Offshore law firms in the Caribbean basin are no strangers to tempests. Last year’s Atlantic hurricane season was one of the worst on record. The British Virgin Islands (BVI) suffered catastrophic damage; many BVI-based law firms had to evacuate their staff after Hurricane Irma crippled infrastructure across the island chain.
Storm clouds have been brewing metaphorically too. Ongoing regulatory scrutiny across the offshore world continues to hang heavy, with the broader industry still trying to salvage its reputation from the wreckage caused by the Panama Papers leak. So when U.S. President Donald Trump announced changes to the country’s tax laws at the end of last year, offshore firms were bracing for another violent squall that threatened to flatten large chunks of their business.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]