Agenda page

Morning Chair: Margaret O'Sullivan TEP, Chair of Programme Panel , Canada Afternoon Chair: Rod Luker TEP, Programme Panel Member, Australia
Venue

2018 Day One

Welcome from STEP Worldwide 08:50 Patricia Wass TEP, Chair of STEP Worldwide lt_blue Registration and refreshments 08:00 Exhibits open Day 1: Specialist stream sessions 14.10 orange Day One Closing Address 17:30 Chair's welcome 08:40 Margaret O'Sullivan TEP, Chair of Programme Panel, Canada lt_blue Lunch 12:45

Kindly sponsored by Jersey Finance 

Keynote address 1: Change has changed 09:00
  • Learn how to survive and thrive in constant transition
  • Collect practical tools to get you and your team back into the productivity zone
  • Reflect on the importance of resilience and learn strategies to keep your batteries charged
Dr Liane Davey, Author of ‘You first: Inspire your team to grow up, get along, and get stuff done’, Canada blue
Keynote address 2: Towards a UN convention on the rights of older persons 11:00

Older persons remain the only group in society without their own dedicated international human rights framework. In this important  keynote address, eminent human rights lawyer Bill Mitchell, who has been extensively involved in the Convention process will:

  • Provide a historical and geopolitical overview of the Convention debate
  • Predict the likely form and content of a future Convention
  • Forecast key impacts on family inheritance and estate planning laws and systems and on trust and estate practitioners
Bill Mitchell, Townsville Community Legal Service, Australia blue
Keynote panel session 3: Global leaders forum on future directions 16:30
  • The importance around the philosophy of wealth and its timeous discussion/communication with the next generation
  • Trusts of the future: and
  • The impact of transparency on the future of international wealth planning and preservation
Leanne Kaufman TEP, RBC Estate and Trust Services, Canada Mark McMullen, Stonehage Fleming, Switzerland Ivan Sacks TEP, Withersworldwide, USA Desmond Teo, EY, Singapore blue
Main stage session 1: Serving the new global clientele: tools for 21st century advisors in a fast-changing environment 09:30

Clients are becoming increasingly global, multicultural, cross-jurisdictional, and diverse, especially high-net-worth non Western clients. Family wealth consultants Dennis Jaffe and James Grubman will provide insights on the following:

  • Why modern trends indicate global cultures are naturally converging
  • How to assess your client relationships along such dimensions as communication style, trust-building, and level of transparency about private matters
  • How to build your skills as a culturally intelligent advisor to prosper with a broad range of clients and client issues
Dr James Grubman TEP, Family Wealth Consulting, USA Dennis T Jaffe TEP, Wise Counsel Research, USA red
Main stage session 2: Decision-making models in the 21st century 11:45

• What does Article 12 of the 2006 UN Convention on the Rights of Persons with Disabilities mean for substitute decision making?
• How are jurisdictions modernising their laws to reflect the principles of Article 12 and the right to recognition before the law?
• What are the experiences to date? What are the challenges in practice?

Chair: Kathleen Cunningham TEP, BC Law Institute, Canada Darryl Browne TEP, BROWNE. Linkenbagh Legal Services, Australia Patricia T Rickard-Clarke, Solicitor, Ireland red
Main stage session 3: The future of practice: what lies ahead? 15:45
  • Technology – changes in technology and problems and opportunities it creates
  • Globalization – interacting with clients who live abroad or have international business and investment interests 
  • Cooperation – the growing need for professionals to understand areas of risk and to have a network of experts to draw upon
Ross Belhomme TEP, LJ Partnership, Switzerland Justin K. Hoffman TEP, Davis Martindale LLP, Canada Adèle Perrot TEP, Butterfield Trust (Guernsey) Limited, Guernsey C.I. Jo-Anne Stephens TEP, Walkers, Cayman Islands red
Option 1: Multi-parent families and reproductive technology: changing legal norms and terms: what the trusts and estates practitioner needs to know 14:10

Imagine meeting with a client after the sudden death of her husband. The couple was actively attempting to start a family prior to the untimely death. Your client declares that several years before, both of them had ‘banked’ their DNA and reproductive materials and she intends to use her husband’s materials to have the child they had always dreamed of. This session will introduce participants to this interesting and timely topic at the intersection of medical science, and legislative and societal change, and will look at:
• What do you need to consider in order to advise on this?
• How does this vary from one jurisdiction to another?

Daniel D Morris TEP, Morris + D'Angelo, USA orange
Option 2: Electronic wills and powers of attorney 14:10

• A discussion about the Florida experience; the veto of The Electronic Wills Act
• The current legislative and common-law availability of (and current proposals for) electronic wills and powers of attorney in the rest of the world, including those jurisdictions that provide dispensing powers
• The problems that are involved in any adoption of electronic wills and powers of attorney and possible solutions
Kindly sponsored by The Ministry of Financial Services Bahamas, Trade & Industry, and Immigration

Peter J M Lown QC, Peter J M Lown Prof. Corp.,Canada Shelley Rhoads Perry TEP, Lasting Links Solutions, USA Leigh Sagar TEP, New Square Chambers, UK orange
Option 3: Moving a family business through the generations: the impact of the younger generation on the business model 14:10
  • How do the younger generation perceive their seniors?
  • How do they persuade their seniors to plan effectively for them and their issue?
  • What criteria should the senior generation impose on the younger generation to train for the family business?
  • How do the younger generation make an impact in the family business environment?
    Kindly sponsored by Jersey Finance 
Nicholas Jacob TEP, Forsters LLP, UK orange
Option 4: Innovations in philanthropy: new approaches to attaining sustainable societal impact 14:10

The panel will explore the connections between philanthropy and responsible investment and new approaches to have attain impact and outcome focused actions. It will review the role of philanthropy and the private sector in achieving sustainability and inclusion and how STEP membership can play a role in helping clients to achieve these objectives.

  • Exploring the connections between philanthropy and responsible investment and new approaches to achieve
    high impact and outcome focused actions
  • Discussing the role of philanthropy and the private sector in achieving sustainability and inclusion
  • Examining the boundaries between traditional investment and impact investing - where are we now and where can we
    expect to go?
Veronica Colondam, YCAB Foundation/Asian Venture Philanthropy Network, Indonesia Lorraine Grace, Close Brothers Asset Management/My World Project charity, UK Gina M. Pereira TEP, Dāna Philanthropy, Bermuda/USA orange
Networking and refreshments 10:30 Networking and refreshments 15:15 Reception and Dinner 19:00 Kindly supported by Bermuda Business Development Agency The Pipe Shop, 115 Victory Ship Way, North Vancouver, BC V7L 0B2 social Conference Chairs Morning Chair: Margaret O'Sullivan TEP, Chair of Programme Panel , Canada Afternoon Chair: Rod Luker TEP, Programme Panel Member, Australia lt_blue

2018 Day Two

Summary & closing address 16:15 George Hodgson, Chief Executive, STEP Worldwide Margaret O'Sullivan TEP, Chair of Programme Panel, Canada Lunch 13:15

Kindly sponsored by Pictet North America Advisors S.A.

Keynote address 4: Countering cross-border financial crime: how well does the system work and how could it work better? 09:30
  • Why has the existing system of global rules designed to counter corruption and other cross-border financial crimes seemed to have had such limited effectiveness?
  • What is the relative role of state and non-state actors in improving the effectiveness of this system?
  • What are the likely effects of recent changes in beneficial ownership regulations?
Prof. Jason Sharman, University of Cambridge, UK blue
Main stage session 4: True family wealth: rethinking money, success and succession 09:00
  • What is true family wealth (TFW) and how will this perception of wealth change our profession?
  • How can TFW be transferred from one generation to the next successfully without damaging vital family relationships, or putting the legacy we leave at risk?
  • Leveraging TFW to help our family members thrive and prosper.
Chris Clarke TEP, First Affiliated Family Office Group Ltd., Canada red
Main Stage Session 5: The ethics of avoidance or the avoidance of ethics? 10:00

•  What has led to tax transparency and the current labyrinth of reporting and registration requirements?
•  What can we and our clients look forward to in the months, years and decades to come?
•  If tax transparency is a good thing for our clients, our profession and our society, how can we help smooth the way to where
   we need to be in developing fair tax systems that respect the human right to privacy?

•  Is the US the new culprit, replacing the Swiss? Or is the US the new hero, helping the Swiss who have led the charge for so many years?
•  The role of STEP in helping to bring sense to the world of taxation, compliance and understanding between taxpayers, governments and other stakeholders.

Chair: Philip Marcovici TEP, Offices of Philip Marcovici, Hong Kong Heather Evans TEP, Canadian Tax Foundation Toronto, Canada Filippo Noseda TEP, Mishcon de Reya, UK Bruce Zagaris TEP, Berliner Corcoran & Rowe LLP, USA red
Main Stage Session 6: Advisors in the cross hairs – where are we headed? 11:30

Transparency, privacy and the erosion of legal privelege:
• The EU/OECD proposals – all sound, or some fury? Are they enforceable outside the EU?
• Is silence really golden – should advisors and their clients play the public PR game?
• Are there legal rules or roadblocks in our jurisdictions to protect our clients?

Chair: Robin MacKnight TEP, Wilson Vukelich LLP, Canada Stephanie Auferil, ARKWOOD Law Firm Paris, France John Barnett TEP, Burges Salmon LLP, UK Ana Claudia Utumi TEP, Utumi Advogados, Brazil red
Main stage session 7: EU tax blacklist: model for global tax coordination? 14:15
  • Setting standards: power, politics and principles
  • Towards a level playing field, part 2
  • Inter-agency battle for dominance: IFCs caught in the crossfire
  • Global tax coordination: coming to you soon?
Richard Hay TEP, Stikeman Elliott (London) LLP, UK red
Main stage session 8: A matter of trust: has the profession contributed to bringing trusts into disrepute by pushing the envelope for the traditional requirements and limitations for a trust? 14:45

Our panel will explore some of the more controversial developments in the evolution of trusts, including:
• Retained actual or de facto control by the grantor
• Restrictions on the authority of trustees
• Limitations on the rights of beneficiaries

Joshua Rubenstein TEP, Katten Muchin Rosenman LLP, USA red
Main stage session 9: Debate: This house believes that freedom of testamentary disposition is better than forced heirship 15:30
  • This debate will investigate whether the jurisdictions which permit freedom of testamentary disposition have a better system than the jurisdictions which have state-imposed dispositions on death.
  • The proposers of the motion will argue that freedom of testamentary disposition is best, and why it is best;  the opponents to the motion will argue that
    state-imposed disposition is best, and why it is best.
  • The Chair will then open the debate to the floor.
  • Each side will sum up and a vote will then be taken.
Chair: Marilyn Piccini Roy TEP, Robinson Sheppard Shapiro LLP, Canada Proposing the Motion: Joshua Rubenstein TEP, Katten Muchin Rosenman LLP, USA, Elspeth Talbot Rice QC, XXIV Old Buildings, UK Opposing the Motion: Dr Nicolas Malumian TEP, Malumian & Asoc., Argentina Jean-Marc Tirard TEP, Tirard, Naudin, France red
Option 1: Wealth planning in times of political turmoil: recent experiences and strategies 12:15
  • New developments in political and other risk mitigation strategies for high net-worth families
  • Pre-emptive personal security planning and risk management in an era of transparency
  • 2018: the word’s high-risk hotspots
Chair: Salpy Kouyoumjian, Boodle Hatfield, UK Maria Eugenia Salazar Furiati, Baker & McKenzie, Venezuela Peter A. Wong TEP, Borden Ladner Gervais LLP, Canada orange
Option 3: Asset protection planning – comparative strategies and jurisdictional survey 12:15

• Use of self-settled trusts and foundations
• Jurisdictional comparisons – US vs offshore centres
• Challenges to asset protection trusts
• Third-party trusts
Kindly sponsored by Pictet North America Advisors S.A.

 

Marcus Parker, Genesis Trust, Cayman Islands Gideon Rothschild TEP, Moses & Singer LLP, USA orange
Option 4: Conflict of laws: a primer and update on key changes in private international law 12:15

• Conflict of laws and the governing law of trusts
• Cross-border succession and the EU succession regulation
• Forced heirship, France, and the US: from Maurice Jarre to Johnny Hallyday
• Transparency, privacy, and private international law

Paolo Panico TEP, Private Trustees SA, Luxembourg orange
Option 2: Cross-border trusts: trusts in the conflict of laws 12:15
  • Jurisdiction and choice of court
  • Changing the governing law
  • Firewalls: mandatory and exclusionary choice of law
    Kindly sponsored by Rawlinson & Hunter
David Brownbill QC TEP, XXIV Old Buildings, UK Michael McAuley, Independent adviser, Canada orange
Networking and refreshments 11:00 Welcome from Chair 08:55 Tony Pitcher TEP, Programme Panel Member, Jersey C.I. lt_blue Close 16:20 Briefing in association with Pictet North America Advisors S.A. - The Dangerous Allure of ETFs and Passive Management 08:10

The trend towards passive investment styles and indexation in form of ETFs changes the way investors allocate capital. Index tracking acts more like antibiotics, valuable when deployed in moderation but likely to do more harm than good should it become widespread. If passive equity funds continue their current growth trajectory they could own all listed stocks by 2030. What would this do to the free market economy? What would be the impact on cost of equity and the price of credit? How will this affect corporate governance and the competitive landscape? A view from an independent asset manager.

Nicolas Caron, Pictet North America Advisors S.A., Switzerland lt_blue
Welcome refreshments 08:00 Exhibits open Day 2: Specialist stream sessions 12:15 orange Conference Chairs Morning Chair: Tony Pitcher TEP, Programme Panel Member, Jersey C.I. Afternoon Chair: Megan Worrell TEP, Programme Panel Member, USA lt_blue Briefing in association with Jersey Finance - Brexit: Wrecking Ball or Renaissance - What will the impact be on private wealth? 08:10

Trusts are under attack, privacy is under siege, EU extra territorial regulation continues to advance - What will all this mean for the wealthy and their advisors? To hear our world class panel discuss this and to learn more about the vital work we are doing to make the case for private wealth, don't miss this conference extra.

Geoff Cook TEP, Jersey Finance Ltd, Jersey C.I. Richard Hay TEP, Stikeman Elliott (London) LLP, UK David Russell QC TEP, Outer Temple Chambers, UAE Prof. Jason Sharman, University of Cambridge, UK lt_blue

2018 Welcome

Welcome drinks

Vancouver Rowing Club, 450 Stanley Park Drive, Vancouver, BC V6G 3E2

Kindly supported by IRL/The Marshall Islands Registry social

Day One

Registration and refreshments 08:15

Exhibits open 

Special Interest Group Sessions 11:0000 Introduction from Chair of STEP Worldwide 09:00 Special Interest Group Sessions 13:45 Professional Development policy and issues 17:30 18:15

Any issue around STEP formal education for students and members is on the table for discussion. For further information on the current professional development system please click here. There is no need to register for this session. 

An opportunity to bring your views and issues to a facilitated forum with senior members of the STEP Professional Development Committee and senior staff. STEP 2021 17:30 18:15

The STEP Business Plan, “STEP 2021”, can be found here.
What are the issues and how and when will it be applied in your jurisdiction?
There is no need to register for this session.

A briefing and question-and-answer session on the new STEP business plan, “STEP 2021”.

Day Two

Registration and refreshments 08:00

Exhibits open 

Farewell beach party 18:00

Kick off your shoes, unwind and get ready for an evening of great food and flowing drinks. This is a relaxed evening with a casual dress code. (Ladies are advised to wear flat shoes) 

Special Interest Group Sessions 11:3000 Business Families – the business model 13:3000 14:15

There will also be a discussion about the global expansion of the group and the future professional development offer for TEP’s and students interacting with family business, business families and family office.

Committee members of the business families SIG will case study how their participation has built value in their businesses and could build value in yours. Please note, this meeting has been scheduled to allow you to have lunch with the Congress delegation prior to the session starting
Contentious Trusts & Estates SIG meeting 13:3002 14:15

A meeting to discuss the future of this SIG and a general brainstorming session. Existing members of the SIG will be able to feed into discussions and consider its current objectives. A review over the past 12 months will also be held as will a small presentation launching the Discussion Forum. The possibilities of establishing local branches will also be considered. Please note, this meeting has been scheduled to allow you to have lunch with the Congress delegation prior to the session starting. There is no need to register for this session.

Mental Capacity, Cross Border Estates & Philanthropy SIGs strategy meeting 13:3003 14:15

Meet the leaders of these SIGs and find out how you can get involved and what the business benefits to you would be. Please note this meeting has been scheduled to allow you to have lunch with the Congress delegation prior to the session starting. There is no need to register for this session.

Nexus Youth Summit 13:3004 14:15

Nexus is a global movement of 2000+ young people from over 70 countries working to increase and improve philanthropy and impact investing by bridging communities of wealth and social entrepreneurship. Come along to find out more. Please note, this meeting has been scheduled to allow you to have lunch with the Congress delegation prior to the session starting. There is no need to register for this session.

Pre-Congress

STEP Worldwide Council 09:30 15:30

Deliberations on the global transparency agenda and professional standards. This meetings is by invitation only

Annual General Meeting 15:30 15:45

Including the announcement of Founder’s Award winners. This meeting is open to all STEP members and students. There is no need to register.

USA Regional Meeting 13:30 15:15

This meeting is invitation only, attendees will be contacted directly

Canadian Regional Meeting 10:00 15:00

This meeting is invitation only, attendees will be contacted directly.

Please note: this meeting will not be held at the Mandarin Oriental Hotel.

Caribbean & LatAm Regional Meeting 16:0002 18:00

This meeting is invitation only, attendees will be contacted directly

Social

Welcome Drinks and Canapés 18:30 20:30

Marquee on lawns of Mandarin Oriental

Farewell beach party 18:00

Kick off your shoes, unwind and get ready for an evening of great food and flowing drinks. This is a relaxed evening with a casual dress code. (Ladies are advised to wear flat shoes) 

Wednesday 5 November 2014

Conference registration - hospitality desk opens 14:00 The hospitality desk will open at 2.00pm on Wednesday 5 November, in the foyer of the main ballroom, for those that wish to register earlier or need help and information.

The Sponsors

Jersey Finance Pictet North America Advisors S.A. Rawlinson & Hunter Ministry of Financial Services - Commonwealth of the Bahamas IRI-The Marshall Islands Registry Bermuda Business Development Agency Abu Dhabi Global Market Bryn Mawr Trust Company of Delaware International Wealth Tax Advisors LOM Financial Miller Thomson LLP Touchstone WSFS Wealth - Christiana Trust Enhance Group Henley & Partners Invest Barbados Boslil Bank Limited Hull & Hull LLP Legacy Tax + Trust Lawyers Thorsteinssons LLP