Stephanie Forrest is an associate in the International Arbitration and Litigation & Trial Practices of Latham & Watkins’ London office.

Ms. Forrest has represented multinational corporations, financial institutions, private equity and investment firms, international organisations, states, and individuals before arbitral tribunals and domestic and international courts. She has significant experience in complex international and commercial disputes, and is a trusted advisor to clients on risk and reputation management, business, and human rights and various ESG issues.

Recognised as a “key lawyer” in international arbitration (Legal 500), Stephanie has acted for clients in international investment treaty and commercial arbitrations in common law and civil law jurisdictions worldwide, under ad hoc and institutional rules, including ICSID, SIAC, LCIA, ICC, UNCITRAL, and others. Her practice spans a range of industry sectors, including banking and financial services, technology, construction, aerospace, energy, and telecommunications, among others. 

As part of her broader advisory practice, Ms. Forrest has advised clients on various aspects of international law, including state responsibility, immunities, and accession to international treaties, as well as international trade and human rights law. She is increasingly engaged by clients to assist with the implementation of ESG management strategies and help navigate dispute and reputation risks arising from increased focus on ESG.

Ms. Forrest regularly speaks and publishes on topical issues in international arbitration, public international law, and ESG litigation.

Ms. Forrest’s recent experience includes representing:

International Arbitration

  • A global technology investor in an ICC arbitration concerning a multi-billion dollar food delivery venture
  • A syndicate of banks in an LCIA arbitration enforcing equity support and completion guarantees provided in a complex Islamic project financing transaction in the renewable energy sector
  • An Asian renewable energy company in their defense of a US$2 billion indemnity claim brought by former management in a London-seated LCIA arbitration
  • A private equity fund in a SIAC arbitration concerning an investment in the telecommunications sector in South-East Asia
  • An American multinational conglomerate in an ICC arbitration against an aerospace manufacturing company
  • A European investor in a PCA-administered UNCITRAL treaty arbitration against an East Asian state in relation to claims arising out of the expropriation and unfair treatment of an investment in an agricultural business, with over US$300 million in dispute*
  • A central Asian government in a SIAC arbitration arising under a FIDIC 2006 contract for a major road construction project* 
  • A leading mining company in a PCA-administered UNCITRAL investment arbitration against an African state*
  • A group of banks in an ICSID arbitration against an Eastern European state regarding investment treaty claims relating to the conversion of foreign currency loans*
  • A state-owned telecommunications company defeating claims of more than US$100 million in a UNCITRAL arbitration concerning a joint venture in Southeast Asia*

Public International Law

  • An international energy company regarding the validity of hydrocarbon exploration licenses under international law*
  • An intergovernmental organization on a range of issues arising under certain bilateral international agreements*
  • A leading aerospace company on a range of WTO treaty issues, including subsidies and countervailing measures* 
  • A Middle Eastern government on issues of state immunity and rights to resources under international law*
  • A Japanese multinational conglomerate on NAFTA/USMCA, TPP, TTIP, and other trade and investment treaties* 
  • A German multinational pharmaceutical group on EU trade law and anti-dumping measures*

Complex Litigation

  • Counsel to a major energy company regarding climate change litigation matters
  • A leading South American shipping company in multi-party cartel damages litigation matters before the English High Court  and Competition Appeals Tribunal*
  • A major airline in multi-party cartel damages litigation matters before the English High Court and the Court of Appeal*
  • Counsel to various clients in investigations and enforcement proceedings initiated by the Serious Fraud Office, the United States Department of Justice and the World Bank*
  • Counsel to various clients in applications regarding violations of human rights instruments before the European Court of Human Rights and the African Court of Human and People’s Rights*

*Matter handled prior to joining Latham

Bar Qualification

  • England and Wales (Solicitor)


  • Master of Law, University College London, 2015
  • Bachelor of Arts in Law, University of Cambridge, 2014
  • Master of Public Policy, University of Calgary, Alberta, 2012
  • Bachelor of Arts in International Relations and Economics, University of Calgary, Alberta, 2011