Akash Sonecha

Professional practice

Akash has a broad commercial practice in line with Chambers’ profile. Akash has been instructed in a wide range of practice areas spanning Chambers’ areas of expertise, including commercial litigation and arbitration, civil fraud, banking & financial services, energy, shipping, insolvency and insurance work. Akash has appeared as sole advocate in applications in the High Court and regularly appears in the County Court in trials and applications.

Akash is instructed by the Republic of Mozambique in The Republic of Mozambique v Credit Suisse International & Ors and related proceedings, a large-scale and high-profile dispute involving 11 sets of Commercial Court proceedings with claims worth upwards of US$3 billion arising out of the “tuna bond” scandal that pushed Mozambique into a debt crisis. Akash appeared in the 12-week Commercial Court trial which took place at the end of 2023, ranked one of The Lawyer’s Top 20 Cases of 2023.

Akash was instructed by Dechert LLP to act pro bono for the Lebanese Bar Association and other victims of the Beirut port blast in August 2020 in successful proceedings commenced in the High Court in London against the alleged owner of the cargo aboard the m/v RHOSUS.

Before coming to the Bar, Akash read undergraduate Law and the Bachelor of Civil Law at St Catherine’s College, University of Oxford. Akash subsequently taught undergraduate contract, tort, property and administrative law at the London School of Economics and Merton College, University of Oxford.

Arbitration & related court applications

Akash has experience of international commercial arbitrations and related Court applications, including drafting pleadings in LCIA and UNCITRAL arbitrations and advising on applications under s.67 and s.68 of the Arbitration Act 1996.

Banking & financial services

Akash has an interest in banking and financial services disputes and has extensive experience of advising and acting in relation to the same. Examples include:

Acting (led by James Collins KC and Matthieu Gregoire) in proceedings worth over £300 million brought by Spain’s fourth largest bank, Banco de Sabadell, under various guarantees issued in relation to the sale of property portfolios [Banco de Sabadell v Cerberus Global NPL Associates, LLC & Ors].

Acting (led by Joe Smouha KC, Ciaran Keller and others) for the Republic of Mozambique in proceedings concerning claims under a purported sovereign guarantee, involving issues of the banks’ knowledge of alleged fraud and corruption [The Republic of Mozambique v Credit Suisse International & Ors and related proceedings].

Acted in a £118 million claim for breach of Quincecare duty arising from the alleged Ponzi scheme of Allen Stanford. During pupillage, Akash assisted in a strike out application in the same proceedings [Stanford International Bank (in Liquidation) v HSBC Bank Plc [2020] EWHC 2232 (Ch)].

Advised on issues of enforcement in the context of a secured Eurobond issuance using a trust deed. During pupillage, Akash assisted in an application for directions from the court as to whether the trustee of securitised loan notes could pay only certain of the beneficiaries of the notes having regard to the pari passu distribution provisions in the relevant trust deed, in circumstances where the underlying loans were tainted by illegality [Madison Pacific Trust Ltd v Privatbank [2020] EWHC 610 (Ch)].

Before coming to the Bar, Akash taught undergraduate seminars in securities and finance as part of the Property I course at the London School of Economics.

Civil fraud & asset recovery

Akash has particular interest in civil fraud and asset recovery disputes. Examples of recent cases include:

Acting (led by Richard Morgan KC, Louise Hutton KC and Felix Wardle) in an appeal to the Privy Council concerning, among other matters, the requirements of fraudulent misrepresentation and applicable law issues [Credit Suisse Life (Bermuda) Ltd v Mr Bidzina Ivanishvili & Ors]

Acting (led by Joe Smouha KC, Ciaran Keller and others) for the Republic of Mozambique in 11 sets of Commercial Court proceedings brought by and against banks and investors in respect of a purported sovereign guarantee procured by bribery and corruption in which the Republic asserts state immunity, jointly case-managed and listed for a 12- week Commercial Court trial at the end of 2023 [The Republic of Mozambique v Credit Suisse International & Ors and related proceedings].

Acted in LCIA arbitration proceedings brought by a Russian oligarch arising from a fraud.

During pupillage, Akash assisted Members of Chambers in conducting one of The Lawyer’s Top 20 Trials of 2019, an 8-week Commercial Court trial involving allegations of misrepresentation, deceit and conspiracy worth in excess of US$1 billion [Avonwick Holdings Ltd v Azitio Holdings Ltd [2020] EWHC 1844 (Comm)].

Commercial chancery disputes

Instructed as sole counsel in an application to set aside a statutory demand in relation to a c.£400m debt in the High Court.

During pupillage, Akash assisted in a number of commercial Chancery disputes, including in relation to unfair prejudice petitions, applications for directions in an insolvency, and claims in dishonest assistance and knowing receipt. Since commencing practice, Akash has appeared in the County Court and High Court in insolvency and company matters.

Commercial dispute resolution

Akash has extensive experience of all areas of commercial dispute resolution. Recent examples include:

Acting (led by James Collins KC and Matthieu Gregoire) in proceedings worth over £300 million under various guarantees concerning the interpretation of a contract for the sale of property portfolios [Banco de Sabadell v Cerberus Global NPL Associates, LLC & Ors].
Acted (led by Vernon Flynn KC) in a DIFC appeal concerning the jurisdiction’s first ever foreclosure order over the ‘last major undeveloped site in the DIFC’ valued upwards of AED 160 million [Al Rihab Real Estate Company LLC v Emirates NBD Bank PJSC [2020] DIFC CA 006].
Acted (led by Louise Hutton KC) in a dispute over the interpretation of an asset management agreement.
Acted (led by Paul Stanley KC) in an arbitration concerning a contract for the supply of gasoil under a prepayment arrangement.
Advising on issues of frustration and force majeure arising from the Covid-19 Pandemic, including in the context of an office service agreement and an aircraft lease agreement.
Acted in a claim for a contribution against a co-insurer outside of the jurisdiction.

Company & insolvency law / corporate recovery

During pupillage, Akash assisted in a number of company and insolvency law matters, including:

Assisted in an application for directions by the administrators of Lehman Brothers International (Europe) to return surplus funds to its shareholder during an ongoing liquidation [Re Lehman Brothers (International) Europe (In Administration) [2020] EWHC 1932 (Ch)].
Assisted in preparing an application to stay the appointment of provisional liquidators of a Bermudan company.

Conflict of laws & private international law

Many of Akash’s cases involve issues of private international law, including the application of foreign law. Akash has advised on issues relating to jurisdiction and applicable law in cross- border disputes and has experience of applications for permission to serve outside of the jurisdiction.

His recent instructions have involved advising and acting in relation to matters of the construction and enforceability of exclusive jurisdiction clauses, the doctrine of renvoi in tort, and applicable law issues. His recent cases have also involved expert evidence on Mozambican, Lebanese and Spanish law.

During pupillage, Akash assisted in preparing advice in relation to an application to dispute the jurisdiction of the English courts under Article 29 of Brussels Recast [Federal Republic of Nigeria v Royal Dutch Shell Plc & Anor [2020] EWHC 1315 (Comm)].

Energy & natural resources

Acted (led by Paul Stanley KC) in an arbitration concerning the supply of gasoil involving issues as to the effect of a prepayment agreement, an assignment of the right to payment and estoppel.

During pupillage, Akash assisted in a number of cases in the energy and natural resources sector, including a dispute over an oil pipeline and a civil fraud case in the energy and natural resources sector.

Insurance & reinsurance

Acting (led by John Lockey KC) in confidential arbitration proceedings concerning a reinsurance arrangement.

Acted (led by Iain Quirk KC) in cross-border proceedings brought by Generali concerning a policy of property insurance, involving jurisdictional issues [Assicurazioni Generali SPA v Futamura Mexico SA De CV and Futamura Chemical UK Limited].

Acted (led by David Walsh) in proceedings concerning the distribution of liabilities to the assured among co-insurers under a policy of marine insurance [Sveriges Ånfartgys Assurans Förening (The Swedish Club) v PICC Property and Casualty Company Limited]

During pupillage, Akash assisted on a number of insurance-related matters, including:

Advising on the scope of corporate liability cover;
Advising insurers in respect of the prospects of a defence of material non-disclosure under a D&O policy of insurance; and
A Bermuda Form arbitration.

Revenue law (including VAT, IPT, duties & excise)

Acted (led by John Wardell KC and David Scorey KC) in MTIC fraud proceedings in the Tax Tribunal, resulting in a rare award barring HMRC from further participation in the appeal [Ebuyer (UK) Ltd v HMRC [2023] UKFTT 611 (TC)].

During pupillage, Akash assisted in various matters of revenue law, including advice on the tax implications of a Bond comprising of multiple identical single premium unit-linked whole of life assurance policies.

Shipping & admiralty

Acted (led by Chris Smith KC) in limitation proceedings arising out of the grounding of a vessel.

Unjust enrichment & restitution claims

Akash has experience advising on complex claims in unjust enrichment, including the identification of causes of action, quantification and the ouster of claims by statutory remedies.

Career

2020 – Tenant at Essex Court Chambers

2019-2020 – Pupil at Essex Court Chambers (supervised by Louise Hutton)

2019: Called to the Bar (Inner Temple)

2018-2019 – Lecturer in Law, Merton College, University of Oxford (Administrative Law)

2018-2019 – Guest Teacher, London School of Economics (Law of Obligations: contract and tort)

2018-2019 – Guest Teacher, London School of Economics (Property I: property and political theory)

Education

2018-2019 – BPTC, City, University of London

2017-2018 – Bachelor of Civil Law, St Catherine’s College, University of Oxford

2014-2017 – BA Jurisprudence, St Catherine’s College, University of Oxford (ranked 5th in year)

Awards