Not true. Gibraltar companies operate under different conditions. For example, following a big gamble, UK bookmakers paid out but their Gibraltar-based counterpart did not:
It took legal action to get them to eventually pay out; the circumstances were murky and did not reflect well on the Gibraltar authorities. This is why I said they weren't customer friendly!
http://www.racingpost.com/news/horse-racing/barney-curley-be...
It took legal action to get them to eventually pay out; the circumstances were murky and did not reflect well on the Gibraltar authorities. This is why I said they weren't customer friendly!
http://www.telegraph.co.uk/finance/newsbysector/retailandcon...