Southpac Group Sees Rise In US Tech Founders Seeking Offshore Asset Protection As AI Legal Risks GrowSouthpac Group is seeing growing demand from US technology entrepreneurs seeking Cook Islands and Nevis asset protection structures as artificial intelligence, cybersecurity and data privacy disputes place founders’ personal wealth at increasing risk. As that wealth grows, so does the importance of thinking about long-term asset protection, succession planning and managing legal risk." Smith says offshore asset protection structures are far more common in the United States than in countries with less aggressive civil litigation systems. "The key point is that asset protection planning needs to happen before there is a dispute," Smith says. The Cook Islands became internationally recognised for asset protection trusts after introducing specialised legislation in the late 1980s.