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
Carlos de Serpa Pimental, Appleby, Cayman Islands

  

(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.
David Bowen, Deloitte, UK 
Paula Higgleton, Deloitte, UK
Joshua Rubenstein, Katten Muchin Rosenman, USA

(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? 

Sonia Velasco, Cuatrecasas, Spain

Arnold van der Smeede, Arcagna, The Netherlands
Anton Seatter, Sanne Group, UK

(D) Litigation update
Richard Wilson QC, Serle Court, UK
Jeffrey P. Elkinson, Conyers Dill & Pearman, Bermuda
Jeremy Kosky, Clifford Chance, UK

(A) The demands of the Russian market

Geographically and culturally vast, how should the Russian market be approached? 
Maxim Alekseyev, ALRUD, Russia

(B)

The grand tour of Europe Private wealth structuring in a Europe-populist/ Brexit affected world  

 

In response to the EU Summit in October and recent political events across Europe, this session will focus on the client shift within your own practice and what the Brexit and populist related trends are across Europe (in particular, UK/Italy/ Spain/ Switzerland) for structuring and advice.  The session will focus on:

- What  clients want to be advised on now.

- What structures have advisors put in place.

- What protective measures-if any- can be implemented

Beatrice Puoti, Burges Salmon, UK 

(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 

Charles Barragato, BDO, USA

(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