Bloomberg reported:
Walkers Global doesn’t offer English or U.S. legal services, but the
400-lawyer international offshore law firm with roots in Grand Cayman,
counts companies from those countries as its clients,
including Blackstone, The Carlyle Group, Merrill Lynch and others.
This month, it announced
two expansions: Opening an office in Bermuda; and the launch of Walker
Professional Services, which will provide companies in Cayman with a
registered office, registered agents, corporate secretarial services and
other services. It hopes to launch Walker Professional Services by
mid-June, marking its re-entrance to what it calls “the corporate and
fiduciary services business,” after selling a similar business in 2012.
Carlyle has hundreds of
Cayman Islands subsidiaries. Walkers spread internationally since its Cayman founding in 1964. Both Walkers and Carlyle make huge money
avoiding U.S. corporate taxes. It's
the water in which they swim and drive their yachts.
