Economic headwinds blow hard
Dominic Carman
As the World Bank forecasts stagflation, offshore firms see a silver lining
Except for a depressingly small minority among them, lawyers know nothing. They are incapable of logic.’ The words of Willem Buiter, a distinguished academic and former chief economist at Citigroup. His polemic against lawyers is quoted extensively in an Economist article headed ‘Can lawyers be economists?’
Buiter’s judgment is clearly flawed. Offshore lawyers may not know the intricacies of modern monetary theory, but they do understand opportunity cost, diminishing returns, market equilibrium, economic efficiency, comparative advantage, and so on. They have to. Not only are they advising business clients whose commercial decisions are dependent upon anticipating and reacting to economic events, but they are also running sizeable international businesses themselves, spread across a range of far-flung islands.
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. ...
