Book a free consultation
Tear drop

Richard Gray

Managing Director and Barrister
Book a free consultation

Richard is an experienced Commercial Barrister who was called to the Bar in November 1986. 

He honed his advocacy and cross-examination skills in criminal courts while a member of a mainstream Chambers in Manchester, UK. 

Described as an innovative, dedicated and highly driven lawyer, Richard founded Elysium Law in 2008. 

Since then, he has acted for many clients in the UK, Hong Kong, Singapore, and Dubai.

Richard’s areas of specialisation include: 

  • Tax both contentious and non-contentious
  • Commercial Disputes and Litigation
  • Professional Negligence
  • Company Restructuring 
  • Corporate Governance
  • Employment 

He is also a trained and accredited mediator. 

Richard Gray case studies

Elysium Law icon
Determination of the Distribution of Monies pursuant to a Trust
Litigation & Dispute Resolution
Elysium Law have successfully acted for Trustees in a significant, complex and protracted Part 8 claim for determination of the distribution of monies pursuant to a trust totalling over £5,000,000.

We successfully acted for Trustees in a significant, complex and protracted claim for determining the distribution of monies held from a trust fund with sums in excess of £5,000,000. This claim was very complex as it involved a contested element and was a ‘hybrid’ Part 7 and Part 8 claim. 

The disputed element of the claim was settled after a 17-hour mediation involving Hong Kong-based clients. Overall, the case was conducted over four years, and the settlement agreements were, following complex submissions, approved by the High Court.

plus icon
Elysium Law icon
Claims regarding Failed Off-Plan Developments
Professional Negligence|Litigation & Dispute Resolution
Elysium Law were instructed by large groups in multiple claims for professional negligence, breach of trust and breach of contract against conveyancing solicitors relating to off-plan fractional residential development schemes.

These claims, whilst involving different developments were similar in that a Developer marketed and sold units in an off-plan project, predominantly to overseas buyers. These buyers intended to let the units upon completion. The developments use a fractional sales model and buyers typically paid large deposits of 50%-80% of the total purchase price. These deposits were due to be used to fund completion of the project and were held on trust within a ‘buyer company’, usually with the Sellers solicitor as director, pursuant to a legal charge.

The money held within the buyer company was then spent on construction and more pertinently marketing and the buyers lost their deposits with little to no building work completed.

Elysium Law have obtained many multi-million pound recoveries for client groups.

For more information please read our article on this topic.

plus icon
Elysium Law icon
Breach of Contract and Duty to Account
Litigation & Dispute Resolution|Employment Law
Elysium Law have successfully settled a claim on behalf of a company in relation to breach of contract and duty to account by a former employee.

This related to work done by the employee both prior and post leaving the company and thus the breach of express and implied terms of the contract, together with breach of post termination restrictions and a duty to account were pleaded.

This matter was successfully settled following negotiation between Elysium Law and the Defendant.

plus icon
Elysium Law icon
Defending claims made against Loan Charge Contractors
Litigation & Dispute Resolution|Tax
Elysium Law were instructed to defend claims made against loan charge contractors.

We represented individuals often working for an umbrella company or for their own personal service company. These individuals had been marketed a tax avoidance scheme which in short involved the payment of minimum wage and the remainder of earnings due were paid by way of a ‘loan’, which they were informed would never need to be repaid. In some cases they were told the scheme was a condition of joining the umbrella company.

Unusually, the purported ‘loans’ had been assigned out of the Trust and have either directly or via other companies ended up being assigned to a company who made demands for payment.

Elysium reviewed over 107,000 pages of documents disclosed in this matter and it was clear from the review of these documents, together with evidence from Our Clients, that the loans were ‘circular’ and were never intended to be repaid. This was clearly a tax avoidance arrangement, and the loans were, in our view, unenforceable.

Elysium Law facilitated a mediation in order to narrow the issues in dispute. Following that Mediation, Elysium Law subsequently served upon the company a comprehensive letter of response that rebutted the claims on the grounds of collateral contract, misrepresentation and breach of trust.

For more information please read our article on this topic.

plus icon

News articles by Richard Gray

Get in touch

Please do get in touch if you’d like to ask any questions or arrange a consultation.
Book a free consultation