Practice overview

Sri is recommended as a leading junior in all her practice areas: civil fraud, commercial litigation, company law and insolvency.

She has been described in the legal directories as “a superb and quick-thinking advocate” who “punches above her weight”, is “very bright and commercial”, and has “excellent client-handling skills”.

Much of Sri’s practice focuses on fraud claims, often involving wrongdoing by directors. She also specialises in shareholder, joint venture and contractual disputes, as well as insolvency applications on behalf of officeholders and creditors. She is frequently instructed on complex cross-disciplinary disputes with an international dimension.

Sri is an experienced trial advocate and has appeared both as sole counsel and with a leader in high-value Commercial Court and Chancery Division matters, as well as in arbitrations and in the Court of Appeal. She has succeeded in a number of claims that have required her to undertake extensive cross-examination in respect of allegations of fraud and dishonesty.

Commercial disputes

Sri is instructed in a broad range of commercial matters, including fraud claims, disputes involving directors and shareholders and contractual claims. Many of her cases have an international element and involve advising on urgent interim relief, including freezing injunctions, and asset recovery. Her technical expertise in company law and insolvency is frequently of assistance in difficult commercial cases.

Recent work includes:

  • Acting in a high-value dispute between members of a prominent Hong Kong family concerning alleged inter-company debt within the family’s global property group.
  • Acting for an investment professional in a dispute with a global investment group over its alleged wrongful expropriation of his substantial financial interest in one of its private equity funds upon the restructuring of that fund. Led by Nikki Singla KC.
  • CLO HoldCo Limited v Highland CLO Funding Limited [2023] GRC061. Acting for the successful Respondent in a complex, high-value unfair prejudice petition in Guernsey, which raised interesting issues about the duty of good faith and the role of equitable considerations in commercial relationships. Led by Alan Gourgey KC.
  • Tulip Trading v Van der Laan [2023] EWCA Civ 83. Acting for the Claimant in this leading cryptocurrency case, with a value of many £billions. Sri was part of the team (led by John Wardell KC) that successfully opposed jurisdictional challenges in the Court of Appeal [2023] EWCA Civ 83.
  • Acting for the Defendants in a claim for a substantial sum said to be due under a guarantee, defended on the basis that a separate agreement was entered into to release and/or not enforce the guarantee. Sole counsel.
  • Acting in a large-scale deceit claim concerning a project to develop a polo community in the Bahamas. Sole counsel.
  • Acting for one of Europe’s largest sports agencies in a dispute with one of its former directors over his alleged misappropriation of funds and business opportunities. Sole counsel.
  • Floreat Investment Management Limited v Churchill & Ors [2022] EWHC 357 (Comm): Acting for the manager of a Cayman Islands investment fund in a multimillion-dollar three-week fraud trial in the Commercial Court against the fund’s former investment advisers.
  • Acting for a creditor in the expert determination of an £80 million contractual dispute arising out of the much-publicised liquidation of public sector contractor Carillion.
  • Acting for a US-based oil company in an LCIA arbitration of a joint venture dispute concerning oil and gas fields in Egypt and the validity of cash calls issued under the operating agreement.
  • Ad hoc arbitration concerning the interpretation of a multimillion-pound contract entered into by the Ministry of Defence.
  • MDS Accident Repair Centre Limited (in liquidation) v Dudey & Ors: Acting for the claimant in an eight-day trial of a breach of duty/knowing receipt claim in which it was alleged that the company’s de facto directors had diverted the company’s funds to their own corporate entities. Sole counsel.

Download Commercial disputes CV

  • Quote symbolA ferocious intellect, laser-like attention to detail and a trojan-like work ethic, Sri is a super junior destined to be a super silk.

    The Legal 500 2024

  • Quote symbolSri is a fantastic junior who continues to perform to a very high standard in all areas of her practice.

    Chambers & Partners 2024

  • Quote symbolSri’s a great advocate. She is very good on her feet and is able to read the judge and the room well, and change tack as required. She is diligent, responsive, and has great client handing skills.

    The Legal 500 2024

  • Quote symbolSri is very bright, calm and confident. She gives excellent commercial advice and is a pleasure to work with.

    The Legal 500 2024

  • Quote symbolSri punches above her weight even when taking on leading KCs on difficult applications.

    Chambers & Partners 2023

Commercial disputes insights & events View all thought leadership View all events

  1. Placeholder

    Recent Cases

    Royal Court of Guernsey dismisses a substantial unfair prejudice application in CLO HoldCo Limited v Highland CLO Funding Limited [2023] GRC061

    Commercial disputes, Company law, Insolvency, International / offshore

    Alan Gourgey KC | Sri Carmichael
    Monday 18 December 2023

    View more
  2. Placeholder

    Events / Webinars

    Wilberforce Fraud, Trusts & Asset Recovery Conference 2023

    Wednesday 8th November 2023 | 12.45pm - 5.30pm, followed by drinks
    Courthouse Hotel Shoreditch, London

    £120 + VAT | 3.5 CPD

    View more
  3. Placeholder

    Events / Webinars

    Wilberforce Commercial Litigation Conference 2023

    Thursday 12th October 2023 | 12.30pm - 6pm, followed by drinks
    The Langham, London

    £130 + VAT | 4.0 CPD

    View more
  4. PlaceholderPast Conference

    External Conferences

    TL4 Crypto in Disputes

    Wednesday 28th June 2023 | 9am - 5.15pm
    Leonardo Royal Hotel Tower Bridge

    Speakers:
    Sri Carmichael

    View more

View all thought leadership View all events

Civil fraud and asset recovery

Sri has acted in substantial commercial fraud claims, including conspiracy claims. She has considerable experience cross-examining on allegations of fraud and dishonesty and is frequently instructed in disputes with a company law or insolvency angle due to her cross-discipline expertise.

Recent work includes:

  • Acting in a large-scale deceit claim concerning a project to develop a polo community in the Bahamas. Sole counsel.
  • Floreat Investment Management Limited v Churchill & Ors [2022] EWHC 357 (Comm): Acting for the manager of a Cayman Islands investment fund in a multimillion-dollar three-week fraud trial in the Commercial Court against the fund’s former investment advisers.
  • Acting for one of Europe’s largest sports agencies in a dispute with one of its former directors over his alleged misappropriation of funds and business opportunities. Sole counsel.
  • Advising on urgent injunctive relief against a former employee impersonating his former employer and using its confidential information to defraud the employer and its customers and suppliers. Sole counsel.
  • MDS Accident Repair Centre Limited (in liquidation) v Dudey & Ors: Acting for the claimant in an eight-day trial of a breach of duty/knowing receipt claim in which it was alleged that the company’s de facto directors had diverted the company’s funds to their own corporate entities. Sole counsel.
  • Harry v Harry & Salisbury Autistic Care Limited: Succeeded in the trial of a shareholder dispute concerning the fraudulent diversion of a multimillion-pound care home business. Sole counsel.
  • Defending former consultants to the commercial arm of a leading university who were alleged to have misappropriated confidential information worth millions of pounds in respect of computer gaming programs developed for the military and police. Sole counsel.
  • Acting for a US-based shareholder of a technology company operating from the Ukraine in a dispute concerning apparently fraudulent conduct by the company’s other shareholders. Sole counsel.
  • Acting for a private bank and its directors in a multimillion-pound commercial fraud claim concerning misappropriation of confidential information and a maturing investment opportunity. Sole counsel.
  • Acting for a renewable energy company in a claim against a former director for diverting business opportunities. Sole counsel.
  • Defending former employees of a Norwegian media firm against allegations of breach of duty, breach of confidence, knowing receipt and conspiracy in a claim that raised conflict of laws issues. Sole counsel.

Download Civil fraud and asset recovery CV

  • Quote symbolA ferocious intellect, laser-like attention to detail and a trojan-like work ethic, Sri is a super junior destined to be a super silk.

    The Legal 500 2024

  • Quote symbolSri is a fantastic junior who continues to perform to a very high standard in all areas of her practice.

    Chambers & Partners 2024

  • Quote symbolSri’s a great advocate. She is very good on her feet and is able to read the judge and the room well, and change tack as required. She is diligent, responsive, and has great client handing skills.

    The Legal 500 2024

  • Quote symbolSri is very bright, calm and confident. She gives excellent commercial advice and is a pleasure to work with.

    The Lega 500 2024

  • Quote symbolSri punches above her weight even when taking on leading KCs on difficult applications.

    Chambers & Partners 2023

Civil fraud and asset recovery insights & events View all thought leadership View all events

  1. Placeholder

    Events / Webinars

    Wilberforce Fraud, Trusts & Asset Recovery Conference 2023

    Wednesday 8th November 2023 | 12.45pm - 5.30pm, followed by drinks
    Courthouse Hotel Shoreditch, London

    £120 + VAT | 3.5 CPD

    View more
  2. PlaceholderPast Conference

    External Conferences

    When can a crypto exchange be found negligent for failing to prevent fraud of a customer / shareholder

    Friday 9th June 2023 | 2pm - 3pm
    Online

    Free to attend | 1.0 CPD

    Speakers:
    Sri Carmichael

    View more
  3. Placeholder

    Events / Webinars

    Civil Fraud Conference 2023

    Thursday 8th June 2023 | 12.15pm - 5.55pm followed by drinks & canapés
    The View at The Royal College of Surgeons, Lincoln's Inn Fields, WC2A 3PE

    £130 + VAT | 4.0 CPD

    View more
  4. PlaceholderPast Conference

    External Conferences

    LIDW23: Liability of crypto exchanges in a changing world: the law, developments and trends

    Wednesday 17th May 2023 | 2pm - 3pm
    London

    1.0 CPD

    Speakers:
    Sri Carmichael

    View more

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Sri's expertise

Download Company law CV

Company law

Sri frequently acts in unfair prejudice petitions, claims for breaches of shareholders’ agreements and claims against directors. She also advises on technical aspects of company law concerning corporate governance, including meetings and resolutions, and has experience of joint venture disputes.

Sri has successfully acted as sole counsel in lengthy unfair prejudice and breach of duty trials involving allegations of fraud and dishonesty.

Recent work includes:

  • Acting for an investment professional in a dispute with a global investment group over its alleged wrongful expropriation of his substantial financial interest in one of its private equity funds upon the restructuring of that fund. Led by Nikki Singla KC.
  • CLO HoldCo Limited v Highland CLO Funding Limited [2023] GRC061. Acting for the successful Respondent in a complex, high value unfair prejudice petition in Guernsey, which raised interesting issues about the duty of good faith and the role of equitable considerations in commercial relationships. Led by Alan Gourgey KC.
  • Advising minority shareholders in respect of two related unfair prejudice petitions concerning global mining companies.
  • Harry v Harry & Salisbury Autistic Care Limited: Succeeded in the liability trial of an unfair prejudice petition between two brothers concerning the fraudulent diversion of a multimillion-pound care home business. Sole counsel.
  • Acting for one of Europe’s largest sports agencies in a dispute with one of its former directors over his alleged misappropriation of funds and business opportunities. Sole counsel.
  • MDS Accident Repair Centre Limited (in liquidation) v Dudey & Ors: Acting for the claimant in an eight-day trial of a breach of duty/knowing receipt claim in which it was alleged that the company’s de facto directors had diverted the company’s funds to their own corporate entities. Sole counsel.
  • Enterprise Insurance Company plc (in liquidation) v EHL Realisations Limited & Ors: Acting as part of the counsel team instructed by the claimant on this complex £50m fraudulent breach of duty claim in the Supreme Court of Gibraltar arising out of the much-publicised collapse of one of Gibraltar’s largest insurers. Focused on the financial assistance element of the claim.
  • Acting for a US-based shareholder of a technology company operating from the Ukraine in a multimillion-pound dispute for breach of the shareholders’ agreement. Sole counsel.
  • Acting for a minority shareholder in a dispute over the operation of an eyewear company which involved misappropriation of company assets and a threatened rights issue to dilute the client’s shareholding. Sole counsel.
  • Acting for a director and shareholder in a dispute over ownership of the company and rectification of the register of members, involving a claim for proprietary estoppel. Sole counsel.

Download Company law CV

  • Quote symbolA ferocious intellect, laser-like attention to detail and a trojan-like work ethic, Sri is a super junior destined to be a super silk.

    The Legal 500 2024

  • Quote symbolSri is a fantastic junior who continues to perform to a very high standard in all areas of her practice.

    Chambers & Partners 2024

  • Quote symbolSri’s a great advocate. She is very good on her feet and is able to read the judge and the room well, and change tack as required. She is diligent, responsive, and has great client handing skills.

    The Legal 500 2024

  • Quote symbolSri is very bright, calm and confident. She gives excellent commercial advice and is a pleasure to work with.

    The Legal 500 2024

  • Quote symbolSri punches above her weight even when taking on leading KCs on difficult applications.

    Chambers & Partners 2023

Company law insights & events View all thought leadership View all events

  1. Placeholder

    Recent Cases

    Royal Court of Guernsey dismisses a substantial unfair prejudice application in CLO HoldCo Limited v Highland CLO Funding Limited [2023] GRC061

    Commercial disputes, Company law, Insolvency, International / offshore

    Alan Gourgey KC | Sri Carmichael
    Monday 18 December 2023

    View more
  2. Placeholder

    Events / Webinars

    Wilberforce Insolvency Conference 2022

    Wednesday 13 July 2022 | 12.20pm - 6pm, followed by drinks
    Convene (and online via Zoom), 22 Bishopsgate, London EC2N 4BQ

    £120 + VAT | 4.0 CPD

    View more

View all thought leadership View all events

Sri's expertise

Download Insolvency CV

Insolvency

Sri acts for officeholders, creditors, companies and company directors in respect of winding up petitions and injunctions to restrain, antecedent transactions, allegations of misfeasance and wrongful trading, and other issues arising out of liquidations, administrations and CVAs.

Sri is also instructed by trustees in bankruptcy, creditors and debtors in respect of statutory demands, bankruptcy petitions (including annulment and rescission applications), IVAs and debt relief orders.

Recent work includes:

  • Ackerman v Leeds, Hellard, Ackerman & Ors: Application under s.303 Insolvency Act 1986 to set aside a decision of the Applicant’s former Trustees in Bankruptcy to assign a claim to my Respondent clients rather than the Applicant. Part of a long-running, complex family dispute. Led by Marcia Shekerdemian KC and Andrew Mold KC.
  • Acting for a creditor and former employer in an £80 million dispute with the liquidator of public sector contractor Carillion.
  • Enterprise Insurance Company plc (in liquidation) v EHL Realisations Limited & Ors: Acting as part of the counsel team instructed by the liquidator on this complex £50m fraudulent breach of duty claim in the Supreme Court of Gibraltar arising out of the much-publicised collapse of one of Gibraltar’s largest insurers. Focused on the financial assistance element of the claim.
  • Acting for liquidators in a misfeasance/transaction at an undervalue application against a former director in relation to payment of unlawful dividends. Sole counsel.
  • Advising a creditor in relation to a s.262 IA 1986 application to challenge an IVA on the grounds of unfair prejudice and material irregularity. Sole counsel.
  • MDS Accident Repair Centre Limited (in liquidation) v Dudey & Ors: Acting for the claimant company in liquidation in an eight-day trial of a breach of duty/knowing receipt claim in which it was alleged that the company’s de facto directors had diverted the company’s funds to their own corporate entities. Sole counsel.
  • Farrington v Turner: Successfully defended TV personality Anthea Turner in a five-day trial of a multimillion-pound transaction at an undervalue claim brought against her by her former husband’s trustee in bankruptcy.
  • Advising on strategies to remove a liquidator who had installed himself without proper authority and obtain pre-action disclosure from the company in liquidation.
  • Acting for a company petitioning for the bankruptcy of one of its directors in respect of unpaid loans. Involved successfully resisting an interim application to strike out material from a witness statement that was said to be subject to without prejudice privilege. Sole counsel.
  • Acting for a trustee in bankruptcy seeking to set aside a judgment to which he was not a party pursuant to CPR 40.9 on the basis that he was ‘directly affected’ by the bankrupt’s decision, prior to the trustee’s appointment, not to oppose an application for a declaration regarding her ownership of a property. Sole counsel.

Download Insolvency CV

  • Quote symbolShe is a great team player, always helpful and knowledgeable in her field of insolvency.

    Chambers & Partners 2024

  • Quote symbolA ferocious intellect, laser-like attention to detail and a trojan-like work ethic, Sri is a super junior destined to be a super silk.

    The Legal 500 2024

  • Quote symbolSri is a fantastic junior who continues to perform to a very high standard in all areas of her practice.

    Chambers & Partners 2024

  • Quote symbolSri’s a great advocate. She is very good on her feet and is able to read the judge and the room well, and change tack as required. She is diligent, responsive, and has great client handing skills.

    The Legal 500 2024

  • Quote symbolSri punches above her weight even when taking on leading KCs on difficult applications.

    Chambers & Partners 2023

Insolvency insights & events View all thought leadership View all events

  1. Placeholder

    Recent Cases

    Royal Court of Guernsey dismisses a substantial unfair prejudice application in CLO HoldCo Limited v Highland CLO Funding Limited [2023] GRC061

    Commercial disputes, Company law, Insolvency, International / offshore

    Alan Gourgey KC | Sri Carmichael
    Monday 18 December 2023

    View more
  2. Placeholder

    Events / Webinars

    Wilberforce Fraud, Trusts & Asset Recovery Conference 2023

    Wednesday 8th November 2023 | 12.45pm - 5.30pm, followed by drinks
    Courthouse Hotel Shoreditch, London

    £120 + VAT | 3.5 CPD

    View more
  3. Placeholder

    Events / Webinars

    Wilberforce Insolvency Conference 2022

    Wednesday 13 July 2022 | 12.20pm - 6pm, followed by drinks
    Convene (and online via Zoom), 22 Bishopsgate, London EC2N 4BQ

    £120 + VAT | 4.0 CPD

    View more
  4. Placeholder

    Events / Webinars

    Wilberforce Commercial Conference 2022

    Thursday 24 March 2022 | 9am - 5.20pm followed by drinks
    Kimpton Fitzroy Russell Square (and online via Zoom), London

    £195 + VAT | 5.0 CPD

    View more

View all thought leadership View all events

Sri's Details

BSB/VAT information

Registered name: Ms Sri Hannah Carmichael
VAT number: 160206453

Privacy Notice pdf

Qualifications and Appointments

  • BPTC (BPP London) – Outstanding
  • GDL (BPP London) – Distinction
  • BSc Politics (University of Bristol)
  • Award for outstanding performance on the BPTC – Inner Temple
  • Exhibition Scholarships for BPTC and GDL – Inner Temple
  • Attorney General’s C Panel of Civil Counsel

Memberships

  • Chancery Bar Association
  • Commercial Bar Association
  • Commercial Fraud Lawyers Association
  • Insolvency Lawyers Association
  • INSOL International
  • IWIRC

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