Harneys has practiced Anguillan law since 1998 and currently has 10 qualified lawyers. Our focus in Anguilla is on working with the regulators and legislators to build a legislative environment which minimises the legal risks of counterparties dealing with Anguillan entities on a cross-border basis, and on advising those counterparties on transactional and insolvency risks.
We were instrumental in establishing close-out netting and collateral opinions for Anguilla with industry organisations, and our multi-jurisdictional credit risk management team remains the only offshore practice specialising in insolvency issues in relation to derivatives, repo, securities lending and prime brokerage documentation.
Our regulatory team focusses on the changing landscape for investment managers and insurers and works closely with the Anguillan regulators to establish certainty and minimise risk for market participants.
At a transactional level, our focus is on assisting with complex cross-border matters, and we have advised on many of the jurisdiction's most substantial lending and leveraged M&A transactions, drafted the documentation for the only Anguillan law governed bond issuance and been involved in the most significant cross-border disputes involving Anguillan entities.
Our recent Anguilla experience includes acting for the liquidators of the Cap Jaluca Hotel and advising HSH Nordbank AG in relation to amendments to a US$221 million property financing deal relating to The Pinnacle in London. We continue to provide close-out and netting opinions to members of ISDA, ICMA and SLRC, as well as many key market participants including Credit Suisse, Barclays Capital, Nomura, BNP Paribas, HSBC and Citibank.