International Private Client Forum 2018 Conference Programme

(A) Exits And Entrances: Excluding And Adding Beneficiaries

Never before have beneficiaries been more frustrated, litigious and disgruntled. Often they consider fiduciaries their nemesis, wasting “their” money and mismanaging “their” assets. What if the fiduciaries exercise their discretion to exclude beneficiaries? Adding and excluding beneficiaries in a way that will be acceptable to all stakeholders may be hard, but sometimes an inevitable task. What is the role of protectors? This breakout will call all attendees to share their experience and views, both from a legal and practical perspective, both under common and civil law.

Johannes Gasser, Gasser Partner Rechtsanwälte, Liechtenstein (session leader) 

  

(B) The Evolution Of The Family Office

Single Family Offices are becoming an increasingly popular option for wealthy families and entrepreneurs to manage their assets. Clients expect their professional advisors to have a broad awareness of how a professionally run Family Office should be structured and guide them at a high-level on key governance, legal and tax matters. This session will discuss key trends in the Single Family Office space, including the increasing professionalisation of SFOs, executive incentivisation, investment capabilities, reputation management and family interaction. Particularly, we consider how effective collaboration between professional advisers plays a critical role in building success in each of these areas.

(C) Alternatives To Foundations And Trusts, Including Partnerships

Can partnerships work as trust or will substitutes? Will this alleviate regulatory filings? What is the impact of partnership interests extinguishing upon death instead of passing to another owner? What are the strategic benefits to these alternatives? 

(D) Cryptocurrency Craze: A Risk Worth Taking?

Many clients are eager to add crypto currencies to their portfolios - despite the obvious risk associated with these virtual products. Fiduciaries may already be coming under pressure to invest in crypto-currencies. What are the pros and cons of the most popular cryptocurrencies globally, as well as the different crypto investment vehicles?

(A) The Demands Of The Asian Market

Geographically and culturally vast, how should the different jurisdictions of Asia be approached? Regional experts will guide us.

(B)

The Grand Tour Of Europe

 

Beatrice Puoti, Burges Salmon, UK (session leader)

(C) US Tax Reform: Its Impact On International Families And Structures

On December 22, 2017, the Tax Cuts and Jobs Act was enacted, accomplishing far-reaching US tax reform. For the international family, what still works and what does not?

Megan Worrell, Duane Morris, USA (session leader)

(D) The Latin American Perspective

Latin American clients are facing increasing challenges that influence succession and tax planning. Key questions include:

- How to restructure after a tax amnesty?

- What fiduciary structures are available in light of local legislation?

- What options are there for tax deferral, following amnesties and with increased transparency?

- How to mitigate political risk for clients living and investing in Latin America?

Sergio Michelsen Jaramillo, Brigard & Urrutia, Colombia

Alessandro Amadeu da Fonseca, Mattos Filho, Brazil