Joshua Miller, CEO of Hong Kong-based real estate brokerage platform OKAY.com, recalls his first impression of working with Peter Vas, Loeb Smith`s partner in Hong Kong, on a complex British Virgin Islands case and was amazed at his support and deep knowledge of offshore issues. Large offshore companies do not use the terminology of the “magic circle”. Edward Fennell, a legal columnist for The Times, has expressed gloomy views about law firms that describe themselves as part of an offshore circle of mages. [12] However, the concept of an offshore magic circle is actively promoted by legal recruitment consultants who hope to convince London lawyers to work in an offshore jurisdiction for a few years. [10] Harneys, through Aristomedou Loizides Yiolitis LLC, representative office in Shanghai (Cyprus), has one of the largest offshore law firms in mainland China. Our Shanghai team offers an award-winning range of offshore legal services in our core practice areas of corporate and commercial law, banking and finance, mutual funds, personal assets, dispute resolution, insolvency and restructuring. We do not practice PRC law. James Thomson, Head of Financial Sponsors, APAC, at French Corporate and Investment Bank Natixis in Hong Kong, praises Mourant`s managing partner in Hong Kong, Paul Christopher, as “an outstanding figure in Asia for his offshore legal work”. In the wider legal community, it has been suggested that the label of “magic circle” for offshore companies should promote itself. Not only does the group proposed by Legal Business appear to be large (with nine firms as opposed to the five firms in London`s original magic circle), but it also appears to include a fairly high percentage of all specialist offshore law firms, including almost all major law firms in the Channel Islands. [11] “Appleby is a respected and long-established offshore company.

I am particularly impressed with their mutual fund management skills. Each quarter, we give you an overview of the latest legal and regulatory developments in the offshore world, with a particular focus on Bermuda, the Cayman Islands and the British Virgin Islands, which are widespread in Asia. In August 2020, Shaun Folpp joined Campbells as Managing Partner of Mourant Ozannes, supporting the firm`s litigation, insolvency and restructuring offerings. Folpp has experience in acting for and against insolvency administrators in all forms of external administration and litigation, as well as representing clients before the courts of the British Virgin Islands and the Cayman Islands. Jenny Nip is a major name in corporate work and finance, including mergers and acquisitions, capital markets transactions, private transactions, and downstream private equity financing and investment transactions, with a focus on the Chinese market. Robert Searle is recommended for the creation and restructuring of mutual funds. * Carey Olsen was formed by the merger of two companies of roughly equal size from Jersey and Guernsey. Mourant Ozannes was born from the merger of companies from Jersey, Guernsey and the Cayman Islands. This list of rooms included the same names as the list compiled by Legal Business in its 2008 article in Offshore Review. In addition, Chambers explained that specialized offshore companies (e.g. Hassans), no matter how well, would not be considered in this new Global – Offshore category.

[14] “With over 20 years of experience, Paul is known and recognized for his high-quality offshore legal advice,” said Thomson. “He is particularly known for his specialization in all offshore aspects of private equity.” Helen Jian, Senior Investment Manager at Transpac Capital in Hong Kong, has a similar view of Oakes. “Anthony has extensive expertise and experience in overseas structuring, fund creation and tax planning,” says Jian. “He did a very professional job in terms of private equity investments, including selecting fund vehicles and advising on investment conditions.” With the increasing adoption of cryptocurrencies and special purpose acquiring companies (SPACs), offshore jurisdictions are preparing to offer businesses a well-tailored infrastructure plan to maximize capital. However, each offshore financial centre has unique regulatory frameworks that are better suited for specific purposes to introduce tailored due diligence. Asia`s leading wealth management groups, hedge funds, private equity firms and venture capital firms are based in offshore financial centres due to their operational efficiency, reduced taxes, greater privacy, advanced legislation and greater business flexibility. Offshore environments are also more favorable for companies seeking to be listed on U.S. and Asia, and individuals setting up mutual funds and asset protection services. Allan Wardrop, senior vice president of global asset management firm Oaktree Capital in Hong Kong, sees Fulton as a strong role model in the industry and has hired young lawyers to mentor Fulton.