The Legal 500

Harney Westwood & Riegels

CRAIGMUIR CHAMBERS, PO BOX 71, ROAD TOWN, TORTOLA, VG1110, BRITISH VIRGIN ISLANDS
Tel:
Work +1 284 494 2233
Email:
Web:
www.harneys.com
Tortola, The Valley, Montevideo, London, Limassol, Hong Kong and 1 more

British Virgin Islands

Top-tier recommendations

Recommendations


British Virgin Islands

Within Corporate and commercial, Harney Westwood & Riegels is a first tier firm,

Harney Westwood & Riegels has a 'longstanding reputation for excellence, which it continues to deserve'. The practice provided BVI law advice to an international mobile telecoms operator in the expansion of its operations into three Caribbean nations; and advised Australian Stock Exchange-listed Sedgman on BVI law in its offer to acquire MDM Engineering Group for approximately £67.9m. BVI investment funds and regulatory head Philip Graham is 'an excellent adviser', Tanya Cassie-Parker is BVI banking and finance head, and Jacqueline Daley-Aspinall leads the BVI corporate team. Russell Willings is also an experienced practitioner. Associate Oliver Bell arrived from Ogier, and former partner Leonard Birmingham took on a consultancy role.

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Within Dispute resolution, Harney Westwood & Riegels is a first tier firm,

Harney Westwood & Riegels's litigation group offers 'outstanding work, quick responses and appropriate advice'. The team successfully acted for a Liechtenstein company in the enforcement in the BVI of a $100m-plus Liechtenstein judgment that led to legislative change. Phillip Kite has 'excellent judgment', Andrew Thorp is 'a great strategist', and Kissock Laing is a 'hard worker, who implements solid strategies'. Jeremy Child is also highly rated. Claire Robey, Richard Brown and Jonathan Addo are recommended senior associates. Robey is 'loved by clients'; Brown is 'someone to watch'; and Addo is 'hardworking and efficient'. Senior associate Claire Goldstein joined from Ogier.

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Within Trusts/private client, Harney Westwood & Riegels is a second tier firm,

Harney Westwood & Riegels's 'service levels are of the highest quality'. The practice advises on the establishment and restructuring of BVI trusts, including Vista trusts, private trust companies and employee benefit trusts. The BVI practice experienced an increase in contentious issues, involving complex trust structuring, cross-border probate and international trust disputes. Cayman Islands and BVI-based Henry Mander 'never seems to sleep, even when he is in a different time zone'. Associate Will Burnell advises corporate, charitable and private clients in the creation, management and termination of fixed-interest, discretionary and purpose BVI trusts.

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Legal Developments by:
Harney Westwood & Riegels

  • Russia’s Thin Capitalisation Rules in light of the Russia-Cyprus Double Tax Treaty

    Russian thin capitalisation rules do not permit a tax deduction for excessive interest payments between related parties. The rules set a maximum debt to equity ratio of 3:1 meaning that if the amount of the controlled debt is three times greater than the borrowing entity’s own capital as of the last day of the relevant reporting/ tax period, then Russia’s thin capitalisation rules are applicable.
    - Harney Westwood & Riegels

Legal Developments in British Virgin Islands

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