Opportunities and challenges for offshore funding vehicles in Commonwealth jurisdictions| 17th May Recording
Mr Peter Vas; Partner, Loeb Smith
Ms Julia Charlton; Chairman, Commonwealth Chamber of Commerce
Peter Vas is a Partner at Loeb Smith and is in charge of the firm’s Banking and Finance and Corporate Groups in Hong Kong. He specializes in finance, corporate and non-contentious restructuring transactions. He provides British Virgin Islands and Cayman Islands law advice to financial institutions, private clients and corporate entities for complex legal issues and his model performance has led to his recognition in the Asia Business Law Journal’s A-list of Top 50 offshore lawyers in 2022. Prior to working at Loeb Smith, Peter worked as an attorney in Sidley Austin’s London office and the Channel Islands and Hong Kong offices of another leading international offshore law firm.
During this informative fireside chat event, guest speaker Peter Vas gave a comprehensive presentation explaining the concept and purpose of offshore funding vehicles and described in detail what aspects of Commonwealth offshore jurisdictions contribute to their popularity, including their robust legal frameworks and infrastructure. Amongst the best known Commonwealth offshore jurisdictions are the Cayman Islands, the British Virgin Islands, and Bermuda which were discussed in detail during the fireside chat section of the webinar. The discussion also involved a critical analysis of the benefits such jurisdictions provide as well as the growing distrust and doubt surrounding them due to increasing legal regulations and negative media coverage of scandals these jurisdictions have been involved in. The fireside chat concluded with a reflection on the importance of offshore funding vehicles and our speakers providing their elaborations on whether they will remain important in the future or not.
Watch the full recording of this webinar through the video player on the top of this page or by visiting our YouTube channel via this link here.