One year ago, offshore lawyers were rather optimistic about their various jurisdictions standing up to what was then really the first wisps of a worldwide financial storm. Then September struck, markets melted down and economic panic became pervasive and widespread.What do these lawyers say now? For one, all agree that the global financial crisis has arrived with a thud on their doorsteps, with the turmoil that has shaken up mainstream markets in major onshore jurisdictions having finally spread enough to significantly impact some traditional cornerstones of offshore legal practices: structured finance, capital markets, bank lending and headline-grabbing listings on major exchanges and London's Alternative Investment Market (AIM).
March 04, 2009 at 09:28 PM
1 minute read
The original version of this story was published on Legalweek
With the global crisis ushering in an era of cautious investment and beefed up financial regulation, how are offshore law firms positioning themselves? Jeffrey White takes a glimpse into the brave new post-Lehman world
One year ago, offshore lawyers were rather optimistic about their various jurisdictions standing up to what was then really the first wisps of a worldwide financial storm. Then September struck, markets melted down and economic panic became pervasive and widespread.
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