Leading BVI and Cyprus Law Firms Join Forces

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Harneys announces "best friends" agreement with Aristodemou Loizides Yiolitis & Co.

Leading offshore law firm Harneys has announced a formal "best friends" agreement with Cypriot law firm Aristodemou Loizides Yiolitis & Co. (ALY). The arrangement, characterised by Harneys' partner Peter Tarn as "a major step on the road to establishing a solid presence in Cyprus," will see the two firms not only cross-referring work, but also undertaking joint marketing efforts, sharing office space and seconding lawyers into each other's operations.

Peter Tarn says, "Harneys has placed tremendous emphasis on the development of products and services tailored to BRIC markets over the past few years, and we believe that adding a Cyprus-based tax treaty element will be of great benefit particularly for all our clients, especially those in Russia and India. ALY has an obvious culture of service excellence and we are delighted with the agreement we have reached with them. Being first with an integrated Cayman/BVI/Cyprus service and with the ability to deliver that from Cyprus or London is very exciting and we believe that this relationship will flourish and develop."

ALY partner Pavlos Aristodemou commented that, "Our two firms have an outstanding cultural fit and a great deal to offer each other, both to the benefit of the firms and our clients."

The announcement comes less than two months after the opening of Harneys' Cayman office, and is a clear signal that the once exclusively British Virgin Islands firm is joining the offshore trend of multi-jurisdictional operations.

About Harney Westwood & Riegels
Harneys is a leading international offshore law firm, and is headquartered in the British Virgin Islands. Through its network of offices in the Caribbean, Europe and Asia, the firm provides the world's top law firms, financial institutions and corporations with legal services relating to British Virgin Islands, Cayman and Anguillan law. The firm also provides comprehensive company, trust and fund formation and administration services through its affiliated corporate and private wealth services business. To learn more about Harneys, visit their website at http://www.harneys.com

About Aristodemou Loizides Yiolitis & Co
Aristodemou Loizides Yiolitis & Co. is a Cyprus law firm specializing in all aspects of Cyprus commercial, banking, corporate, tax and trust law. The philosophy of the firm captures the essence of an international trend of investment into and via Cyprus driven by the favourable Cyprus tax regime. To learn more about Aristodemou Loizides Yiolitis & Co. visit http://www.alycolaw.com/index.htm.

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Aleksandra Hirst
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