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Mark Chudleigh, with Kennedys, left, and Carey Olsen partner Gavin Woods, right.

The European Union’s decision to impose “economic substance” laws on Bermuda and other offshore financial centers could have dramatic consequences for the offshore legal market and for thousands of businesses registered offshore, lawyers say.

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Michael Washburn

Michael Washburn, based in New York, covers the business of law firms, including areas such as compensation, governance, technology, expansion, corporate culture, and competition among firms.

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