Highlights include:

• Advising a former AIM listed company in respect of a suspected international, multi-million dollar fraud. The action included claims against an international bank and the filing of an overseas criminal complaint.
• Advising a prestigious Liechtenstein-based arts and antiquities trust and its high-profile beneficiary over a number of years on a global recovery strategy including settlement agreements, foreign proceedings (including criminal proceedings) and a Commercial Court action which led to a Summary Judgment in favour of the client, a worldwide freezing order and an order for contempt of court against the Defendant. (Khalili Familenstiftung v. Dowlatshahi [2013] EWHC 220 (Comm), and Familienstiftung v. Dowlatshahi [2013] EWHC 1247 (Comm).
• Assisting in the obtaining of a UK freezing order for a major middle eastern bank in support of foreign proceedings.
• Advising the Claimants in Commercial Court proceedings including coordinating a complex international service process and obtaining Default Judgment against certain Defendants, prior to negotiation of a stay with the extant Defendants. In addition, advising on strategy in light of concurrent and related criminal proceedings, and their impact on the civil case.

• IOMFSA investigations into Trident Trust Company (I.O.M) Limited and R&M Management (I.O.M.) Limited
• Serious Fraud Office v. G4S Care & Justice (UK) Limited, Case No: U20201392 (see above for full details*).
• Two-year involvement with FCA financial regulatory enforcement actions.
• British Home Stores (in administration).
• Serious Fraud Office v. ICBC Standard Bank Plc, Case No: U20150854.
• Khalili Familenstiftung v. Dowlatshahi [2013] EWHC 220 (Comm).
• Familienstiftung v. Dowlatshahi [2013] EWHC 1247 (Comm).
• Sibir Energy Limited v Slocom Trading Ltd [2012] EWHC 3464 (Ch).

• SFO Prosecution C Panel (2020).
• SFO Disclosure Panel (2017).

• “He is a hard worker, and he is very smart. He understands the economic crime landscape” SFO Case Controller
• “Technically brilliant, bring clarity to complex issues…just great to work with” White Collar Defence Solicitor
• “As my junior, I know that I can always rely on him…highly intelligent, always exceptionally well prepared” Leading Counsel
• “Written advocacy of a very high standard” SFO Case Controller
• “The barrister you want on your team when the stakes are high and the hours long” White Collar Defence Solicitor