The region’s wealthy are keen to harbor assets in offshore investment vehicles set up in the Caribbean archipelago, as their governments seek to raise more tax revenue. But finding lawyers to handle the workload has been a challenge.
September 19, 2022 at 06:19 PM
4 minute read
Latin America Correspondent
The original version of this story was published on Law.com International
The offshore law firm Harneys has been flooded with work from Latin American clients, including financial institutions and family offices that want to create investment vehicles in the Cayman Islands as their governments seek to raise tax revenue at home.
But recruiting lawyers to handle the workload has become more difficult, especially from its usual go-to source—the U.K.—since the advent of COVID-19 and law firm pay wars.
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James Smith, partner at Harneys. Courtesy photo
