Is It An Offshore Sham? A Balanced Perspective Is Welcomed

'these sophisticated offshore structures are very familiar nowadays to the judiciary who have to try them. They neither impress, intimidate, nor fool anyone. The courts have lived with them for years.'

It is interesting to note the air of adversity that has intensified over the past few months between the powers that be of the onshore jurisdictions, and those of the offshore jurisdictions, particularly in the face of collapse of the economic stability of certain onshore jurisdictions. For those offshore jurisdictions that feel they have been well regulated and well managed over many years and have worked hard to ensure their good standing in the global market, it would seem unfair and unfounded. Such offshore jurisdictions take the view that it would require instead, introspective soul searching of those onshore jurisdictions that have allowed overall poor management and poor judgment to