30 March 2023

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.

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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. 

March 2023 News

Hard Labour offshore

After the Tory economic debacle last autumn, Labour’s hostile political rhetoric about offshore centres continues. But will it translate into legislative substance?

March 2023 News

Great Expectations

The best of times, the worst of times: offshore firms have seen it all before. So how are they helping clients to deal with hard times and prepare for better times ahead?