Crypto: redefining volatility
As crypto gradually becomes an institutional asset class, offshore lawyers are dealing with the casualties on the road to regulation
Following its dramatic collapse, the lack of due diligence and blatant disregard of red flags at FTX were self-evident to everyone; such is the wisdom of hindsight. The Bahamas-based platform – formerly the world’s second largest cryptocurrency exchange – had soared in value to a remarkable $32 billion by 2022 before depositors took fright at rumours of a black hole in its balance sheet: last November, FTX deposit balances fell by 87% in five days, culminating in FTX, its hedge fund Alameda Research and dozens of affiliates filing for Chapter 11 bankruptcy protection.
May 2023 News
Securitisation and Cayman Orphan SPVs – Part One
In the first in a series of three articles, 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.
April 2023 News
Global geo-politics: taking stock
Geoff Cook, Chair of Mourant Consulting, takes a closer look at global geo-politics – looking at the US strengthening its relationships with allies, the war in Ukraine, and the Chinese president visiting Russia to strengthen their economic and military ties.
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