British Virgin Islands: Harneys wins China Business Law Journal Deal of the Year Awards
Last Updated: 19 January 2017

Global offshore law firm Harneys has won two Deal of the Year Awards from China Business Law Journal for its work on the Kaisa Group's debt restructuring. Award winners were announced on 13 January 2017.

Harneys advised Kaisa Group Holdings Ltd in relation to the restructuring of US$2.5 billion of offshore debts. Led by Ian Mann and newly promoted partner Chai Ridgers, based in Hong Kong, and Jayson Wood, Litigation and Restructuring Partner in the firm's Cayman Islands office, the restructuring is arguably the largest judicially approved, multi-jurisdictional debt restructuring of a China-based group, with schemes of arrangement sanctioned by the Grand Court of the Cayman Islands and the High Court of Hong Kong, together with an application under Chapter 15 of the US Bankruptcy Code for recognition of the Hong Kong scheme.

Please see the full Kaisa writeup on our website.

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