Caroline Phipps

A founding member of the LK London office Caroline works on high-value multi-jurisdictional disputes, often involving civil fraud and insolvency. She thrives on project managing large-scale international disputes involving multi-disciplinary teams of experts and lawyers.

She has a general commercial litigation practice and is instructed on cases concerning contractual disputes, breaches of fiduciary duty, shareholders rights and UK corporate insolvency.

A proactive and motivated professional known for her strong communication skills and her ability to establish and maintain high-quality relationships with clients and colleagues in both domestic and international environments.

Caroline is an active member of the Commercial Litigators’ Forum supporting the National Pro Bono Centre (having formerly been co-chair of the Associates Committee).

Caroline is recognised as a Next Generation Partner by Legal 500 (2025 edition)

‘An excellent partner who leads well and is always available. She has great commercial sense and manages difficult clients with grace.’ Legal 500

‘Very diligent and smart, gives excellent and practical advice with real attention to detail.’

Legal 500

” Very engaged, extremely clever, and delightful to work with” Legal 500

Experience

Al Gosaibi Family & Group (AHAB) (Cayman)

LK acted for AHAB, a large group of companies run by the Al Gosaibi family, in their claims against Mr Al Sanea and his Saad Group concerning his role in an alleged fraud resulting in losses of at least US$9 billion. AHAB contended that Mr Al Sanea used his position (as the head of a division of the company) to borrow hundreds of billions of dollars in the company’s name – using forged banking documents – and then misappropriated some of the proceeds. AHAB contended that at least US$6 billion was stolen by Mr Al Sanea. LK worked with a global team of lawyers and forensic accountants to coordinate the investigation into the fraud and the tracing of misappropriated assets, including in Saudi Arabia, the United Arab Emirates, Switzerland and the Caymans Islands.

Al Gosaibi Family & Group FRP

Advising on the first scheme of arrangement ever attempted in Saudi Arabia, concerning claims by over 100 international financial institutions running into
billions of dollars. LK acts for AHAB to prosecute and defend claims on its behalf around the world following a fraud perpetrated by Maan Al Sanea and his Saad Group. As a result of the fraud, AHAB owed US$9.2bn to 118 banks and other financial institutions around the world. LK’s work has included co-ordinating the defence and, more recently the settlement of these claims.

Tetra Pak v Yousef Algosaibi

LK Law are instructed by long-standing client Yousef Algosaibi (and his family members), in resisting enforcement of a c.US$70m KSA Arbitral Award against assets in the UK, BVI, and France. LK Law co-ordinated efforts with local Counsel in the BVI and France; and dealt directly with enforcement proceedings before the High Court.

UHNWI – Breach of fiduciary & contractual duties (part 20)

LK acts for an ultra-high net worth individual in relation to a Part 20 claim for contribution to a complex and high value commercial court claim for unlawful dissipation and devaluation of the main claimants’ assets. LK has been instructed by the client in relation to a long-running dispute against his former investment advisor and private bank, most significantly in Cayman proceedings against the investment advisor for breach of fiduciary and contractual duties under various investment advisory and loan agreements.

MFC

LK Law is instructed by the defendants to a claim concerning an alleged breach of a franchise agreement and alleged trademark infringement in respect of a contemporary Japanese restaurant brand. The proceedings has largely focused on procedural issues, including the correct method of service in Saudi Arabia. Most recently, the English Court decided that service of the Claim Form on the second Defendant, Modern Food Company Limited in relation to proceedings issued in 2021 should be set aside, further to Modern Food Company Limited's successful application to set aside various orders obtained without notice to serve the Claim Form on the Defendants in Saudi Arabia.

Fontaine

We were the Privy Council Agents in the appeal from the Eastern Caribbean Supreme Court to the Judicial Committee of the Privy Council in Claim No. AXAHCVA AP2020/0001: National Bank of Anguilla (Private Banking and Trust) Limited (in administration) & Anor v Chief Minister of Anguilla and Ors (Anguilla), representing the successful Appellants.