International Private Client Forum 10-12 November 2016 Villa D’Este, Cernobbio Lake Como, Italy
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Principal sponsor International Private Client Forum 10-12 November 2016 Villa d’Este, Cernobbio Lake Como, Italy International CONFERENCE PROGRAMMEPrivate Client THE ANNUAL MEETING PLACE FOR INTERNATIONALFo ruPRIVATEm CLIENT LAWYERS Wealth in the Age of Extremism @LegalWeekEventsInte rnationa#PrivateClientForuml www.privateclient-forum.comPrivate Client Forum @LegalWeekEvents #PrivateClientForum International Welcome Speakers Private Client Legal Week’s International Private Client Sessions include: Keynote Speaker Forum Forum brings together the world’s • The Age of Extreme Politics Rt. Hon Lord Campbell of Pittenweem (Menzies Campbell) senior private client advisers. • Managing client affairs in the most volatile countries Speakers Alec Anderson, Conyers Dill & Pearman, Bermuda Taking place on 10-12 November 2016 • Estate planning at the extremes Mark Barmes, Lenz & Staehelin, Switzerland at the legendary Villa d’Este on the • Offshore firewall legislation Alan Binnington, RBC Wealth Management, Jersey shores of Lake Como in northern Italy, • Planning for life after death: the laws Javier Canosa, Canosa Abogados, Argentina the 2016 edition reunites co-chairs Basil of succession vs new biology Frédérique Carrier, RBC Wealth Management, UK & Canada Zirinis of Sullivan & Cromwell (UK & • Communicating the unpopular truth Henry Christensen, McDermott Will & Emery, USA USA), and Rupert Ticehurst of Berwin Rod Christie-Miller, Schillings, UK Rhiannon Van Ross Leighton Paisner (UK). We look forward to seeing you in Co-chairman: Jon Conder, Macfarlanes, UK International Event November. Basil Zirinis Richard Corrigan, Jersey Finance, Jersey Director, ALM We are extremely proud to welcome Sullivan & Cromwell, Ray Davern, Maples and Calder, UK back RBC Wealth Management as UK and USA Andrew De La Rosa, ICT Chambers, Cayman Islands & London principal sponsor. Together with our Jim Edmondson, Mourant Ozannes, UK chairmen, speakers and advisory board Paddy Harverson, Milltown Partners, UK we have developed a conference Richard J Hay, Stikeman Elliott, UK programme focused on “Wealth in the Paul Hodgson, Butterfield Trust, Guernsey Age of Extremism,” from a broad range Lester Huang, P.C. Woo & Co. Hong Kong of perspectives including legal, geo- Jeremy Kosky, Clifford Chance, UK political and moral. Peter Leach, Deloitte, UK Clare Maurice, Maurice Turnor Gardner, UK Morven McMillan, Maples and Calder, Cayman Islands Stella Mitchell-Voisin, Summit Trust International, Switzerland Sarah Montague, Journalist, BBC Radio 4 Co-chairman: Philippe Pulfer, Walder Wyss, Switzerland Rupert Ticehurst Beatrice Puoti, Burges Salmon, UK Berwin Leighton Paisner, Monty Raphael QC, Peters & Peters, UK UK John Riches, Withers Worldwide, UK Andreas Richter, P+P Pöllath + Partners, Germany Jay Rosenbaum, Nixon Peabody, USA Joshua Rubenstein, Katten Muchin Rosenman, USA Alexandra Sharpe, Deloitte, UK Steve Sokic´, Sanne Group, Jersey Jonathan Speck, Mourant Ozannes, Jersey Shân Warnock-Smith QC, ICT Chambers, Cayman Islands & 5 Stone Buildings, UK Julian Washington, RBC Wealth Management, UK Simon Weil, Bircham Dyson Bell, UK Tina Wüstemann, partner, Bär & Karrer, Switzerland www.privateclient-forum.comInternational Private Client Forum @LegalWeekEvents #PrivateClientForum International Day one: Thursday 10 November 2016 Private Client 12.00 WELCOME LUNCH 16.40 Breakout discussions Forum 13.00 Welcome from RBC Wealth Management Our breakout sessions give delegates the chance to examine in greater detail topics of specific interest in a roundtable discussion setting. 13.10 Welcome comments from the chairmen A) Offshore firewall legislation B) Planning for life after death: C) See no evil, hear no evil, speak Basil Zirinis, Sullivan & Cromwell, UK & USA the laws of succession vs new no evil Rupert Ticehurst, Berwin Leighton Paisner, UK ‘Firewall’ provisions are now found in the trust laws of many offshore biology If taken to its logical conclusion, 13.20 Wealth in the Age of Extremism jurisdictions where significant This session will examine the ability the less seen, heard or asked by a Frédérique Carrier, RBC Wealth Management, UK & Canada trust business is conducted. A to control burial and the disposition trustee about private businesses number of offshore centres have of body parts, the posthumous use held in trust, the less exposure 13.50 The Age of Extreme Politics recently updated their legislation of genetic material, inheritance to liability if all is not well. This An interview with The Rt Hon. the Lord Campbell of Pittenweem CH CBE QC to prevent or reduce the impact by posthumously procreated session will look at the various 14.35 Managing client affairs in the most volatile countries of foreign laws and judgments on individuals, and exhumation for ways in which trust draftsmen those who choose to place assets the purpose of genetic testing. It have sought to protect trustees How can we guide wealthy individuals on what to do when unstable or corrupt governments or even criminal groups in offshore structures. The group will also offer practical suggestions from their Bartlett obligations start to receive detailed information about their financial affairs? Our panellists will offer advice on how wealth can be will discuss whether the current concerning what can be done now and whether extreme wording extracted from these volatile jurisdictions and offer practical guidance on destinations. firewall legislation can stand up to that medical science permits the is capable of judicial scrutiny or Moderator: Jim Edmondson, Mourant Ozannes, UK the current challenges by forced class of children not to be closed by challenge. The speakers will also Javier Canosa, Canosa Abogados, Argentina heirs and those claiming against the one’s death. consider the possible options Stella Mitchell-Voisin, Summit Trust International, Switzerland trust assets by reason of a personal Joshua Rubenstein, Katten Muchin available to trustees when seeking Dr. William M.F. Wong, S.C, Des Voeux Chambers, Hong Kong relationship with the settlor. Rosenman, USA information from a reluctant 15.25 COFFEE BREAK Speakers to be confirmed Simon Weil, Bircham Dyson Bell, UK beneficiary working in the relevant business. 15.50 Estate planning at the extremes Andrew De La Rosa, ICT Chambers, This panel will examine how well traditional estate planning techniques and structures work in extreme cases. When Cayman Islands & London we deal, for example, with ultra-high net worth families or clients with truly dynastic ambition or clients facing severe Paul Hodgson, managing director, levels of risk, how well do our familiar structuring tools and techniques measure up to the task? Butterfield Trust, Guernsey Moderator: Julian Washington, RBC Wealth Management, UK Jeremy Kosky, Clifford Chance, UK Jon Conder, Macfarlanes, UK 17.40 Close of day one sessions Lester Huang, P.C. Woo & Co.Hong Kong Philippe Pulfer, Walder Wyss, Switzerland 19. 30 WELCOME DRINKS RECEPTION 20.00 DINNER AT VILLA D’ESTE www.privateclient-forum.comInternational Private Client Forum @LegalWeekEvents #PrivateClientForum International Day two: Friday 11 November 2016 Private Client 08.45 Welcome comments from the chair 11.45 Rapidly developing jurisdictions Forum Rupert Ticehurst, Berwin Leighton Paisner, UK This session will look at rapidly developing jurisdictions resulting (at least in part) from the forces of change that have been discussed over the course of the programme. Our panellists will address two sides of the equation. First--which 08.50 Communicating the unpopular truth parts of the world will utilise global wealth structuring less and which more? Second--which jurisdictions will be Information held by a bank or law firm is “leaked”. It reveals the use of tax or financial planning structures. In the mix able to survive such forces and prosper by meeting such demand? are legitimate, disclosed and taxed structures and illegitimate, undisclosed and untaxed structures. To journalists Moderator: Steve Sokic´, Sanne Group, Jersey investigating the event the distinction is irrelevant. Any attempt to explain the distinction is met by doubt and disbelief. How can we operate in this environment? Clare Maurice, Maurice Turnor Gardner, UK Jonathan Speck, Mourant Ozannes, Jersey Interviewee: Richard Corrigan, Jersey Finance, Jersey Interviewee: Richard J Hay, Stikeman Elliott, UK 12.30 Breakout discussions Our break-out sessions give delegates the chance to examine in greater detail topics of Interviewer: Sarah Montague, BBC Radio 4, UK specific interest in a roundtable discussion setting. Communications Adviser: Paddy Harverson, Milltown Partners, UK (A) International case round-up (B) Is the trust dead? C) Communicating the unpopular 09.50 The Myth of Comity In this session, our presenters Wealth is increasing, but the number truth.. part two This session will look at a variety of contexts in which the courts are asked to make decisions that involve will lead delegates through their of trusts is decreasing. Underlining Following on from the mornings competing jurisdictions: enforcement of tax judgments, disclosure of information, forum non conveniens, round-up of the previous year's most this trend is a movement towards session, this rountable discussion will exclusive jurisdiction clauses. Is there a discernible trend? Are judges becoming more favourably disposed interesting trusts and estates cases larger and more complex trust focus on communication strategies towards jurisdictions other than their own? Or (to put it