Harney Westwood & Riegels (or Harneys) is a global offshore law firm that provides advice on British Virgin Islands, Cayman Islands, Cyprus, Luxembourg, Bermuda, Anguilla, and Jersey law to an international client base that includes law firms, financial institutions, investment funds, and private individuals. They have locations in major financial centers across Europe, Asia, America and Caribbean.
In 2016 Harneys was named Offshore Law Firm of the Year by The Lawyer in its annual awards.
History Harneys was established in 1960 by Harold Harney. Along with its affiliated fiduciary services business, Harneys is the second-largest private employer in the BVI.
In its early days, Harold Harney founded the first resident legal practice firm in the BVI, later joined by Neville Westwood in 1967 and Michael Riegels in 1973.
William Peake is the firm’s global managing partner and is based in the London office.
Notable alumni of Harneys include: Michael Riegels QC, inaugural chairman of the British Virgin Islands Financial Services Commission Dame Janice Pereira, the current Chief Justice of the Eastern Caribbean Supreme Court Lewis Hunte QC, former Attorney General of the British Virgin Islands Tamia Richards, senior Magistrate in the British Virgin Islands. Myron Walwyn, British Virgin Islands Minister of Government worked at Harneys as a summer intern whilst studying law.
The firm has worked with the government of the BVI over the years in relation to the development of the offshore finance industry in the Territory. Three of the partners of the firm formed part of the "gang of five" that drafted the original International Business Companies ActO. Bullough, Butler to the world: How Britain became the servant of tycoons, tax dodgers, kleptocrats an criminals, London, Profile Books, 2022, p. 60., and members of the firm were also closely involved in the drafting of subsequent key legislation, including the Insolvency Act 2003, the BVI Business Companies Act 2004 and the Securities and Investment Business Act 2010.
Managing Partners
Richard Peters (-2001-2010-)Michael Chambers, Chambers Global: The World’s Leading for Business. 2010 The Client’s Guide, London, Chambers & Partners Pub., 2010, p. 416. William Peake (-2026-)
Offices The firm expanded with new offices for several years, followed by a surge of five new offices in two years in 2014–2015. The first new office was opened in Anguilla (1998)*, followed by London (2002), Hong Kong (2005), the Cayman Islands (2008), Cyprus (2009), Montevideo (2010)*, Singapore (2014), Vancouver (2014) - now closed, Shanghai (2015), Tokyo (2015) - now closed, Bermuda 2015, Luxembourg (2019), and Jersey (2025). In 2013 the firm entered into an alliance with BLC Chambers in Mauritius to give it Mauritius legal capability - now closed.
Harneys no longer maintains a physical office in Anguilla; however, they have several Anguilla-qualified lawyers in its BVI, London, and other offices. It's Montevideo office is now solely run by the firm's strategic alliance partner Harneys Fiduciary.
Practice Harneys’ offering spans transactional, contentious, and private client disciplines. The firm’s nine main practice areas are Banking & Finance, Corporate, Digital Assets & Blockchain, International Arbitration, Investment Funds, Litigation & Insolvency, Private Wealth, Regulatory & Tax, and Restructuring.
Partners at Harneys wrote the first, and to date only, legal textbook on British Virgin Islands law: British Virgin Islands Commercial Law, published by Sweet & Maxwell.
Harneys is one of only two law firms in the world (the other being Allen & Overy) which provides official opinions to ISDA on close-out netting analysis for three or more different jurisdictions (BVI, Anguilla, and Cyprus).http://www2.isda.org/functional-areas/legal-and-documentation/opinions/ (Login and password required)
Rankings Harneys is ranked in most jurisdictions where it practices (normally in Band 1) various international legal directories. As of 2014, Harney's ratings include:
+ Harneys Legal Directory Rankings (2014) Jurisdiction Practice Area Ranking/Position Chambers Global Anguilla General Business Law Band 1 British Virgin Islands Financial & Corporate Band 1 British Virgin Islands Dispute Resolution Band 1 Cayman Islands Financial & Corporate Band 4 Cayman Islands Dispute Resolution Band 3 Cyprus Corporate / Commercial Band 2 Mauritius General Business Law Band 1 IFLR 1000 British Virgin Islands Financial & Corporate Tier 1 British Virgin Islands Investment Funds Tier 1 Cayman Islands Financial & Corporate Tier 4 Cayman Islands Investment Funds Tier 3 Mauritius Financial & Corporate Tier 1 Legal 500 Anguilla General No rankings British Virgin Islands Corporate & Commercial Tier 1 British Virgin Islands Dispute Resolution Tier 1 Cayman Islands Corporate & Commercial Tier 3 Cayman Islands Corporate & Commercial Tier 3 Cyprus Banking and Finance Tier 2 Cyprus Corporate and M&A Tier 2 Mauritius General No rankings
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