Harney Westwood & Riegels

Harneys is a prominent legal practice firm in the British Virgin Islands (BVI), established in 1958 by Harold Harney. Along with its affiliated fiduciary services business, Harneys holds the position of the second-largest private employer in the BVI.[2]

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.[3]

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 closely 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 Act, 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.[3]

The firm expanded steadily in terms of 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), Shanghai (2015) and Tokyo (2015). In 2013 the firm entered into a strategic alliance with BLC Chambers in Mauritius to give it Mauritius legal capability.[4]

Specializing in corporate and commercial law, the firm is especially well known for its corporate & finance, investment funds and commercial litigation practices. It also had dedicated practice groups relating to regulatory compliance (including tax information exchange) and sanctions.

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.[5]

Harneys is also 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).[6]

Harneys is ranked in most jurisdictions where it practices (normally in Band 1) various international legal directories. As of 2014, Harney's ratings include: