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Harneys wins Deal of the Year Award from The Asian Lawyer

24 February 2017

Global offshore law firm Harneys has a Deal of the Year Award from The Asian Lawyer for its work on the $1.5 billion Pacific Andes liquidation. The deal was named Finance Deal of the Year: Restructuring & Insolvency on 22 February 2017. 

Jonathan Culshaw, Harneys’ Asia Managing Partner, commented: “We are pleased to receive this recognition of our strength, expertise and level of service – and also of our cross-jurisdictional capability in advising on the laws of the three jurisdictions of Bermuda, BVI and Cayman. Harneys has acted on many large, significant and precedent-setting matters recently and I congratulate the cross-border team who advised on this transaction.”

Harneys acted for the creditors in connection with Cayman, Bermuda and BVI proceedings. The Harneys team comprised partners Ian Mann, Joanne Verbiesen, Chai Ridgers, Andrew Thorp, Jayson Wood, counsel Peter Ferrer, and associate Lilla Zuill. Pacific Andes International Holdings Limited is the parent company of a large and complex corporate group that harvests, sources, transports, processes and distributes seafood, fish oil and fishmeal. The group is financially troubled, having been unable to meet certain obligations to its lenders since 2014, leading major creditors to either file for or support various group entities being put into insolvency proceedings with independent oversight.

Harneys in Hong Kong is known for its advice on a number of high profile transactions. In recent years, the firm has grown to become one of the largest offshore firms in Hong Kong, and, combined with its Singapore, Tokyo and Shanghai offices, has a strong presence in Asia. The Asian Lawyer’s awards identify the biggest and most important commercial legal matters and celebrate achievement, excellence and innovation in the legal profession. Winners are decided on by the editorial staff of The Asian Lawyer, The American Lawyer, China Law & Practice and Legal Week

Harneys has received a number of awards and accolades for leading offshore legal advice, including two Deal of the Year Awards from China Business Law Journal and The Lawyer’s Offshore Law Firm of the Year Award for 2016.

Harneys is regularly singled out for the quality of its client service and legal expertise. Read more about our recent accolades and awards.

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