This page contains a Flash digital edition of a book.
“The ones I’ve seen more recently have been mining or commodities groups, and I think that reflects the fact that they’re very attractive just now to investors, because commodity prices have been going northwards,” says Carey Olsen’s Mike Jeffrey. “Those commodities companies are


also a good bet for investors, largely because emerging markets need more and more commodities to make the engine run. So they’re very attractive to investors, and as a result, this is probably a good time for them to go to market. Glencore and Polymetal were two examples of that.” (See opposite.) Logic suggests that the market will


rebound, but when the economic freeze begins to thaw, will Jersey and Guernsey be in a good position to capitalise on the upturn? Mike Jeffrey certainly thinks so. “Clearly, it’s not a good time for any


IPOs at the moment, but I firmly believe that things will change back for the better,” he says. “And when it does, the Channel Islands are well placed, not least because of the historical links, but because in the


meantime, we’ve all had a chance to digest this stuff and get better at it.” However, while no one doubts the ability


of Jersey and Guernsey to handle major IPO business, there are challenges to be faced. “There is no doubt that governments in the major industrial countries are looking desperately to raise taxes, and anything they can do to keep the tax revenue within their zone, rather than let it escape by way of an offshore jurisdiction, I think they will do,” says Harriss, who believes this impulse will be especially strong in the Eurozone countries, for obvious reasons. That said, current wisdom dictates that


whatever growth the global economy sees will principally be driven by emerging economies. If that proves correct, then companies from those growing territories need to access capital markets to maintain their growth. And the key to the door for many of them will be found in the Channel Islands. n


CHRISTIAN DOHERTY is a freelance business journalist.


BVI, Cayman, Guernsey and Jersey


legal and fiduciary services Welcome to Ogier


At Ogier our vision is clear… to offer the most innovative and comprehensive multi-jurisdictional legal and administrative services, through our network of offices covering the world’s key financial centres and all time zones.


To find out more about how Ogier can assist you, please visit us at www.ogier.com or e-mail us at welcome@ogier.com


“Pure professionalism and service - cannot be beaten” PLC Which Lawyer?


www.ogier.com Bahrain •


Hong Kong •


British Virgin Islands • Ireland •


Jersey • London •


Cayman Islands • Shanghai •


Guernsey Tokyo


February/March 2012 businesslife.co 35


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88  |  Page 89  |  Page 90  |  Page 91  |  Page 92  |  Page 93  |  Page 94  |  Page 95  |  Page 96  |  Page 97  |  Page 98  |  Page 99  |  Page 100  |  Page 101  |  Page 102  |  Page 103  |  Page 104  |  Page 105  |  Page 106  |  Page 107  |  Page 108  |  Page 109  |  Page 110  |  Page 111  |  Page 112