Archive for the ‘British Virgin Islands’ Category

Harneys received several awards at BVI Financial Services Gala

Saturday, November 30th, 2019

BVI law firm Harneys was named Corporate Service Provider of the Year, Litigation Practice of the Year, and Tech Savvy Firm of the Year, at the BVI Financial Services Gala Awards Dinner which was held on 28 November 2019 to celebrate the 35th anniversary of the BVI International Business Companies Act. Also, the firm got Best Corporate Social Responsibility award, and was recognised for its lifetime service to the BVI.

Harneys BVI Managing Partner Tanya Cassie-Parker said in her comments: “Thank you BVI Financial Services Week Committee for organizing this event in recognition of those that have helped set the standard for legal and financial services in the BVI. Our award wins demonstrate the strong foundation and community ties that Harneys has in the BVI. We are proud to be the first legal practice established in the BVI, and we continue to strive for excellence and innovation in the financial services industry.”

Harneys offshore law firm to launch Asia Trusts and Private Client Advisory Group

Friday, August 2nd, 2019

Harneys offshore law firm in the British Virgin Islands offers a new tailored service to clients’ trusts and succession planning matters: Harneys’ Asia Trusts and Private Client Advisory Group. The clients will be supported worldwide in relation to both contentious and non-contentious trusts and succession planning matters, including complex tax and trusts structuring, cross-border probate, asset protection and international trusts disputes. The law firm has expertise in advising on trusts of all types, including BVI VISTA trusts and Cayman Islands STAR trusts.

Harneys’ global trusts and private client practice have got an excellent international reputation, among the firm’s clients there are world’s leading law firms, multinational corporations, major financial institutions, and high net worth individual private clients. In Asia, the company regularly works with clients in the wealth management industry and knows the needs of their businesses as well as local regulatory requirements.

Harneys’ Asia Trusts & Private Client Advisory Group will officially launch its new service at in September 2019.

Harneys became official legal firm for BVI RDA

Monday, July 15th, 2019

BVI offshore law firm Harneys received a contract as the official provider of legal services to the BVI Recovery and Development Agency (RDA). The official signing was held on 5 July. Legal duties of the company will include domestic BVI advice, including real estate and infrastructure projects, and corporate and commercial and dispute resolution advice. Harney was chosen by the Agency following the formal public tender process.

Company’s partner said in his comments: “We are delighted to have been chosen for this notable role as the RDA’s official law firm. It is an opportunity to contribute in a meaningful way to the achievement of Government’s strategic vision for a stronger, smarter, greener, and better BVI. Harneys have always been regarded as an institution synonymous with the BVI, providing the highest quality counsel, and innovative, practical legal thinking.”

BVI Government seeks new investors for hotel, after failure of deal with CA (BVI) Group Corp

Wednesday, May 1st, 2019

The VIP government is seeking new investors for redevelopment of the state-owned Prospect Reef Hotel, as the previous US$90 million deal between NDP administration and ICA (BVI) Group Corp signed in July 2017 has not materialized. Junior Tourism Minister Shereen Flax-Charles announced during the budget debate that prospective investors appeared at a recent tourism conference; also, by words of BVI Premier Fahie, many persons have interest about the hotel and continue to make contact with the BVI government.

Meanwhile, Third District Representative Julian Fraser urged the new government to pay the employees of the resort, as there are security guards who are not being paid. Also, he asked the government to give the facility some attention: “Prospect Reef has been a benefit to no one for the last 15 years. We cannot afford to lose those kinds of facilities. We are a tourism-oriented economy, and those are the things that we need. We don’t go back when it comes to development and efforts should be made in getting investors involved in bringing those things to life.”

The previous developers, ICA (BVI) Group Corp, had the plans to construct 150 rooms, condos/townhouses, a marina, conference centre, parking lots, a dolphin attraction, infinity pool, salt water pool, and villas. They received an extension from the NDP government, which expired on March 31, 2019.