And total deal values across the offshore world in the first quarter of 2014 has only been topped twice since the beginning of 2008.
Jersey was one of three stand out jurisdictions around the globe in the first 12 weeks of the year, with 38 deals completed that were worth a combined US$5.6 billion. That was about US$4.6 billion higher than in the last quarter of 2013 despite the number dropping from 50.
The total value of offshore deals was up by 79% in the first quarter when compared to the same period last year and hit its highest level since the end of 2012.
Appleby partner Cameron Adderley, who is global head of corporate and commercial, said: ‘The most significant conclusion is that we’ve turned a corner away from a difficult five years following the global financial crisis.’
