Friday, November 17, 2006

Conyers Dill & Pearman Establishes its Middle East Office in Dubai International Financial Centre

It was already discussed in previous posts in connection with Conyers Dill & Pearman law firm that BVI offshore services can achieve more popularity in the countries of the Arabian world. Quickly expanding construction business, the boom of the infrastructure projects and related financings, are expected to provide major opportunities for offshore law firms having business in this region. Conyers Dill & Pearman, which is the leading offshore law firm and one of the major players in the BVI, has celebrated on November 14 the opening of its Middle East office with a reception office at the Emirates Towers. The company's new office is based at the Dubai International Financial Centre (DIFC).

Conyers Dill & Pearman specialises in company and commercial law, commercial litigation and private client matters. The firm offers comprehensive multi-jurisdictional offshore legal services and actually is the introducer of concept of multi-jurisdictional offshore law. It is the only law firm in the region to provide advice on the laws of British Virgin Islands, Bermuda and Cayman Islands.

The British Virgin Islands has proved to be a popular jurisdiction for holding companies as well as a preferred jurisdiction for joint venture vehicles, while Bermuda and the Cayman Islands have very active shipping and aircraft registries.

The Middle East office of Conyers Dill & Pearman will start with consultations on corporate and commercial law, cross-border investment funds (hedge funds, private equity and venture capital funds), project financings and securities.

It is managed by partner Roger Burgess. In his comments he said, “We have decided that the Middle East is a region where we need to be and we are committed to the region for the long-term ... The Middle East has traditionally been underinsured, and as development continues apace, demand for sophisticated insurance products will grow considerably. Given our expertise in the offshore insurance market, we expect to become involved in this line of business … With the experience we bring to the region we will also be looking to play a role in the development of Islamic insurance products.”

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