News and Deals

Harneys is proud to announce that Ian Mann and Maggie Kwok were recognised in the ALB Offshore Client Choice List 2019 released on 22 May. We are delighted for Ian and Maggie to receive credit for their ongoing hard work and commitment to excellence on behalf of our clients.

Harneys has been named BVI Law Firm of the Year by Who’s Who Legal at their 2019 annual awards ceremony held in London on 16 May.

Harneys is pleased to announce the continued expansion of its Asia practice with the addition of partner Charles Clayton-Payne to its Hong Kong Banking and Finance team this week.

Harneys is pleased to announce that Yin Xu joined as a transactional partner in our Hong Kong office. Yin joins the team from another offshore firm, where he was Partner in the Corporate team since 2016.

Harneys advised on the Cyprus law regulatory and tax aspects of the placing and sale of global depository receipts representing interests in class A shares in TCS Group Holding PLC (the parent company of Tinkoff Bank) by Altoville Holdings Limited, the joint-controlling shareholder of Russian consumer lender TCS Group, to raise US$150 million. Tinkoff Bank is one of the largest players in Russia’s credit card market. Morgan Stanley & Co. International plc acted as bookrunner in connection with the Placing.

Harneys has advised China Merchants Port Group Co., Ltd. (formerly Shenzhen Chiwan Wharf Holdings Limited), a PRC-listed, China based port services company (CMPG) in connection with its acquisition of Thesar Maritime Limited and its internal restructuring. Following the restructuring, CMPG became a controlling shareholder of China Merchants Port Holdings Company Limited, a Hong Kong-listed company whose ultimate holding company is China Merchants Group Limited.