Harneys establishes Asia Special Situations Unit

Harneys’ Asia Special Situations Unit brings together the strength of the firm’s Banking and Finance practice with its market-leading Restructuring and Insolvency practice to provide creative, solution driven legal advice on the most complex financing solutions at all levels of the capital structure and across the spectrum of special situations and restructuring scenarios. The result is a dynamic and joined-up team with decades of collective experience, uniquely placed within the Asian offshore legal market, which provides a responsive approach delivered with an uncompromising level of intellectual rigour.

Head of the firm’s Transactional team in Asia, Paul Sephton, commented: “We formed the Asia Special Situations Unit by tying together the specialist skills of our Banking and Finance practice along with our Restructuring and Insolvency practice to provide clients with a specialised resource to help them navigate this fast-moving and challenging environment. Our team is well placed to advise clients on making key decisions at crucial moments in a transaction’s life-cycle.”

The team’s wide-ranging expertise includes advising on financings involving multiple levels of creditors involved with intercreditor and subordination arrangements, mezzanine and holding company financings, distressed loan acquisitions and disposals, last-mile financings, rescue financings, convertible debt instruments and acquisition financings of distressed assets.

Harneys is one of the most dynamic and fastest growing offshore law firms in Asia. The firm’s Hong Kong team is the largest of any offshore law firm, while its Shanghai and Singapore teams are both undergoing significant expansion. The firm’s Asia litigation team remains unrivalled in terms of size, expertise and diversity of work, and is widely recognised as the lodestar of the offshore litigation landscape in the region.