The historic election of Barack Obama as the next US president could create a pivotal moment in how offshore firms operate globally. This Offshore Special Report examines the looming political and economic challenges facing the sector.
It is politically popular to hit out at offshore jurisdictions for hoarding tax-avoiding companies and individuals. But jurisdictions combat abuses of the offshore system in differing ways.
The first feature looks at the new Obama-backed tax bill from the US and its implications for offshore territories. In the second feature, the director of public prosecutions in British Virgin Islands defends his region’s record pursuing criminal activity; and the third feature at efforts by the Cayman Islands to tackle money laundering while maintaining clients’ confidentiality.
The fourth feature looks at the controversy surrounding an inquiry into allegations of corruption on the Turks and Caicos Islands; the fifth feature looks at how the credit crunch could sound the death knell for investors’ interest in offshore.
The sixth feature looks at why dispute resolution cases are often held on the shores of Caribbean legal systems; the seventh feature questions the worthiness of arbitration clauses in trust deed, and the eighth feature looks at a new ‘timely’ ruling by the Isle of Man that allows the appointment of English company administrators.
The ninth feature welcomes a new Companies Law in Guernsey that brings compromise agreements inline with English law; the tenth feature highlights a landmark decision to do with enforcing foreign matrimonial orders.
Feature number 11 warns that funds without safeguards could end up at the mercy of investors during the downturn; the 12th feature examines how offshore firms can take advantage of new jurisdictions in emerging markets and the 13th feature points to Mauritius as an ideal investment platform.
The 14th feature looks at how new private trust regulations on Cayman Islands have been greeted with enthusiasm by both lawyers and clients alike; the 15th feature looks at new legislation that opens doors for private equity and venture capital funds in Luxemburg, and the 16th feature examines British corporations that are considering moving offshore due to ‘uncompetitive’ tax policies in the UK.
Click the underlined features above to read them.