Commissioned by the UK chancellor following last year's Pre-Budget Report, October saw Michael Foot deliver his final report on the offshore finance industry. The independent review was undertaken as a result of the global economic downturn and was to focus on a number of areas that impact on the future sustainability of the British crown dependencies (Guernsey, Isle of Man and Jersey) and six overseas territories (Anguilla, Bermuda, British Virgin Islands, Cayman Islands, Gibraltar, Turks and Caicos Islands).
November 23, 2009 at 07:18 AM
1 minute read
The original version of this story was published on Legalweek
Michael Foot’s external review of the offshore finance industry recognised the importance of the crown dependencies to the UK. Russell Clark and Graham Parrott look at the report’s recommendations for the future
Commissioned by the UK chancellor following last year’s Pre-Budget Report, October saw Michael Foot deliver his final report on the offshore finance industry.
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