Transcontinental Trusts: Bermuda Forum Shaping the Global Agenda of the Offshore World
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Lead Gold Developed by Transcontinental Trusts: Bermuda Forum Shaping the global agenda of the offshore world Featuring 50+ international speakersand new innovative formats including: Interactive debates: Should a trustee pay tax when beneficiary opposed? Memorable networking events: • 26 April Golf Challenge & Welcome Reception • Beach Party • Farewell Reception 27th & 28th April 2015 International judicial roundtable: Latest developments offshore Fairmont Southampton, Bermuda Leading international trust experts and distinguished speakers include The Hon. Michael H. Dunkley, JP, MP Mykolas Rambus The Honourable Mr Elspeth Talbot-Rice QC Premier & Minister of Chief Executive Officer Justice David Hayton Barrister National Security WEALTH-X THE CARIBBEAN COURT XXIV OLD BUILDINGS BERMUDA OF JUSTICE Co- Co- Jon Conder chair Chief Justice Clare Maurice Basil Zirinis chair Partner Ian Kawaley Partner Partner MACFARLANES BERMUDA MAURICE TURNOR GARDNER SULLIVAN CROMWELL Silver Partner Bronze Partners Associate Partners Thought Leader Register Today: Tel: +44 (0)20 7017 7790 • Fax: +44 (0)20 7017 7824 • Email: [email protected] For Latest Programme & To Register: www.ibc-events.com/TransTrustsBermuda WELCOME TO BERMUDA Trans Trusts through the ages The Transcontinental Trusts conference has established itself over the last 30 years as the premier trust event in the private client practitioner’s diary. It is renowned across the industry for its content and expert driven approach, enabling delegates to obtain insights directly from industry leaders. 2015 will mark the inaugural Transcontinental Trusts Bermuda Forum, bringing this flagship event outside of Europe for the first time. ,, “ Interesting content “ An excellent and varied “ Transcontinental Trusts “ Hugely informative, presented by wonderful conference, beautifully always tackles the major stuffed with impressive speakers. A great chaired and a good issues that everyone in speakers and delegates networking opportunity” opportunity to meet the private client world is and great fun to boot” Gabelle others.” talking about” XXIV Old Buildings ,, Withers LLP States of Jersey Bermuda As one of the oldest international trust jurisdictions, Bermuda is known as a premier jurisdiction for trusts and other private client structures. Bermuda serves a broad spectrum of international businesses and high net worth clients, making Bermuda an ideal host for 2015. Your venue: Fairmont Southampton Reigning from atop Bermuda’s highest point, over a majestic 100 acre estate, The Fairmont Southampton is an exceptional Bermuda luxury hotel located on the island’s southern shore. 2 Register Today: Tel: +44 (0)20 7017 7790 • Fax: +44 (0)20 7017 7824 • Email: [email protected] • For Latest Programme & To Register: www.ibc-events.com/TransTrustsBermuda PROGRAMMES AT A GLANCE 26th April 2015 - Golf Challenge & Welcome Reception 28th April 2015 – Day Two 2.00 Registration 8.00 – 8.30 Registration 3.00 Golf Commences 8.30 - 9.20 Breakfast Briefings (choose 1 of 3) 5.30 Golf Concludes 7.00 Welcome Reception Briefing 1 - Cross Border Planning for Divorce 27th April 2015 – Day One Briefing 2 - Jurisdiction Hopping: Planning & Litigation Briefing 3 - Moving to US, Expatriating, OVDP, etc 8.00 - 8.30 Registration 9.30 8.30 - 9.20 Breakfast Briefings (choose 1 of 3) Chairs’ Welcome 9.40 PANEL DISCUSSION Briefing 1 - Coming to and Leaving Bermuda Bend Before it Breaks: Stress Testing Trust Briefing 2 - Canada: Is there Life Offshore? How to deal with Structures Legacy Canadian Trusts Briefing 3 - UK & International Information Flows: the 10.40 How to Change your Trust Structure Floodgates Open 11.20 Coffee break hosted by Hamilton Trust 9.30 Chairs’ Opening Remarks 11.50 The Good, The Bad and The Ugly 9.40 Opening Welcome from the Government of Bermuda and the Bermuda Business Development Changes Coming to a Theatre near You from the Agency United States 9.50 Keynote Address: Current Private Wealth Trends 12.30 Estate and Succession Planning in a Brussels IV 10.30 INTERNATIONAL JUDICIAL ROUNDTABLE World Latest Developments in the Offshore World Stream 1 Stream 2 11.20 Coffee break hosted by Hamilton Trust – Latin American – Middle East & Africa 2.20 Planning: Brazil & 11.50 PANEL DISCUSSION Argentina International Trust Litigation Update Stream 3 Stream 4 12.50 Lunch 3.00 – China & Asia – Europe 2.00 PANEL DISCUSSION Information Exchange & Privacy: UK, EU, US and OECD – Are we Heading Towards a Common Plan, or Chaos? 1.10 Lunch 3.00 DEBATE 3.40 Coffee break hosted by Hamilton Trust International Enforcement of Taxes: Should a Trustee Pay Tax when the Beneficiary is Opposed? 4.10 PANEL DISCUSSION 3.40 Coffee break hosted by Hamilton Trust Family Governance – the Soft and the Hard Issues 4.10 PANEL DISCUSSION Protecting Trustees: 4.50 CLOSING DEBATE Personal Liability for Trustees & Directors What Does the Future Hold? 4.50 PANEL DISCUSSION 5.40 Farewell Reception 21st Century Structuring Options 5.30 End of Day One 6.45 Beach Party hosted by Meritus Trust Register Today: Tel: +44 (0)20 7017 7790 • Fax: +44 (0)20 7017 7824 • Email: [email protected] • For Latest Programme & To Register: www.ibc-events.com/TransTrustsBermuda 3 Transcontinental Trusts Bermuda Forum 27th April 2015 – Day One 8.00 – 8.30 Registration 10.30 INTERNATIONAL JUDICIAL ROUNDTABLE Latest Developments in the 8.30 - 9.20 Breakfast Briefings (choose 1 of 3) Offshore World Briefing 1 - Coming to and Leaving Bermuda D E R AT O O Ian Kawaley Dame Janice Pereira R M Briefing 2 - Canada: Is there Life Offshore? How to deal Chief Justice Chief Justice with Legacy Canadian Trusts BERMUDA EASTERN CARIBBEAN Briefing 3 - UK & International Information Flows: the SUPREME COURT Floodgates Open The Honourable Mr Justice David Hayton The Honourable Chief Justice 9.30 Chairs’ Opening Remarks THE CARIBBEAN COURT Anthony Smellie Basil Zirinis Jon Conder OF JUSTICE CAYMAN ISLANDS Partner Partner SULLIVAN MACFARLANES CROMWELL 11.20 Coffee break hosted by 9.40 Opening Welcome from the Government of Bermuda and the 11.50 PANEL DISCUSSION Bermuda Business Development International Trust Litigation Agency Update D E R AT O O R M N a r i n d e r H a r g u n David Brownbill QC The Hon. Michael H. Ross Webber Dunkley, JP, MP Chief Executive Officer Director, Co-Chair & Barrister Premier & Minister of BERMUDA BDA Head of Litigation XXIV OLD BUILDINGS National Security CONYERS DILL & PEARMAN GOVERNMENT OF Shan Warnock-Smith BERMUDA Elspeth Talbot-Rice QC QC Barrister Barrister 9.50 ICT CHAMBERS The UHNW Population in 2014: XXIV OLD BUILDINGS E A O T D N D Global Trends and Implications for Y R E E S K S Bermuda & the Caribbean 12.50 Lunch hosted by This session will highlight trends in the global ultra high net worth population, with a specific focus on the Caribbean and Bermuda. We will assess global 2.00 PANEL DISCUSSION trends in wealth creation and compare these findings Information Exchange & Privacy: with the situation in the Caribbean and Bermuda: UK, EU, US and OECD – Are we • There are now 211,275 UHNW globally, 6% Heading Towards a Common Plan, growth from last year - why do we see such or Chaos? growth in this population? • Tips for adapting your business model: how • The world’s UHNW individuals hold 25% of trustees in Bermuda and other financial centres their wealth in cash and cash equivalents - how should respond do UHNW individuals decide on optimal asset • What will governments do with their new tools? allocation? • Will we see wealth tax and cross border tax • 6% of the world’s UHNW population is enforcement? expatriated and the Caribbean and Bermuda are • Prospects for public access to data increasingly important destinations for these • Looking to the future: what does it all mean for individuals - what explains these movements and the private banking industry? D E R AT who does it attract? O O Richard Hay R M Hil de Frias • In the next five years, we expect to see the Partner Director population of UHNW individuals grow by almost STIKEMAN ELLIOTT MJM LIMITED 30% - what does this imply for Bermuda and what Paul Hodgson other trends are relevant? Managing Director BUTTERFIELD TRUST Mykolas Rambus GUERNSEY Chief Executive Officer WEALTH-X 4 Register Today: Tel: +44 (0)20 7017 7790 • Fax: +44 (0)20 7017 7824 • Email: [email protected] • For Latest Programme & To Register: www.ibc-events.com/TransTrustsBermuda Transcontinental Trusts Bermuda Forum 27th April 2015 – Day One 3.00 DEBATE 4.50 PANEL DISCUSSION International Enforcement of Taxes: 21st Century Structuring Options Should a Trustee Pay Tax when the Are global transparency and reporting initiatives gradually discouraging the formation of certain Beneficiary is Opposed? trust structures or are new opportunities for wealth • Recent Guernsey and Bermuda cases preservation being created? This session will consider • Is it categorically ‘wrong’ to put assets offshore to these issues and will also look at the following: avoid tax? Anthony Poulton Andrew Holden • Opportunities and challenges with current and Partner Barrister future structuring options BAKER MCKENZIE XXIV OLD BUILDINGS • How to balance a settlor’s need for control and Jeremy Kosky avoiding risks of challenge. When is too much Partner CLIFFORD CHANCE control detrimental to a structure? • When is a corporate versus trust structure desirable? 3.40 Coffee break hosted by • Alternatives to trust structures, are there any left? D E R AT O O V a n e s s a S c h r u m Steve Cantor 4.10 PANEL DISCUSSION R M Head of Private Client Partner Protecting Trustees: Personal & Trusts CANTOR & WEBB Liability for Trustees & Directors APPLEBY BERMUDA Stanley Barg In the modern era of professional and sophisticated Randall Krebs Partner trust administration, the level of remuneration General Counsel KOZUSKO HARRIS MERITUS TRUST paid to trustees can sit uneasily with the level of DUNCAN protection from liability afforded to trustees by, e.g., widely drawn exoneration clauses and Beddoes Marianne Kafena Partner orders.