News and Deals

Harneys has announced the promotion of Jayson Wood to head of the Cayman Islands Restructuring department.

For the third consecutive year, Harneys has proven itself a dominant force in the private wealth market with its recent rankings in the 2019 Chambers High Net Worth (HNW) Guide. The firm’s British Virgin Islands team remains the sole firm recognised in the Band 1 ranking for offshore trusts, while the Cayman Islands team remains strong with its Band 2 ranking.

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.