Cayman Islands and the recent FATF listing
Investment Funds

Cayman Islands and the recent FATF listing

At its plenary session on 25 February 2021, the Financial Action Task Force (FATF) included the Cayman Islands as a jurisdiction being monitored for the active resolution of identified deficiencies in its regimes for the countering of anti-money laundering, terrorist financing and proliferation financing. While no significant issues were identified with the Cayman Islands compliance regimes, the Cayman Islands were given three action items aimed at demonstrating the effectiveness of its compliance regimes and therefore included on the list of jurisdictions being monitored.
Practically Speaking season two, episode one - I’m a BVI director, what now?
Corporate

Practically Speaking season two, episode one - I’m a BVI director, what now?

Welcome to season two of our Practically Speaking podcast. This season London based, Transactions Partner, Rachel Graham and Director of Client Services, Amy Roost will be exploring the ins and outs of the lifecycle of a BVI company.
Harneys wins IFR Asia Turnaround Deal of the Year Award
Restructuring

Harneys wins IFR Asia Turnaround Deal of the Year Award

Harneys has won the Turnaround Deal of the Year Award 2020 from IFR Asia for its work on China Shuifa Singyes Energy Holdings’ debt restructuring.
I am a director of a BVI company, now what?
Corporate

I am a director of a BVI company, now what?

Given the sheer volume of British Virgin Islands Business Companies (BCs) in existence, there is at any given time in some part of the world a transaction involving a BC. Pursuant to the BVI Business Companies Act (the Act), the business and affairs of that BC shall be managed by or under the direction or supervision of an individual or corporate entity that consented to and was appointed to act as a director. The purpose of this note is to provide an overview of some of the salient points that should be borne in mind by a director of a BC (which is restricted herein to mean a non-regulated company limited by shares) when undertaking the decision making process.
Harneys BVI associate selected as a mentee for prestigious arbitration programme
Litigation & Insolvency

Harneys BVI associate selected as a mentee for prestigious arbitration programme

Harneys associate Romane Duncan has been selected to participate as a mentee in the 2021-2022 Young ICCA Mentoring Programme, where he will be mentored by Doak Bishop, an expert in international commercial arbitration.