Conyers: Luthi drives Caribbean cohesion
Conyers chairman Christian Luthi talks to Dominic Carman about the firm’s commitment to the Caribbean and a renewed focus on Dubai and London
How would you describe the past year?
The Bermuda market tends to follow the US market – a rule of thumb, in my experience over the last 35 years. Our activity levels are dictated more by the US markets. But we don’t close our eyes to Europe: our insurance market is very Europe and UK-oriented, and insurance makes up the lion’s share of the offshore product in Bermuda. Insurance markets generally had a reasonably good year; the insurance product in Bermuda remains extremely vibrant, which buoys up Bermuda’s international business proposition.
Last year was difficult across all capital markets, because of Ukraine and economic slowdowns. We were pleasantly surprised by the uptick at the end of our financial year, the beginning of 2023. It’s continued: our busyness levels have remained high, particularly in Bermuda – from April-June, we exceeded budget. It is encouraging. I’ve done this long enough to know that one quarter does not a year make, but it’s good to see. There’s cautious optimism in terms of professional services on the island. There are looming regulatory and global tax issues around the corner, but the prognosis is good and, from an international business perspective, Bermuda as a jurisdiction remains very sound.
August 2023 News
Securitisation and Cayman Orphan SPVs – Part Three
In the final article in a series of three, Paul Trewartha and Simon Lawrenson, Partners at Mourant Hong Kong, examine the key features of a securitisation vehicle and the advantages of utilising an Orphan SPV in the Cayman Islands for a securitisation transaction. In the first article of the series Securitisation and Cayman Orphan ...
July 2023 News
Cream of Jersey: best in class
Dominic Carman meets with the managing partners of Jersey’s elite law firms to discover how they are rising above economic challenges to deliver growth Enjoying a preeminent reputation as a major international finance centre that is both stable and at the forefront of international regulation, Jersey is often cited as a best-in-class offshore jurisdiction. ...