News and Deals

Leading global offshore law firm, Harneys, is pleased to announce that it acted as Cayman Islands’ legal counsel to Banco do Brasil S.A’s Cayman Grand Branch on the issuance of US$750 million Senior Unsecured Notes, due in 2024, under its EMTN program. Dealer Managers to the deal were BB Securities, BNP Paribas, Goldman Sachs, Itaú BBA and Standard Chartered Bank.

Harneys Cayman Islands has climbed the rankings in Chambers Global guide, moving up a tier in Dispute Resolution. It has remained consistent in all other categories including Corporate & Finance and Investment Funds.

For the third consecutive year, Harneys has been named Best Offshore Law Firm by Hedgeweek, at its annual global awards ceremony held in London on 14 February.

Harneys acted as Cayman Islands counsel to Fosun Tourism Group, owner of Club Med, on its initial public offering in which it raised over US$400 million. In addition, further capital was raised from its over-allotment option.

Harneys is pleased to announce the promotions of five partners across the firm’s BVI, Cayman Islands and Hong Kong offices. The new partners are Stuart Cullen, Paula Kay, Paul Madden, Katie Pearson and Daniella Skotnicki.

The Harneys’ Cayman Islands office has climbed the rankings in Legal 500, moving up to tier two in Banking, Finance and Capital Markets and Dispute Resolution. They have remained consistent in all other categories including their top tier ranking for Trusts/Private Client.