‘People keep arguing’

Disputes continue to thrive across the offshore world. What are they arguing about?

When the economy’s going well, people argue about profits being made, and when it’s going down, they argue about who caused who losses,” says Stephen Baker, senior partner of Baker & Partners, a specialist offshore disputes firm headquartered in Jersey. “People keep arguing and I don’t see human nature changing,” he adds.

In October 2020, Baker opened a Cayman office which has recently expanded further to cope with demand. “We’ve been very busy,” says Baker. “In Cayman, it’s insolvency driven. The idea of Cayman is to replicate what we’ve been doing in Jersey: having a litigation-only, conflictfree offering, in both the real conflict sense and the soft conflict sense.”