Walkers are most popular:
- within Accounting and Audit, Immigration and Insurance topic(s)
- in European Union
We are seeing an increase in private / corporate jet
financings as those with the means to do so move away from
commercial flights in the wake of the pandemic and even moreso
given that there doesn't appear to be a clear end in sight.
Invariably these financings utilise a BVI borrower in the structure
with the aircraft being beneficially owned by the BVI company and
ultimately registered in Bermuda, the Cayman Islands or other
markets in the Americas. Given the state of play in the shipping
industry, we are also seeing an uptick in vessel refinancings
involving large cargo vessels which is not unexpected as we
continue to witness unprecedented supply chain interruptions. The
refinancing activity is particularly significant in the European
and Asian markets where BVI companies remain popular holding
vehicles and are being deployed as guarantors and security
providers.
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