Agenda (Day 1)

THE TRUST AND ESTATE PRACTITIONER’S SWISS COMBINATION KNIFE

16th January 2020

Congress Centre Kursaal, Interlaken, Switzerland.

CONFERENCE THEME - THE TRUST AND ESTATE PRACTITIONER'S SWISS COMBINATION KNIFE

Theme - Day One - The Blades: Dangerous if you don't know how to use them, powerful if you master them

REGISTRATION, BREAKFAST AND NETWORKING

Kindly sponsored by Butterfield Trust (Switzerland) Ltd

WELCOME FROM THE SWISS & LIECHTENSTEIN STEP FEDERATION

Andrew McCallum TEP - Managing Director, Rhone Trustees (Switzerland) SA 

Chairman, Swiss & Liechtenstein STEP Federation 

Treasurer and Committee Member of STEP Geneva 

Treasurer and Executive Committee Member of the Swiss Association of Trust Companies

WELCOME FROM STEP WORLDWIDE

Mark Walley - CEO, STEP Worldwide

KEYNOTE ADDRESS - LEADING IN TIMES OF CHANGE

Inga will share her experiences of bringing a centuries old institution into today’s world

Inga Beale DBE, Portfolio Board Director

CHAIR'S OPENING REMARKS

Andrew McCallum TEP - Managing Director, Rhone Trustees (Switzerland) SA

Chairman, Swiss & Liechtenstein STEP Federation

Treasurer and Committee Member of STEP Geneva

Treasurer and Executive Committee Member of the Swiss Association of Trust Companies

TRUSTEE REGULATION IN SWITZERLAND

  • Scope: Who needs a license? Are there exemptions for private trust companies and family offices?
  • Prudential Supervision of trustees: What are the regulatory obligations that will apply to Swiss trustees?
  • Cross-border situations: What is the impact of the Financial Institutions Act on foreign trustees?
  • Licensing and Supervision: What needs to be done to be licensed? Who are the supervisory organisations and what is their role in the licensing process?
  • Supervision and Enforcement: What is the role of the supervisory organisation? What is the role of FINMA? How will they interact?
  • Update on the implementation of the new trustee regulation in CH
  • Can lawyers still act as trustee’s under the new rules in Switzerland ?
  • Next steps and timing?

Philippe de Salis TEP – Partner – Head of Fiduciary, Switzerland, Stonehage Fleming SA - Moderator

Professor Bahar Rashid - Partner, Bar & Karrer Ltd and Professor, University of Geneva

Leonard Vijverberg - Senior Associate, Lenz & Staehelin

LUNCH AND NETWORKING

Kindly sponsored by SwissLife Global Solutions

TRUSTEE REGULATION WORLDWIDE (COMPARATIVE LAW)

  • PTCs – Guernsey update on licencing requirements
  • Update on regulatory changes in foreign jurisdictions.The new Liechtenstein Governance system for trustees
  • Quo vadis trust business? The new agenda of regulators and the possibilities of tokenisation

Marcus Leese – Partner, Ogier - Moderator

Prince Michael of Liechtenstein – Executive Chairman, Industrie- und Finanzkontor Ets., Wealth Preservation Experts

David Russell TEP AM RFD QC – Barrister, Outer Temple Chambers

ECONOMIC SUBSTANCE

  • Requirements for economic substance in various juridiction and the implications for international clients
  • Focal points of economic substance from a legal point of view 
  • How do different participants of the financial market in Liechtenstein deal with requirements 
  • Attempt of defining different dimensions of economic substance 
  • Attempt of a practical, general definition of economic substance 

David Cooney – Partner, Charles Russell Speechlys AG - Moderator

Herbert Bischof - Managing Partner, BDO (Liechtenstein) AG

Paul Davis – Partner, Higgs and Johnson  

Professor Dr Pierre-Marie Glauser – Professor, University of Lausanne and Partner, Obserson Abels SA

NETWORKING AND REFRESHMENTS

Kindly sponsored by Schroder & Co Bank AG

BENEFICIAL OWNERSHIP REGISTERS OF COMPANIES & TRUSTS

  • FATF Recommendation 22
  • The new Swiss AML duties for Trust and company service providers
  • New Swiss AML requirements for identification of the beneficial owner
  • Beneficial ownership registers of companies & Trusts, where we stand?
  • Panama Papers; European Union; UK; British Crown Dependencies and Overseas Territories; Switzerland; USA

Filippo Noseda TEP - Partner, Mishcon de Reya LLP and Visiting Lecturer, King’s College, London - Moderator

Stephanie Auferil, Founding Partner, Arkwood SCP  

Lars Schlichting LL.M. – Partner, Kellerhals Carrard

SWISS CORPORATE TAX REFORM/EU ISSUES/EEA

  • The future relationship between the EU and Switzerland: possible scenarios
  • The future relationship between the EU, EEA and Liechtenstein: stable niche or delicate balance? (http://sous.li/wp-content/uploads/2018/11/Zur_Zukunft_Liechtensteins_in-Europa_31_10_18.pdf for a book on that topic)
  • Fair and effective taxation: Fair for whom?
  • Priorities of new European Commission: “a Europe that protects” or a Europe that competes?
  • Implications for Switzerland and Liechtenstein: how far can tax sovereignty and tax competition be upheld?
  • EU corporate tax law from a global perspective: protectionism v. competitivenes

Professor Dr Michael Wohlgemuth – Research Officer, Foundation for Economic Governance and Public Law - Moderator

Jean-Blaise Eckert - Partner, Lenz & Staehelin

Sabine Monauni - Ambassador of Liechtenstein to the EU

DAY ONE ROUND-UP

SWISS & LIECHTENSTEIN STEP FEDERATION STUDENT AWARDS

DRINKS RECEPTION

Kindly sponsored by swisspartners Marcuard Heritage AG

GALA DINNER

Kindly sponsored by Schellenberg Wittmer Ltd