The European Union (EU) Savings Directive (2003) took effect on 1 July, 2005.
This article looks at the impact of the Directive in Bermuda, the Cayman Islands and the British Virgin Islands (BVI).
2 minute read
Page Printed From:
https://www.law.com/international-edition/2005/10/12/the-bermudan-disadvantage/
The Bermudan disadvantage
Offshore:The seismic impact of the EU Savings Directive has meant offshore jurisdictions have been forced to implement equivalent measures. While Bermuda was left out of the Directive's scope, the apparent advantage this lent the island has resulted in some unexpected consequences. Christopher Johnson-Gilbert explains
October 12, 2005 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
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