Josh is a Professional Associate at Outer Temple Chambers, splitting his time between London and New York. He is a US qualified lawyer (NY and Washington DC), and a UK qualified barrister. He practises in Business Crime, Sanctions, International Arbitration and Commercial Litigation.
He represents companies and individuals in complex cross-border investigations, civil and criminal litigation in American and British courts, arbitration, and contentious regulatory matters. Josh regularly provides strategic advice to international businesses on compliance with anti-corruption and money laundering regulations, sanctions, and export and import controls. He is the founder and co-chair of the London Sanctions Advisors Association.
Josh started his legal career at Weil Gotshal & Manges LLP (New York), moving to Kobre & Kim LLP in NY and then London before joining dispute specialist firm CANDEY, where he remains a Partner.
Expertise
Notable Business Crime cases
- Representing a British businessman indicted by the DOJ in New York for wire fraud and criminal sanctions violations in connection with his alleged work for a high-profile Russian oligarch.
- Advising an oil executive in Dubai in relation to charges brought by the SFO under the UK Bribery Act.
- Representing a senior executive at a publicly traded digital asset business in relation to DOJ and SEC investigations of an alleged $1 billion+ fraud.
- Representing the head of a hedge fund advisory business in London in connection with an insider trading investigation by the CFTC.
- Representing a former telecom executive in Uzbekistan indicted by the DOJ in New York for alleged participation in an $880 million FCPA and money laundering scheme.
- Defended a UK national sued by the SEC for an international market manipulation scheme in Boston federal court.
- Defended a Slovakian futures trader in a market manipulation suit brought by the CFTC in Chicago.
- Represented a major EU-based online gaming company with respect to an investigation into possible violations of US and UK foreign bribery laws.
- Represented a Detroit-based automotive executive in connection with an investigation of FCPA violations by a Chinese manufacturer.
- Represented a former London-based precious metals trader charged with wire fraud and spoofing by the DOJ in Chicago.
- Represented a Finnish telecom executive in an investigation of potential FCPA violations and money laundering and an executive at a multinational French firm in a DOJ investigation of possible FCPA violations in Ecuador.
- Defended a senior trader at an international bank in a price fixing and bid rigging investigation by the DOJ’s antitrust division.
- Represented a British currency trader in an investigation by US and UK antitrust prosecutors.
- Represented the former regional CEO of a global UK-based bank in a joint DOJ and SEC investigation into potential FCPA violations stemming from the bank’s hiring practices in Asia.
- Represented a London-based senior finance executive charged by the DOJ in Boston with orchestrating a $15 million wire and securities fraud scheme.
- Defended hedge fund analyst charged by the DOJ in New York with insider trading in connection with the merger of two technology companies.
- Represented the alleged ringleader of the $4 billion 1MDB bribery scheme and provided guidance on parallel civil asset forfeiture proceedings in the US and related investigations in Malaysia and Switzerland.
- Represented London-based brokers in an investigation by the New York Attorney General and CFTC into possible fraud and market manipulation.
- Represented numerous foreign exchange traders working for global financial institutions in London in a DOJ market manipulation investigation.
- Represented a Swiss national and senior banking official in a tax fraud prosecution brought by the DOJ.
Notable Sanctions cases
- Advising the Cyprus branch of a global accounting firm with respect to its work on a $1 billion+ Swiss trust settled by a Russian businessperson.
- Advising a British real estate investment group with respect to sanctions issues arising from bonds owned by sanctioned Russian businesses.
- Representing multiple high net worth individuals in connection with sanction designation challenges in the US and UK.
- Advising a Greek cybersecurity company on its sanctions, export controls, and anti-money laundering compliance policies.
- Representing one of the largest banks in Southeast Asia with respect to international sanctions on Myanmar.
- Representing a sanctioned Belarussian technology company in a sanctions designation challenge in the UK High Court.
- Representing a German nanotechnology manufacturer in the first ever judicial review proceedings in the UK High Court challenging OFSI’s license procedures.
- Providing legal opinions on US and UK sanctions and export laws for multiple international businesses.
- Representing a Cypriot holding company in connection with efforts to unfreeze $250 million held by a Swiss bank and obtain licenses from the US and UK sanctions regulators.
- Advising a Russian bond investor on sanctions issues relating to the purchase of distressed debt in the UK.
- Representing the National Bank of Uzbekistan with respect to seeking OFAC licenses to unfreeze a blocked payment.
- Advising a large American real estate investment fund on sanctions issues arising from its sale of a shopping complex in Moscow.
Notable Commercial Disputes cases
- Representing a large Russian oil company against an international engineering conglomerate in an $11 million arbitration in the ICC.
- Representing an American businessperson in an appeal before New York’s Second Circuit Court of Appeals of a successful motion to dismiss a breach of contract claim.
- Defending a British publishing company and three of its officers in a $20 million copyright infringement case brought by eight major international record labels in New York federal court.
- Representing the former global head of sales for a major cryptoasset investment firm in an internal investigation involving allegations of fraud and market manipulation.
- Defending an American entrepreneur in a $1 million breach of contract action in New York state court.
- Advising a Russian bank on enforcing a judgment against an American investment firm.
- Representing a Russian oil company in connection with a breach of contract claim against a British bank.
Related updates
Joshua Ray is regulated by the Bar Standards Board (BSB) and holds a current practising certificate. If you are not satisfied with the service provided, please click here.
Joshua Ray is regulated by the Bar Standards Board (BSB) and holds a current practising certificate. If you are not satisfied with the service provided, please click here.