At a time when the COVID-19 crisis is impacting multiple industries such as tourism and financial services, one of the world’s largest law firms, Dentons, has expanded to the British Virgin Islands.
Commenting on the move to set up shop in the BVI, Dentons described the territory as a leading international financial centre that plays an essential role in the global economy.
It further said the BVI has a well-developed and professional corporate infrastructure, political and economic stability, an internationally-renowned and respected commercial court and tax-neutrality.
“Our new offices in the British Virgin Islands … complement our strategy to enhance our offshore practices across the Caribbean, as well as in other offshore financial and corporate centres, such as Panama, Uruguay, Mauritius, Ireland, Luxembourg, Hong Kong and Singapore,” the law firm’s CEO for the Latin America and Caribbean region, Jorge Alers said.
A media release from Dentons said one of its partners within the firm, Stuart Bruce, will head its new BVI office. He has been described as having “extensive experience handling complex, high-value cross-border matters across Banking and Finance, M&A, Private Equity and Joint Ventures, Corporate and Regulatory advice”.
Dentons is said to have has offices in 25 countries and is now present in virtually all of Latin America and the Caribbean. In addition to the BVI, it also recently opened a firm in St Lucia.
Dentons continues to execute its strategy to scale the firm across the Latin America and the Caribbean region despite the unprecedented challenges created by COVID-19,” the firm’s Global Chairman, Joe Andrew said.
COVID-19 has caused major disruptions and lay-offs locally. Lay-offs have even happened within locally and internationally-based offshore law firm, Harneys.
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