Offshore law firm Harney Westwood & Riegels (Harneys) has confirmed its growth strategy in a tie up with Cypriot firm Aristodemou Loizides Yiolitis & Co. (ALY), following the opening of its Cayman office only a few months ago.
The "best friends" agreement with ALY will provide a link of work referral and secondment of lawyers across the firms, as well combining marketing efforts and office space.
The tie up will best serve Harneys' clients in India, said partner Peter Tarn, as the addition of a Cyrprus-based tax treaty will be valuable for the firm's Asian region clients.
"Our two firms have an outstanding cultural fit and a great deal to offer each other," said ALY partner Pavlos Aristodemou.
The news comes following the recent opening of its Cayman office, on 1 September.