Agenda (Day 2)

Mastering the wave of change – What about the “original” side of the coin: Services to clients

18th January 2019

Congress Centre Kursaal, Interlaken, Switzerland.

BREAKFAST AND NETWORKING

Kindly sponsored by LGT Ltd

CHAIR'S OPENING REMARKS

Dr Guillaume Grisel, LL.M. (Cambridge), PH.D., TEP - Vice-Chairman, Swiss & Liechtenstein STEP Federation

THE NEXT GENERATION: CHALLENGES AND OPPORTUNITIES ?

  • Demographic data on change of generation/ size of wealth
  • Strategies to build a successful relationship with the children
  • If children reject the structures set up by the parents can advisors/trustees lose the family ? What are the psychological or other origins of such a situation ?
  • How to include the next generation early on to ensure early interest and a smooth transition
  • What are the advantages of including the next generation early on.
  • What are Switzerland's and Liechtenstein's strengths and how to capitalise on them
  • What, if any, advantage does the US pose
  • What impact, if any, does forced heirship have on dealing with the family
  • What lessons can be learned from high profile family sagas

Nicholas Jacob TEP - Partner, Forsters LLP (Moderator)

Joshua Seth Rubenstein - Partner, Katten Muchin Rosenman LLP

HSH Princess Therese of Liechtenstein - Investment Associate

Dr Marina Walter, Medical Doctor, University Center of Legal MedicineGeneva/Lausanne (CH), HUG

HOW TO DEAL WITH ELDERLY CLIENTS/BENEFICIARIES AND MENTAL INCAPACITY

  • Incapacity overview: Common law jurisdictions and civil law jurisdictions
  • Governing law of the trust versus the law of the individual's domicile
  • Trigger event. Who takes the lead ?
  • Trustee's duties. Proactive or reactive ?
  • Evidence
  • Standing of interdicted person's representative
  • Trusts for incapacitated persons
  • Modification of terms and practical steps

Andrea Vicari TEP D.J.S. (Cornell) - Managing Partner, Vicari & Associati (Milan) (Moderator)

Edward Reed TEP - Partner, Macfarlanes LLP

Craig Swart TEP - Partner, Dickinson Gleeson

NETWORKING & REFRESHMENTS

Kindly sponsored by Accuro Trust (Switzerland) AG

MOBILITY AROUND THE WORLD. HOW FAMILIES GLOBE TROT AND SETTLE IN.

Immigration to US, UK, Israel, Portugal, Malta and Cyprus.

  • What are the advantages and disadvantages each jurisdiction has to offer from a tax and non-tax perspective?  
  • Pre and Post Immigration & Tax Planning
  • What is the typical client who would suit each jurisdiction? 
  • Cases the speakers have dealt with, including the success and the challenges faced.
  • Political instability and what our UK clients are doing
  • Why would anyone still move to the UK
  • Residence and citizenship shopping

Maurizio di Salvo - Of Counsel, Andersen Tax Legal

Justine Markovitz - Head of Swiss Operations, Withers

Michael Maxwell - International Business Development Manager, Dixcart Group

Inbal Faibish Wassmer - Partner, Rosenberg Abramovich Schneller, Advocates, Tel Aviv and Zurich (Moderator)

THE SWISS-UK AXIS

  • The latest news on Brexit in general: 1.5 months before D day.
  • Passporting : effects on the City: will we see an exodus of banks etc and therefore highly skilled employees (our type of clients)
  • Go behind the hype: will aircraft really be grounded etc
  • What does it mean for our internationally mobile client: will they leave the UK, what should we be advising them?
  • Free movement of persons, including tourists
  • Direct influence of Brexit on UK’s attractiveness for high net worth individuals? And for the professionals who advise them?
  • Indirect influence on Switzerland
  • Is Brexit an opportunity to strengthen cooperation between the UK and CH in the financial sector or is it the opposite?

Michael McKay - Founder,"The McKay Interview" (Moderator)

Jane Owen - Her Majesty's Ambassador to the Swiss Confederation and the Principality of Liechtenstein

Duncan MacIntyre - Chief Executive Officer, UK, Lombard Odier

LUNCH & NETWORKING

Kindly sponsored by Swiss Life Global Solutions

CHAIR'S OPENING REMARKS

Dr Johanna Niegel, LL.M. (Columbia University), Dip (ITM), TEP - Committee Secretary, Swiss & Liechtenstein STEP Federation and Chair of STEP Verein

NEWS FROM SWITZERLAND, LIECHTENSTEIN AND THE WORLD

  • Focus on value and long-term relationships: a view from Switzerland
  • US estate planning updates
  • US private client litigation updates
  • New and updated trust and foundations laws in the GCC common law jurisdictions
  • East Asian development: China, Hong Kong and Singapore
  • International developments and recent changes in tax legislation
  • Blockchain Act in public consultation

Stephanie Jarrett - Partner, Baker McKenzie (Moderator)

Patrick Brunhart - Deputy Director, Liechtenstein Office for International Financial Affairs

Joshua Seth Rubenstein - Partner, Katten Muchin Rosenman LLP

David Russell AM RFD QC - Barrister, Outer Temple Chambers

 

NETWORKING & REFRESHMENTS

Kindly sponsored by Dohle Corporate and Trust Services Ltd

THE GREAT DEBATE

  • Proposed Swiss trust law
  • Swiss trust regulation
  • Supervisory Organisation of Wealth Managers and Trustees (SOWT) and related issues
  • What should be the role/position of the Swiss & Liechtenstein STEP Federation with respect to these issues ?

Nicholas Jacob TEP - Partner, Forsters LLP (Moderator)

Filippo Noseda - Partner, Mishcon de Reya LLP

Luc Thevenoz - Professor of Law, University of Geneva

David Wallace Wilson TEP M.C.J. (NYU), Partner, Schellenberg Wittmer Ltd

CONFERENCE ROUND-UP AND CLOSE