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.

Harneys advised China Singyes Solar Technologies Holdings Limited, a curtain wall installation, solar engineering and construction company incorporated in Bermuda and listed in Hong Kong, on the successful restructuring of over US$552 million outstanding bonds and convertible notes through inter-conditional parallel schemes of arrangement in Bermuda and Hong Kong. Head of Harneys EMEA and Asia Pacific Restructuring practice, Chai Ridgers, led the Harneys team with assistance from Jayson Wood, Partner and Head of Harneys Cayman Islands and North America Restructuring team, along with Senior Associate Charles Wong.

Chai Ridgers commented: “We are delighted to receive this award, which demonstrates the unrivalled reputation and ability of our Global Restructuring group. Over the past decade, we have acted on some of the largest and most complex cross-border restructurings, and through published decisions, have helped to redefine offshore jurisprudence in this area.”

The annual IFR Asia Awards are designed to showcase the most impressive deals and the institutions that have best delivered on their chosen strategy across Asia’s financing markets.

Harneys’ dedicated Global Restructuring group is the first amongst offshore law firms to offer specialist expertise required to navigate the complexities which can arise for a distressed company in a cross-border environment. Led by a team of ranked partners, the group works closely with the firm’s formidable Transactional, Litigation, Funds, Trusts, Tax and Regulatory teams, providing clients with a seamless service and bespoke legal advice that is tailored to their individual needs.