Flying colours

Responding to the relentless negative publicity directed at offshore territories, the International Financial Centres Forum was formally launched in London at the end of last year. Legal Business assesses the drivers behind this development and which offshore law firms have continued to expand despite the global economic crisis

‘The offshore world is tired of being the world’s whipping boy,’ says John Collis, chairman of Conyers Dill & Pearman. ‘Most of the negative publicity fired at offshore markets is simply wrong, and we now have a committed agenda to getting the story straight.’

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Over a barrel

A recent victory in The Hague has green-lit a record-breaking $100bn claim by Yukos’ majority shareholders against the Russian Federation. Legal Business investigates an arbitration that could change the face of international investment forever

On 31 May 2005, Mikhail Khodorkovsky shuffled into the spartan confines of Moscow’s Meshchansky courtroom for the last time, his hands and feet bound in shackles. Alongside co-defendant Platon Lebedev, he was placed inside a steel cage, flanked either side by armed militsiya guards. He was not facing trial for murder or some other violent crime, but for alleged fraud and tax evasion as part of a wider case against Russian oil giant Yukos, of which he was CEO.

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