Offshore elite firms thrive despite challenges

Dominic Carman

Featured in our Offshore Report (April 2021)

The offshore market is complex: each offshore financial centre (OFC) has unique characteristics although they still compete with one another in multiple areas of business. Collectively, OFCs provide significant levels of regulatory and tax competition for their onshore counterparts, but they are also complementary to their financial activities.

This report seeks to examine how law firms operating in the major OFCs have fared over the past year, the phenomenal rise of offshore SPACs (special purpose acquisition companies) during the Covid-19 pandemic, Gibraltar’s growth as a crypto-friendly jurisdiction and the future role of Hong Kong as a key source of offshore business…