Banking, finance and capital markets in British Virgin Islands


Praised for its ‘efficient, responsive, and deeply knowledgeable‘ approach, Conyers fields one of the strongest teams in the British Virgin Islands, working with a stellar line-up of blue-chip international clients on numerous, high-profile transactions. The highly experienced Robert Briant heads up the cross-practice group, advising some of the firm’s leading clients on a steady stream of big-ticket M&A deals, joint ventures, and investment vehicles. Beyond his capabilities in public and private transactions, Anton Goldstein is noted for his expertise in market-leading public offerings and private equity deals. Audrey Robertson is a key contact for aviation financing and secured financing matters, while ‘exceptional‘ counsel Rachael Pape’s wide-ranging practice encompasses derivatives and securitisation mandates, and cross-border regulatory advice. Fellow counsel Nicholas Kuria’s recent engagements include handling senior note offerings for clients in the energy sector.

Practice head(s):

Robert Briant


‘Conyers team is very efficient, responsive, and deeply knowledgeable about the local market and practical issues and flags anything that needs additional consideration well in advance. It was a great pleasure dealing with them.’

‘Rachael Pape has been exceptional in offering guidance through the peculiarities of the BVI law aspects of transaction, always prompt with her responses and demonstrating reasonableness in dealing with the other side, ensuring the success of the overall transaction.’

Key clients

Marwyn Acquisition Company II Limited and Marwyn Acquisition Company III Limited

Harbour Energy

Starwood Property Trust Inc.

Bank of America, N.A., London Branch

Tarpon Water Solutions Ltd

Bank of Asia


Steered by transactional chief Philip Graham, Harneys‘ cross-departmental team continues to concentrate its strength in high-value, cross-border banking and finance work, advising on a growing volume of asset-based lending matters, SPACs, and other equity capital markets transactions. The banking and finance practice is led by the ‘excellentTanya Cassie-Parker, a specialist in aviation and ship finance, and Michelle Frett-Mathavious, whose wide-ranging practice encompasses multi-jurisdictional property and project finance transactions. Joshua Mangeot – who was promoted to partner in January 2022 – is noted for his expertise in cross-border financing deals and economic substance requirements. Associates Rhonda Brown and Ed Lacey, who joined from Walkers and TLT respectively, are also recommended.

Practice head(s):

Philip Graham

Other key lawyers:

Tanya Cassie-Parker; Michelle Frett-Mathavious; Joshua Mangeot; Rhonda Brown; Ed Lacey


‘Extremely professional and personable. They have deep knowledge on their subject matters, are always clear and transparent regarding their fee quotes, and are always fast to reply and react. Having open discussions whenever cases were not so easy has also been highly valued.’

‘Highly knowledgeable, professional and friendly. They are always willing to go the extra mile to deliver their service.’

‘Tanya Cassie-Parker is excellent. In fact, all members of the Harneys office that we dealt with have always been truly excellent!’

‘Best legal service provider in the area. Strong team of professionals with a profound knowledge and experience and understanding of their client’s needs.’

‘Quick and responsive, and advice is always to the point.’

Key clients

SOCAR Turkey Enerji A.Ş. (STEAŞ)

Citigroup Global Markets Inc. and J.P. Morgan Securities LLC

BMR Energy – a company affiliated with the Virgin Group

Adium Ltd and Adium Pharma S.A

Work highlights

  • Advising SOCAR Turkey Enerji A.Ş. (STEAŞ) on the refinancing of $1.3bn owed to Goldman Sachs International (GSI), so that GSI will be repaid in full, through a new $1.3bn loan from Citi and JP Morgan.
  • Acted as BVI counsel for Citigroup Global Markets Inc. and J.P. Morgan Securities LLC in connection with the issuance by the Central America Bottling Corporation (CBC), Beliv Holdco, S.L., and CBC Holdco, S.L. of up to $1.1bn in aggregate principal amount of 5.25 per cent senior guaranteed sustainability-linked notes (SLNs) due 2029.
  • Acted as BVI counsel to Adium Ltd. in relation to the $130m term loan financing of its subsidiary Adium Pharma S.A. by a consortium of lenders including Banco Itaú Uruguay S.A., which also acted as sole lead arranger and bookrunner.

Maples Group

Maples Group fields one of the largest dedicated banking and finance teams in the British Virgin Islands, advising a strong mix of international banks, asset managers, and other financial services entities on multi-billion-dollar take-privates, de-SPACs, listings, senior note offerings, and financing transactions. Richard May‘s cross-border expertise is concentrated in the North American and European markets, where he handles a host of project and asset finance deals in the natural resources sector. Ruairi Bourke is a prolific adviser whose capabilities run the gamut of financial services M&A, joint ventures, and venture capital fundraisings. Christopher Newton is a highly experienced restructuring specialist, well-versed in high-value schemes of arrangement, plans of arrangement, and company creditor arrangements.

Practice head(s):

Richard May

Key clients

Alpha Exploration Ltd.

Arcos Dorados Holdings Inc.

Biohaven Pharmaceutical Holding Company Ltd

CC Power plc


Hudson Capital

Satellogic Inc. / Nettar Group Inc.



Vahanna Tech Edge Acquisition Corp

Work highlights

  • Advised Biohaven on the largest ever take-private in the BVI at $11.6bn.
  • Advised Swvl Holdings on its listing by way of de-SPAC, the first ever $1bn plus unicorn from the Middle East on NASDAQ.
  • Advised EQT on its acquisition of Baring Private Equity Asia with a deal value of $6.8bn.

Collas Crill

Lauded for its ‘dynamic, modern, and growing practice‘, Collas Crill‘s expertise in asset and real estate financings, debt restructurings and insolvencies ensures that is regularly sought out by a deep and diverse roster of international banks and financial services players. Regarded as ‘one of the standout banking and finance lawyers offshore‘, dual-qualified (BVI and Cayman) Ellie Crespi‘s corporate finance acumen sees her handling big-ticket debt restructurings and issuances for major banks, real estate developers, and shipping companies, frequently working in conjunction with associate Aliki Skelton-Lettsome. Senior associate Tamara Maduro is noted for her knowledge of local M&A matters.

Practice head(s):

Ellie Crespi

Other key lawyers:

Aliki Skelton-Lettsome; Tamara Maduro


‘Ellie Crespi is highly impressive; quite simply one of the standout banking and finance lawyers offshore. A dynamic, modern, and growing practice with excellent diversity in the team.’

‘Ellie Crespi is one of the leading banking and finance practitioners offshore. She is knowledgeable, hard-working, diligent, responsive, and pleasant to work with.’

‘Aliki Skelton-Lettsome is a credit to the practice.’

Key clients

AFRA (Panama)

Albaugh, LLC

Alcogal (Panama)

Aleman, Cordero, Galindo & Lee

ATU General Trust

Bank of America

Bank of New York Mellon

BSG Valentine



Dajani & Associates

Drew and Napier LLC

Eversheds Sutherland (Dubai and Amman)

Extell Capital Partners LLC

Flemingo Group

Goldman Sachs

Grant Hermann Shwartz & Klinger LLP



Investec Bank

M1 Real Estate

Mishcon de Reya LLP

Moinian Group

Morgan & Morgan (Panama)

Morgan Stanley

MRR Thirteen Limited

Paicolex Trust Management AG


Sheppard Mullin Richter & Hampton

Shimonov & Co

Smythe & Greenwood

Squire Paton Boggs

Support Legal


Textron Inc.

TMF Group

Trident Trust

Trowers & Hamlins LLP

White and Case (New York)

Zhong Lun Law Firm

Zodiac Maritime

Work highlights

  • Advised Bank of New York Mellon on its role in the restructuring of Luckin’s obligations in respect of a new senior secured and series B senior secured notes issuance.
  • Acted for MRR Thirteen in relation to debt and bond restructurings, and public offerings of bonds in Israel and traded on the Tel Aviv Stock Exchange.
  • Advised Zodiac Maritime Inc. in relation to a number of ship financing matters including financings and refinancings, transfers and terminations of ship leases and purchase of vessels.


Ogier counts a number of renowned banks, asset managers, and corporate entities among its clientele, which turn to the team for its capabilities in multi-billion-dollar, cross-border financings, SPAC transactions, and facility arrangements. Practice co-chair Michael Killourhy is a noted capital markets specialist who also advises extensively on fintech and digital asset matters, while fellow co-chair Ray Wearmouth is as seasoned transactional lawyer whose recent highlights include big-ticket refinancings and advising on syndicated term loan facilities. Senior associate Rebecca Clark routinely works on high-value banking and finance transactions, while fellow senior associate Tiffany Tolliss is recommended for her expertise in debt finance work.

Other key lawyers:

Tiffany Tolliss; Rebecca Clark


‘Comprehensive and responsive service, depth of experience and continuity in transactions; one of the top firms in the BVI.’

‘Friendly, responsive and highly capable team members. Ray Wearmouth and Tiffany Tolliss delivered exceptional service.’

Key clients

Constellation Oil Services Holding S.A.

Colliers International Group Inc.

Goldman Sachs International

Goldman Sachs Bank USA

Security trustee of Noble Group

Work highlights

  • Advising Constellation Overseas on a new court supervised bondholder refinancing and restructuring, including a BVI scheme of arrangement and multi-company, multi-layered statutory merger as well as revised finance arrangements.
  • Advising NASDAQ and TSX-listed Colliers International on its restated finance facilities involving in excess of $1.5bn over multiple jurisdictions.
  • Advising Goldman Sachs International on the successful refinance of its $1.3bn structured finance loan to SOCAR Turkey Enerji A.Ş.

Walkers BVI

Walkers‘ cross-disciplinary corporate, finance and funds team is regularly sought out by various high-profile commercial banks and insurers for its wide-ranging expertise, including in relation to high-value bond issuances, revolving credit facility restatements, and senior note purchases. The practice is jointly headed up by BVI managing partner Matthew Cowman and Omonike Robinson-Pickering, a highly active adviser whose broad expertise encompasses asset, project and real estate finance work. Senior associate Lauren Williamson is recommended for her experience in banking and finance transactions and restructurings.

Other key lawyers:

Lauren Williamson; Rosalind Nicholson


‘The firm is reliable across the board, they respond swiftly and precisely.’

‘Omonike Robinson-Pickering and Rosalind Nicholson have both stood out as very warm and calm professionals even under moments of stress.’

Key clients

Oaktree Capital Management

The Central American Bottling Corporation

Digital Realty


Brookfield Asset Management Inc.

McDermott Group

Carlyle Group


China Minsheng Banking Corp


NCL Corporation Ltd


Macquarie Group

Work highlights

  • Advising The Central America Bottling Corporation as to BVI law in respect of a $1.1bn sustainability-linked bond issuance.
  • Acted for Digital Realty on its amendment and restatement of a global senior credit agreement from $2.35bn to $3bn.
  • Acted for Oaktree in connection with a $225m credit facility provided to Establishment Labs Holdings Inc.


Appleby‘s ‘responsive and knowledgeable‘ cross-departmental team regularly advises on all manner of credit facility arrangements, senior note offerings, and financing transactions, acting for an impressive roster of multinational commercial banks, asset managers, and public companies.  ‘Pragmatic, smart, and a pleasure to work with‘, practice head Jeffrey Kirk is a seasoned offshore adviser noted for his niche expertise in Islamic financing matters. Andrew Jowett – who divides his time between the firm’s offices in the BVI and Jersey – works with both lenders and borrowers on financing matters, chiefly within the energy and natural resources sectors. Recent instructions for Shana Simmonds include high-value facility agreements and refinancing transactions, acting on behalf of major international trust companies. Senior associates Stuart Fee and Brittany Cummings are further names to note.

Practice head(s):

Jeffrey Kirk

Other key lawyers:

Andrew Jowett; Shana Simmonds; Stuart Fee; Brittany Cummings


‘Responsive and knowledgeable.’

‘Jeff Kirk is responsive, pragmatic, smart, and a pleasure to work with. He understands client service and what it means to be a trusted adviser. There are never any surprises.’

Key clients

Orion Resource Partners (USA) LP

Deutsche Bank Trust Company Americas

Deutsche Bank AG

Del Monte Foods, Inc.

Vine Investment Advisors, LP

Investment Energy Resources Limited

Canadian Imperial Bank of Commerce as administrative agent

Goldman Sachs Specialty Lending Group, L.P.

Heirsholding Oil and Gas Limited


Fielding a ‘responsive and commercial‘ team which is ‘incredibly easy to work with‘, Mourant‘s BVI practice is able to draw upon a wider global network of offices, making it well placed to advise on a host of cross-border real estate financing transactions, borrower-side refinancings, and a range of deals and new fund formations in the fintech arena. Practice chair Ian Montgomery is a ‘first choice’ for a mix of corporations, fund managers, and financial institutions seeking assistance in cross-border deals – particularly in the technology sector. Counsel Marianne Wilson is a key contact for a number of high-profile commercial banks, which turn to her for capabilities in real estate and fund finance work. Senior associate Martyn Heyes‘ experience includes share and debt offerings, capital raisings, and leveraged finance transactions.

Practice head(s):

Ian Montgomery

Other key lawyers:

Marianne Wilson; Martyn Heyes


‘I have been working with the team on various transactions for several years and enjoyed their ability to work quickly, and the speed and reactiveness do not compromise the quality of the work. Very efficient and friendly.’

‘Ian Montgomery is an excellent adviser and a great team leader, whose team is very efficient, friendly and provides first-class service. Ian is my first choice when my clients need BVI advice and assistance.’

‘Marianne Wilson is very responsive and provides clear simple advice, which is key for us.’

‘The Mourant team are very responsive, commercial, and incredibly easy to work with.’

‘Marianne Wilson is very personable, great to work with and very knowledgeable.’

Carey Olsen

Carey Olsen is equally adept at advising both borrowers and lenders on a strong mix of asset finance, real estate finance, and refinancing transactions. Debt restructurings are also a key workflow for the team. In addition to serving as the BVI managing partner, Clinton Hempel is a seasoned financing lawyer who regularly advises on debt refinancings, security enforcements, and funding rounds, often involving multiple jurisdictions. Elizabeth Killeen routinely works with trust companies, fintech entities, and financial institutions on both regulatory and transactional matters, ranging from share capital deals to loan facility approvals. Counsel Jude Hodge’s far-reaching knowledge notably encompasses economic substance, data protection and digital asset regulation advice. At the senior associate level, Katrina Lindsay specialises in real estate and acquisition financings, refinancing transactions and convertible note issuances for start-up companies.

Practice head(s):

Clinton Hempel

Other key lawyers:

Katrina Lindsay; Elizabeth Killeen; Jude Hodge

Key clients Group Holdings, Inc.

Work highlights

  • Advised Group Holdings Inc. on the laws of Bermuda, BVI and the Cayman Islands in relation to the legal and regulatory implications of advancing digital assets and fiat currency pursuant to loan facilities and the taking of security over assets to secure the same and to prepare the draft BVI law governed security documents.