Banking and Finance
Corporate and Commercial
Restructuring and Insolvency
Tax and Regulatory
Property and Real Estate
Shipping and Aircraft
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.
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. 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.
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.
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.
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.
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.
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 offer acquisition, asset-based and property finance advice, and have advised on the financing of major developments in the BVI including Scrub Island and the Little Dix Bay Estate on Virgin Gorda. We advised the lending syndicate on the BVI leg of the financing of the acquisition of the Caribbean operations of Shell Oil by the SOL Group, and have assisted local and international banks and lending syndicates with acquisition finance in respect of a number of hotel developments and multi-million dollar enterprises.