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Harneys Cyprus advises on restructuring of China Merchants Port Group
Corporate

Harneys Cyprus advises on restructuring of China Merchants Port Group

Harneys has advised China Merchants Port Group Co., Ltd. (formerly Shenzhen Chiwan Wharf Holdings Limited), a PRC-listed, China based port services company (CMPG) in connection with its acquisition of Thesar Maritime Limited and its internal restructuring. Following the restructuring, CMPG became a controlling shareholder of China Merchants Port Holdings Company Limited, a Hong Kong-listed company whose ultimate holding company is China Merchants Group Limited.
Harneys Cyprus advises Morgan Stanley on US$58 million acquisition
Corporate

Harneys Cyprus advises Morgan Stanley on US$58 million acquisition

Harneys has advised Morgan Stanley Private Equity Asia, as to matters of Cypriot law, in its investment in obtaining the majority ownership of the leading Greek natural cosmetics producer Korres. Morgan Stanley and Chinese company Profex acquired a majority share in Korres for €48.3 million (US$58 million). The transaction was made through Cyprus-based Nissos Holdings, a company founded by Korres.
Harneys Cyprus advises on five major deals
Banking and Finance

Harneys Cyprus advises on five major deals

Leading offshore law firm, Harneys, has advised on five significant deals in the firm’s Cyprus office, demonstrating the firm’s specialism in Banking and Finance.
Harneys Cyprus retains top Legal 500 rankings
Banking and Finance

Harneys Cyprus retains top Legal 500 rankings

Harneys Cyprus has maintained its tier 1 rankings from Legal 500 for its Banking and Finance and Commercial, Corporate and M&A practices; and tier 2 for its Tax practice.
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.
Harneys Cyprus retains its Chambers rankings
Banking and Finance

Harneys Cyprus retains its Chambers rankings

Harneys Cyprus has maintained its rankings from Chambers Europe for its Banking & Finance, Corporate/Commercial and Tax practices.