As head of the luxury asset group within Shoosmiths’ business division, Elliot Bishop deals with dispute resolutions with a special focus on marine and aviation litigation. He joined the department as a founding member in 2015 from Hill Dickinson, as the firm looked to cater to increasing demand for support and management when it came to the protection of personal and corporate high-value assets.
‘From our offices in the heart of the City of London, as well as acting for key players in the luxury asset market, Shoosmiths routinely advises banks, insurers, owners, family offices and brokers on issues arising out of the sale, purchase and finance of the asset,’ Bishop tells Spear’s.
Covering everything from yachts and aviation to fine art, jewellery and classic cars, the team at Shoosmiths is renowned for its innovation and efficiency when it comes to solving complex cases. For instance, one recent case concerning a safe port claim resulted in a triumphant outcome for the client after a five-day Admiralty court trial. It’s due to the success of cases like these that Bishop, with over 20 years of experience under his belt, gets plenty of return customers. ‘Despite political and economic uncertainties, clients have remained fiercely loyal in their choice of lawyer for dispute resolution,’ he says.
Renowned for his work in the marine sector, Bishop has acted in multi-jurisdictional litigation on behalf of major banks and insurers on policy coverage issues and international enforcement of loan security against pleasure boats and pleasure yachts. He is also adept at acting for claimants and defendants in marine-related personal injury litigation, from fast-track to catastrophic injury claims at an international level as well as in the art world, where he has experience in dealing with defective title, provenance and attribution.
‘HNW clients can be either managers of family offices and, on occasion, the beneficial owner of the asset,’ he says of a typical day. ‘A Monday morning call is often a family office reporting a potential dispute with a yacht charter, or sometimes an issue with a foreignbased HNW’s child at school who needs a trusted adviser to deal with.’
As well as a move towards greener energy sources in superyachts, Bishop has also observed the increasingly disruptive effects that technology is having on his practice. ‘Technology has the potential to disrupt virtually every aspect of the marine and aviation industries, and it will be interesting to see how this will weave its way into the sector,’ he tells Spear’s. ‘A younger generation of yacht buyers will inevitably force the industry to rethink some of its approach.’