Trawl through 90 pages of the Foot Report - an economic health check of British offshore financial centres delivered to HM Treasury last October - and you'll get a mixed impression. The three crown dependencies (Jersey, Guernsey and the Isle of Man) fare pretty well. But among the six overseas territories (Anguilla, Bermuda, British Virgin Islands (BVI), Cayman Islands, Gibraltar, Turks and Caicos Islands) a more nuanced picture emerges, with Foot concluding that some jurisdictions need action on transparency, regulation, fiscal management and tackling financial crime: "Meeting international standards... is an absolute must if the (offshore) jurisdictions wish to continue to hold themselves out as internationally active financial centres."
February 24, 2010 at 07:04 PM
1 minute read
The original version of this story was published on Legalweek
Lawyers are keen to defend their territory after the Foot Report painted a mixed picture of offshore jurisdictions. Dominic Carman reviews how firms have responded to a hard year
Trawl through 90 pages of the Foot Report – an economic health check of British offshore financial centres delivered to HM Treasury last October – and you’ll get a mixed impression.
Presented by BigVoodoo
Celebrate outstanding achievement in law firms, chambers, in-house legal departments and alternative business structures.
The African Legal Awards recognise exceptional achievement within Africa s legal community during a period of rapid change.
Law firms & in-house legal departments with a presence in the middle east celebrate outstanding achievement within the profession.
A large and well-established Tampa company is seeking a contracts administrator to support the company's in-house attorney and manage a wide...
We are seeking an attorney to join our commercial finance practice in either our Stamford, Hartford or New Haven offices. Candidates should ...
We are seeking an attorney to join our corporate and transactional practice. Candidates should have a minimum of 8 years of general corporat...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
