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Banking and Finance


Expertise > Global Expertise > Banking and Finance
Experience is what sets our banking and finance team apart from competitors and it is why clients trust Harneys for complex and challenging finance and banking work.

Overview

Our finance and banking law practice group has decades of experience in offshore credit and security legal issues relating to debt finance, including loan finance, debt issuance, lease financing, shariah compliant finance, distressed debt and enforcement of security and derivatives. We are regularly instructed in respect of multi-billion dollar debt finance transactions involving top international banks. Our areas of speciality include trade finance law, debt restructuring, property and acquisition finance, development finance, international debt issues and derivatives transactions.

We have significant experience in Asia, Latin America, the UK, the US, Canada, Africa, Eastern Europe and the Middle East and have equally impressive industry strength in the natural resources, banking, technology and insurance sectors, with our lawyers having worked on landmark deals in sectors including transportation, oil and gas, technologygold and precious metals, real estate, agriculture, luxury goods and many more. With the recruitment of restructuring specialists globally, we have formalised our restructuring group including corporate, insolvency and finance experts in BVI, Cayman, Anguilla and Cyprus law.

Key clients include Bank of America, Barclays, BNP Paribas, Citigroup, Credit Suisse, Deutsche Bank, Gazprombank, Goldman Sachs, Merrill Lynch, HSBC, JP Morgan Chase, Morgan Stanley, Standard Chartered Bank, UBS and VTB Capital.

Services

Related

Agriculture

Agriculture is one of the key sectors in the global economy, with ever growing population levels fuelling demand across the world. As agriculture production expands across the globe, IFCs such as the BVI are increasingly being used by many of the...Read More

Asia Banking & Finance

Harneys' Asia banking and finance team represents some of the world’s largest international companies and commands unparalleled results for all clients seeking services regarding offshore law in Asia.Read More

BVI Banking & Finance

Our BVI based finance lawyers together have over four decades on the ground in the BVI, a level of experience that none of our competitors can approach.Read More

Cayman Banking & Finance

As an established global leader in offshore legal matters, clients trust Harneys’ Cayman for complex and challenging finance and banking work.Read More

Cyprus Banking & Finance

As the only international multi-jurisdictional law firm with a physical presence in Cyprus, Harneys provides unrivalled service to clients throughout the world, particularly those seeking complex, cross-border financing work.Read More

Development Finance

International Financial Centres (IFCs) play a vital role in moving capital from developed to developing countries, many of which would not be able to benefit from overseas investment without the stability and neutrality...Read More

Energy

Energy is one of the key sectors in the global economy with ever-growing energy demand fuelling exploration and projects across all parts of the world, resulting in IFCs such as the BVI being used by most of the world’s leading energy providers.Read More

Gold and Precious Metals

For decades British Virgin Islands companies have been used by mining and mineral extraction companies in deal and financing structures.Read More

Islamic Finance

The use of offshore companies and fund vehicles in Islamic finance and investment is driven by many of the same factors as in the conventional space, as tax-efficiency, bankruptcy-remoteness and privacy are considerations common to most cross-border...Read More

Media & Entertainment

Media & Entertainment, including film, music, publishing, advertising, internet and news media, is a fast evolving sector with new technology and entrants to the market. It requires a global, flexible and innovative legal system such as that of the...Read More

Non-Institutional Finance

Harneys frequently advises in connction with financing transactions involving non-bank lenders and leads the BVI market with our proficiency and depth of practical experience in this ever-growing market.Read More

Real Estate

Harneys has a reputation for unmatched expertise and experience in advising on the BVI law aspects of real estate and related project financings backed by our decades of know-how. Read More

Restructuring and Insolvency

Harneys has been at the forefront of the development of offshore jurisprudence in the field of restructuring and insolvency for decades and our restructuring and insolvency practice leads the offshore market in both global reach and expertise.Read More

Shipping and Aircraft

The firm's shipping and aircraft law practice has gained an international reputation for commercially sensitive legal advice relating to all aspects of the acquisition, registration, financing, disposal and operation of ships and aircraft in the...Read More

Technology

Like the Technology sector that they are frequently used by, British Virgin Islands companies provide innovative and 21st century solutions in response to rapidly evolving requirements.Read More

More Information

We advise the world's most significant banks and financial institutions, and regularly act for borrowers and issuers. Areas of speciality include trade finance law, debt restructuring, property and acquisition finance, international debt issues, and derivatives transactions.


Derivatives

Harneys is one of the few law firms in the world which provides close-out or collateral opinions for the International Swaps and Derivatives Association (ISDA) for three different jurisdictions (BVI, Anguilla and Cyprus). We are counsel to almost all major industry bodies including the Securities Industry and Financial Markets Association, the International Capital Market Association, the Stock Lending and Repo Committee of the Capital Adequacy Directive Working Group, The Futures & Options Association, The British Bankers’ Association, The Bond Market Association as well as ISDA.

Loan Finance

Our financial lawyers can advise on all types of syndicated and bilateral lending including asset finance (aircraft and ships), trade finance, debt restructuring, structured finance, balance sheet lending, property and acquisition finance.

Note Issuance

In the capital markets sphere our team advises lead managers, issuers and investors on international debt issues. We advise on the full range of debt issues including medium-term note programmes, stand-alone eurobonds, tiered capital issues and euro-commercial paper/programmes.

Security Enforcement and Distressed Debt

We have extensive experience advising lenders and debt holders in relation to distressed debt, including issues relating to insolvency and liquidation, enforcement of security, receivership as well as restructuring options.

British Virgin Islands Domestic Banking

Harneys’ domestic banking practice is the high-end leader for complex commercial transactions and regulatory matters as well as high-value real estate deals in the BVI. Our domestic banking law practice is the oldest in the BVI, and our client list includes several domestic and international, private and institutional lenders. Our banking team has developed a reputation for unrivalled expert knowledge on local debt finance transactions and the taking of BVI security. We have assisted local and international banks, and lending syndicates, with acquisition and project finance advice in respect of all major developments in the BVI including hotels, private island developments and infrastructure development projects.

Contacts

Pavlos Aristodemou
Pavlos Aristodemou

Managing Partner
Cyprus
Colin Riegels
Colin Riegels

Managing Partner
British Virgin Islands
Indira Birkwood
Indira Birkwood

Partner
London
Louise Groom
Louise Groom

Partner
Cayman Islands
Russell Willings
Russell Willings

Partner
British Virgin Islands
Peter Tarn
Peter Tarn

Chairman
British Virgin Islands
Marco Martins
Marco Martins

Managing Partner
Cayman Islands
Greg Boyd
Greg Boyd

Partner
British Virgin Islands
Tanya Cassie-Parker
Tanya Cassie-Parker

Partner
British Virgin Islands
Monica Chu
Monica Chu

Partner
Hong Kong
Patrick Colegrave
Patrick Colegrave

Partner
Cayman Islands
Nancy Erotocritou
Nancy Erotocritou

Partner
Cyprus
Sheila George
Sheila George

Partner
British Virgin Islands
Ian Gobin
Ian Gobin

Partner
Cayman Islands
Rachel Graham
Rachel Graham

Partner
London
Johann E. Henry
Johann E. Henry

Partner
British Virgin Islands
Simon Hudd
Simon Hudd

Partner
London
Raymond Ng
Raymond Ng

Partner
Hong Kong
Paul  Sephton
Paul Sephton

Partner
Hong Kong
Matt Taber
Matt Taber

Partner
Cayman Islands
Publications

Webinars

Video: What Lenders and Borrowers Need to Know - A Snapshot of Changes to BVI Law in 2015 
Video: Potential Hurdles in Obtaining Freezing Injunctions 
Video: Review of Security Registration Requirements in BVI and Cayman 
Video: Proposed Changes to BVI Insolvency Law 

Articles & Updates

​Drafting the perfect arbitration clause 
Will Brexit have an impact on offshore financial services? 
Russia Sanctions and the use of EU-based holding companies and SPVs 
Fourth and 'Fifth' Anti-Money Laundering Directives: implementing AML updates and UBO registers in Cyprus 
Sell-side risk in the BVI 
Notes from smaller islands: 2016 BVI review and 2017 outlook 

Guides

Obtaining Cypriot citizenship by investment 
Potential Changes to Creditors’ Rights in the BVI – Administration Orders 
Guides to new banking laws in Cyprus 
Freedom of Establishment of Credit Institutions in Cyprus 
Registering Security Interests Created by BVI Companies 
Procedure for Obtaining a Banking Business License 

Recent Experience

Harneys advises on Studio City's Senior Secured Notes Offering and Super Senior Revolving Credit Facility 
Harneys advises on sale of a £2.4 billion stake in leading data centre company Global Switch 
Harneys advises Virgin on acquisition of renewable energy group 
Harneys advises on Metminco purchase of Minera Seafield from RMB Australia 
Harneys Cyprus advises on Songa Offshore refinancing 
Aroundtown Property Holding €1 billion bond issues