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.
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. ...