Finding the right niche for Gibraltar

The legal services community in Gibraltar is looking forward to opportunities offered by legislation coming out of the EU as well as what it believes will be a flight to quality European jurisdictions in 2010.

mosaic

The latest hot topic doing the rounds in Gibraltar is Islamic finance. The territory’s legal community, together with tactical support from the Financial Services Commission (FSC), is exploring the possibilities. Leading the initiative is Joey Garcia, senior associate at Isolas.

According to Garcia the territory looked at introducing a framework for Shariah compliant financial services a few years ago, but the project was dropped. Garcia is keen to get it back on the agenda, having helped

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