Harneys

Harneys is an international law firm with entrepreneurial thinking. We provide advice on BVI, Cayman, Luxembourg, Cyprus, Bermuda, Anguilla, and Jersey law.

[Harneys @HarneysGlobal]

We are pleased to share that our Global Head of Contentious Regulatory, Jonathan Addo, has been appointed Chair of the RISA BVI Board.

RISA BVI is a leading professional association for restructuring and insolvency practitioners in the British Virgin Islands.

Congratulations to Jonathan on his appointment. We are delighted to see his expertise recognised through this important leadership position.

[Harneys @HarneysGlobal]

We are delighted to be a Bronze sponsor at the 10th Annual European Fund Finance Symposium.

Taking place in London on 24 June at Old Billingsgate, the event promises a dynamic programme of industry insights, thought leadership, and networking opportunities.

In attendance will be our partners Katrina Edge, James Kinsley, and Michael O'Connor.

The Symposium provides an excellent opportunity to exchange ideas, share perspectives, and discuss the latest developments shaping the fund finance sector.

If you're attending, be sure to connect with our team.

[Harneys @HarneysGlobal]

In an article published by Cayman Finance, our Global Head of Financial Services, Maggie Kwok, and Partner Stephane Karolczuk explore the strategic advantages of Cayman and Luxembourg parallel fund structures for fund managers. The article highlights how parallel structures enable managers to:

- Broaden their investor base
- Optimise regulatory compliance and marketing capabilities
- Enhance tax efficiency through treaty access
- Deliver strong governance and institutional credibility
- Maintain operational alignment while offering flexibility for future growth

The full article will be of particular interest to fund managers, institutional investors, and professionals involved in cross-border fund structuring and global capital raising.

Cayman and Luxembourg are two key jurisdictions covered by Harneys alongside Bermuda, BVI, Anguilla, Cyprus, and Jersey.

Read the full article here: https://t.co/cgc7BhyBxs

[Harneys @HarneysGlobal]

On 13 April 2026, the Control of Borrowing (Jersey) Amendment Order 2026 (COBO) came into force, marking the first step towards the phased repeal of the long-standing COBO regime.

With further reforms expected during 2026 and into 2027, our Partners Alexander Curry and Katrina Edge, outline the key changes, which will modernise Jersey’s regulatory regime and impact international business structures.

The changes are particularly relevant to legal advisers, fund administrators, trust companies, corporate service providers, investment managers, and those involved in structuring non-fund vehicles.

Read more: https://t.co/iMzy92YDj3

[Harneys @HarneysGlobal]

A new investment corridor is taking shape between the Middle East and China, creating significant opportunities across green energy, technology and infrastructure. In our latest video, Managing Partners Vicky Lord and Ian Mann explore Dubai’s positive outlook, the strategic alignment driving investment between the Middle East and China, and why offshore jurisdictions such as the BVI, Cayman Islands, Bermuda and Jersey remain trusted, neutral common law platforms for cross-border partnerships.

Watch the full video here: https://t.co/rh3lrnRnvM

[Harneys @HarneysGlobal]

Stay informed with the latest insights from our Regulatory Blog. Our recent posts include:

✒️ New UK Russia sanctions take aim at global cryptocurrency exchanges - https://t.co/YRVaaJHO5e

✒️ EU reaches political agreement for sanctions on Israeli settlers - https://t.co/L7ABoZRrDT

✒️ BVI Mutual Legal Assistance Act: Integrating digital money products and other key amendments - https://t.co/naRNWNRjej

✒️ Latest updates on Jersey's sanctions regimes - https://t.co/4IXBvGIAaT

✒️ Luxembourg's financial sector reforms: Key changes - https://t.co/6wBWYleW7Q

Want to stay ahead of regulatory changes? Subscribe to our newsletter today - https://t.co/7925WvSKSg

[Harneys @HarneysGlobal]

Happy #Vesak Day! As this important Buddhist festival approaches, commemorating the birth, enlightenment, and passing of Buddha, we would like to wish all our clients and colleagues a meaningful celebration filled with peace, compassion, and mindfulness.

In observance of Vesak, our Singapore office will be closed on Monday 1 June for the public holiday.

[Harneys @HarneysGlobal]

We are delighted to announce that we have been named the winner of the M&A Advisor Award in the Specialist Wealth Management category by WealthBriefingAsia for the second consecutive year. Winners were announced at WealthBriefingAsia’s prestigious awards ceremony, held in Singapore on Thursday 28 May.

The WealthBriefingAsia Awards recognise excellence, innovation, and outstanding achievement across Asia’s wealth management, private client, and family office sectors. An independent panel of industry experts selects winners through a rigorous and impartial judging process.

Congratulations to our team on this achievement, and thank you to WealthBriefingAsia for this recognition and our clients for their continued trust and partnership.

Read more: https://t.co/REJEuIvlwg

[Harneys @HarneysGlobal]

On 1 June 2026 Jersey Company Law comes into force, introducing the most significant reforms to the companies (Jersey) law 1991 in recent years. Our Partners Alexander Curry and Katrina Edge summarise the key changes that will occur. These changes will modernise key corporate procedures, reduce regulatory friction and create greater flexibility for boards, investors and advisers.

Read more: https://t.co/N2Mc8XuwYd

[Harneys @HarneysGlobal]

Stay informed with the latest insights from our Regulatory Blog. Our recent posts include:

✒️ Simplifying the retail investor journey: ESMA's latest actions - https://t.co/Eez2bGhevK

✒️ Focus examinations: A risk-based supervisory initiative by Jersey FSC - https://t.co/YCsxgWddbi

✒️ Commission takes action over delayed transposition of CRD VI and others - https://t.co/hN7FYCmEhq

✒️ CSSF introduces new digital procedures for cross-border fund management notifications - https://t.co/n22uTVVg4Y

✒️ BVI FSC highlights the importance of ongoing CDD and monitoring - https://t.co/TQkl78b0BE

Want to stay ahead of regulatory changes? Subscribe to our newsletter today - https://t.co/7925WvSKSg

[Harneys @HarneysGlobal]

The rule against perpetuities has long shaped the architecture of Cayman Islands discretionary trusts. The reformed Perpetuities Act (2025 Revision) now offers settlors and trustees of existing Cayman Islands trusts a clear, court-supervised route to disapply that rule entirely.

Harneys Partner Charles Moore and Associate Harriet Green recently acted for a professional trustee in successfully obtaining in March 2026 what we understand to be the first order of its kind under section 20 of the Act.

The Court's pragmatic approach to such trust applications will be welcomed by settlors, trustees, enforcers, and persons with a beneficial interest who all have standing to apply to convert a fixed-term trust into one of unlimited duration, preserving and distributing wealth across generations.
Our blog linked below examines the statutory framework, the principles guiding the Court's discretion, and the practical considerations

https://t.co/IREoVDN83k

[Harneys @HarneysGlobal]

Congratulations to our Singapore Office Managing Partner, Lishi Fong, and Shanghai-based Partner, Lily Zhang, on their recognition in the 2026 Asian Legal Business Offshore Client Choice list.

ALB’s annual list highlights offshore lawyers across Asia who have earned strong recognition from clients for handling complex cross-border matters, delivering results, and building trust through their expertise.

[Harneys @HarneysGlobal]

During London International Disputes Week (LIDW) 2026, running from 1–5 June, our Global Head of Regulatory & Tax, Aki Corsoni-Husain, will speak on 4 June as part of a panel discussion titled ‘Extending Clauses, Excusing Performance’.

The session will examine the applicability of arbitration and governing law clauses, and the use of sanctions as a defence to payment obligations. Aki will be joined by co-speakers Yulia Barnes (Barnes Law), Boris Lazic (4-5 Gray’s Inn Square), Maxim Kulkov, (KK&P Trial Lawyers), Benjamin Wells (Belgravia Law), and Natasa Lalatovic Djordjevic (Schoenherr Attorneys at Law), all under the overall moderation of Leonora Riesenburg (4-5 Gray’s Inn Square).

Interested in attending? Register to secure your place at the session here: https://t.co/RRP1Cdn1jc

[Harneys @HarneysGlobal]

We are pleased to announce that Harriet Green has been called to the Cayman Islands Bar, following the successful completion of our Articled Clerk Training Programme. Harriet now joins us as an associate in our Private Wealth, Litigation & Insolvency, and Restructuring teams in the Cayman Islands.

Read more: https://t.co/a1xatYsWCr

At Harneys, we are committed to providing opportunities to talented students looking for a successful start to their legal careers. We award legal scholarships to bright and ambitious students pursuing law degrees, post-graduate conversion courses, and post-graduate qualifying courses such as the Professional Practice Course, the Legal Practice Course, and the Bar Professional Training Course.

For more information on our student and graduate programmes please visit our careers page: https://t.co/5E2fEoBgEZ

[Harneys @HarneysGlobal]

On 5 June, Gráinne King of Harneys who also serves as EMEA Regional Co-Director of IWIRC, will be attending the IWIRC Leadership Summit & Flagship International Conference in Dublin, Ireland. She will join the panel on "Valuation Issues: Methodologies, Market Testing, and Fairness Allocation" at the Flagship Conference along with Federica Pietrogrande of The Brattle Group, Jo Hewitt of FTI Consulting LLP, Colleen Restel of Lowenstein Sandler LLP and Saskia Heumakers of NautaDutilh.

The conference offers exclusive leadership programming, engaging educational sessions led by renowned experts, and unique networking opportunities, all set against the backdrop of Dublin's rich culture and iconic landmarks.

Jessica Williams, our co-head of Litigation & Insolvency and Restructuring in the Cayman Islands will also be attending IWIRC’s Flagship conference.

Attending? Connect with Gráinne King and Jessica Williams.

[Harneys @HarneysGlobal]

Stay informed with the latest insights from our Regulatory Blog. Our recent posts include:

✒️ Non-Dom and beyond: Tax benefits for moving to Cyprus - https://t.co/NO3nNMPumS

✒️ Important update: CSSF’s LMT activation module now live - https://t.co/IYFmHjiB79

✒️ Key takeaways from the BVI FSC 2026 Meet the Regulator series - https://t.co/JLIwJib149

✒️ CySEC aligns with ESMA on cloud outsourcing for non-DORA entities - https://t.co/JJEd2KpCGO

Want to stay ahead of regulatory changes? Subscribe to our newsletter today - https://t.co/7925WvSKSg

[Harneys @HarneysGlobal]

Subscribe here: https://t.co/yZmEUDtZt2

[Harneys @HarneysGlobal]

When does a breach 𝘢𝘤𝘵𝘶𝘢𝘭𝘭𝘺 cause loss – and when can trustees unwind a mistake?

Two recent court decisions offer practical guidance for offshore disputes:

1️⃣Causation and common sense – The England & Wales Court of Appeal clarifies when third‑party fraud breaks the chain of causation in contract claims, with principles regularly applied across Cayman and other IFCs.

𝗥𝗲𝗮𝗱 𝗺𝗼𝗿𝗲: Common sense and common law: Navigating the gap between breach and loss - https://t.co/GxmadIJZo3

2️⃣Statutory Hastings‑Bass in Cayman – The Grand Court sets aside a deed of exclusion, providing useful guidance on good faith, standing and procedure under section 64A of the Trusts Act.

𝗥𝗲𝗮𝗱 𝗺𝗼𝗿𝗲: Statutory Hastings‑Bass in the Cayman Islands - https://t.co/6KEpsj4Nkr

[Harneys @HarneysGlobal]

Stay informed with the latest insights from our Regulatory Blog. Our recent posts include:

✒️ CSSF circular letters on AML/CFT data collection - https://t.co/uuQ0WNICXY

✒️ The EU’s 20th sanctions package on Russia: Key impacts and updates - https://t.co/Fagz3vJNbf

✒️ OECD unveils major 2025 tax convention updates - https://t.co/15aRpoyqOp

✒️ Simplifying fund filings: BMA's new SubmIT platform - https://t.co/74E7XpfQP4

✒️ Cayman Islands introduces regulatory framework for tokenised funds - https://t.co/lToBQpS4jZ

✒️ BVI FSC launches legitimate interest functionality: Compliance essentials - https://t.co/anFHBNGyzW

Want to stay ahead of regulatory changes? Subscribe to our newsletter today - https://t.co/7925WvSKSg

[Harneys @HarneysGlobal]

We advised on two SPAC IPOs that closed within five days of each other. Specifically, we advised RRE Ventures Acquisition Corp., on instruction from Latham & Watkins, on the closing of its US$250 million initial public offering, which closed on 1 May, and Quantum Leap Acquisition Corp., on instruction from Sichenzia Ross Ference Carmel LLP, on its US$200 million initial public offering, which closed on 4 May. Both SPACs are Cayman Islands-incorporated, and we acted as Cayman Islands counsel to the issuers.

Read more details here: https://t.co/jOrlo0XAHF