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The Advantages of Using BVI in an Economic Downturn

September 2009 Updated on 20 May 2010 Mark J. Forte Bernadette Carey

The largely unprecedented events in the global financial markets over the past twelve months have resulted in one of the most widely felt and multi-layered crises of our time. As part of the fall-out, the spotlight has inevitably been turned on offshore financial centres and many have been quick to label such jurisdictions as key contributors to the current economic difficulties faced by all. For the holders of the mass of private wealth that exists globally, the ability to legitimately preserve and protect personal assets in a convenient, private, and secure manner using these offshore financial centres may now seem to be under threat. With such jurisdictions placed under intense scrutiny in these difficult times, some have asked whether there remain any advantages to using offshore financial centres to achieve asset protection and succession planning goals.

 

To continue reading full articles in PDF format:
The Advantages of Using BVI in an Economic Downturn

 


Mark J. Forte
Partner, Head of BVI Litigation & Restructuring and Office

British Virgin Islands, Bermuda   +1 284 346 1113


Bernadette Carey
Counsel

Cayman Islands   +1 345 814 7371


This article was published by Private Client Practitioner.

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Articles

The Advantages of Using BVI in an Economic Downturn

29 September 2009 Updated on 20 May 2010 Mark J. Forte Bernadette Carey

The largely unprecedented events in the global financial markets over the past twelve months have resulted in one of the most widely felt and multi-layered crises of our time. As part of the fall-out, the spotlight has inevitably been turned on offshore financial centres and many have been quick to label such jurisdictions as key contributors to the current economic difficulties faced by all. For the holders of the mass of private wealth that exists globally, the ability to legitimately preserve and protect personal assets in a convenient, private, and secure manner using these offshore financial centres may now seem to be under threat. With such jurisdictions placed under intense scrutiny in these difficult times, some have asked whether there remain any advantages to using offshore financial centres to achieve asset protection and succession planning goals.

 

To continue reading full articles in PDF format:
The Advantages of Using BVI in an Economic Downturn

 


Mark J. Forte
Partner, Head of BVI Litigation & Restructuring and Office

British Virgin Islands, Bermuda   +1 284 346 1113


Bernadette Carey
Counsel

Cayman Islands   +1 345 814 7371