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New partner hire bolsters Harneys Singapore Banking and Finance practice
Banking and Finance

New partner hire bolsters Harneys Singapore Banking and Finance practice

Harneys is pleased to announce that Lishi Fong joined as a Partner in the Banking and Finance team this week in our Singapore office and will head up the Singapore Transactional practice.
How a US Discovery Statute can affect Cayman Litigation

How a US Discovery Statute can affect Cayman Litigation

Section 1782 of Title 28 of the U.S. Code is increasingly being used by parties in Cayman Islands litigation as an additional tool to obtain court-ordered discovery from parties in the United States.
The European Commission’s anti-money laundering blacklist: diplomacy or bust (in this case, bust)
Regulatory and Tax

The European Commission’s anti-money laundering blacklist: diplomacy or bust (in this case, bust)

The move by all of the European Union’s (EU’s) member states to block the European Commission’s recent anti-money laundering blacklist, mostly as a result of the political damage caused by the inclusion of Saudi Arabia and a number of US territories, arguably demonstrates that perceived “objective” criteria cannot be the only determinant of whether a country gets onto such a list. Politics dictates that some countries simply must not be included.
European Supervisory Authorities recommend a pan-EU approach to crypto regulation
Regulatory and Tax

European Supervisory Authorities recommend a pan-EU approach to crypto regulation

Since the crypto bubble of 2017 many national regulators around Europe and beyond have been moving to implement regulatory regimes within their jurisdictions so as to place themselves as “market leaders” in crypto and FinTech regulation. However, within the EU it is fair to say that the industry, and public sector, have been waiting with anticipation to see where the EU moves to next on this topic – and in particular whether we will have a harmonised regime for crypto regulation in Europe.
Harneys advises on RUB15.2 billion acquisition of Leader-Invest JSC
Banking and Finance

Harneys advises on RUB15.2 billion acquisition of Leader-Invest JSC

On 19 February 2019, Etalon Group PLC announced that its subsidiary, Etalon Group Company AO, acquired 51 per cent of Leader-Invest JSC from Sistema PJSFC, a publicly-traded diversified holding company, and its affiliates for RUB15.2 billion. Leader-Invest is one of Moscow’s largest residential developers in terms of land banking and number of projects currently available for sale. Harneys assisted Etalon in relation to certain Cypriot law aspects of the acquisition.
Issuer Alert: Cypriot issuers listed on LSE Main Market not subject to EU mandatory takeover bids regime after a no-deal Brexit
Banking and Finance

Issuer Alert: Cypriot issuers listed on LSE Main Market not subject to EU mandatory takeover bids regime after a no-deal Brexit

If a no-deal Brexit goes ahead, the Main Market of the LSE would no longer constitute a “regulated market”, which would trigger a disapplication of a number of key pieces of EU capital markets legislation, including the EU Takeover Bids Directive. In this article, we consider the impact of a no-deal Brexit on the shared jurisdiction regime in the context of mandatory takeover bids legislation under Cypriot law.