What are the features of the English law that make it so indisposable to international finance and particularly offshore companies?
I've recently bumped into this passage when reading about Cyprus, which is sort of an offshore center for companies working on the Eastern European markets, particularly Russia and Ukraine:
There is no alternative to Cyprus as a jurisdiction. The tax system for holdings is far too advanced and flexible. The Netherlands and Luxembourg do contain some features, but those conditions are still not as favorable for investors. There is no direct matching. You cannot simply take a Cyprus company and replace it like a piece of Lego in Luxembourg. You would need to use several jurisdictions, with several layers of holding companies in order to achieve a cascading system of tax distributions.
From what I understand, Cyprus stands out precisely because it runs on English corporate law. But which major parts of the law help Cyprus surpass the Netherlands and Luxembourg? Why don't the Netherlands and Luxembourg (and other countries, really) simply copy them?