Entities formed in Bermuda, the British Virgin Islands (BVI) and the Cayman Islands are involved in the lion’s share of a wide variety of cross-border transactions around the world, from dual listings to joint ventures and group reorganisations to investment funds to issuers in the structured finance markets.
The reasons traditionally cited for this phenomenal success include: legal systems based on English law; neutrality; a stable political system; AA sovereign risk ratings; service providers to the highest international standards; confidence in the court system; a convenient time zone; first class communications; a good climate; good hotels; and good meetings facilities.
