Agenda

Friday 14 September 2018

16:15

Summary & closing address

George Hodgson, Chief Executive, STEP Worldwide Margaret O'Sullivan TEP, Chair of Programme Panel, Canada
13:15

Lunch

Kindly sponsored by Pictet North America Advisors S.A.

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Conference Chairs

Morning Chair: Tony Pitcher TEP, Programme Panel Member, Jersey C.I. Afternoon Chair: Megan Worrell TEP, Programme Panel Member, USA
09:30

Keynote address 4: Countering cross-border financial crime: how well does the system work and how could it work better?

Prof. Jason Sharman, University of Cambridge, UK
  • 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?
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14:45

Main stage session 9: 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?

Chair: Joshua Rubenstein TEP, Katten Muchin Rosenman LLP, USA Bernadette Carey TEP, Conyers Dill & Pearman, Cayman Islands Michelle Wolfe, Meritus Trust Company Limited, Bermuda

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

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15:30

Main stage session 10: Debate: This house believes that freedom of testamentary disposition is better than forced heirship

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
  • 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.
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09:00

Main stage session 5: True family wealth: rethinking money, success and succession

Chris Clarke TEP, First Affiliated Family Office Group Ltd., Canada
  • 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.
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10:00

Main Stage Session 6: The ethics of avoidance or the avoidance of ethics?

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

•  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.

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11:30

Main Stage Session 7: Advisors in the cross hairs – where are we headed?

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

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?

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14:15

Main stage session 8: EU tax blacklist: model for global tax coordination?

Richard Hay TEP, Stikeman Elliott (London) LLP, UK
  • 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?
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12:15

Option 4: Conflict of laws: a primer and update on key changes in private international law

Richard Frimston TEP, Russell-Cooke LLP, UK Anneke Vrenegoor TEP, Vrenegoor Estate Planning, Netherlands

• Domicile, nationality and habitual residence in a complex world
• Personal law for patchwork families: adoption, surrogacy and presumption of death
• EU regulations on succession and matrimonial property
• Capacity issues – Uniform Codes and Hague 35

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12:15

Option 2: Cross-border trusts: trusts in the conflict of laws

David Brownbill QC TEP, XXIV Old Buildings, UK Michael McAuley, Independent adviser, Canada
  • Jurisdiction and choice of court
  • Changing the governing law
  • Firewalls: mandatory and exclusionary choice of law
    Kindly sponsored by Rawlinson & Hunter
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12:15

Option 1: Wealth planning in times of political turmoil: recent experiences and strategies

Chair: Salpy Kouyoumjian, Boodle Hatfield, UK Ronald Evans, Baker & McKenzie , Venezuela Hugo van Zyl TEP, FNB Fiduciary Advice, South Africa
  • 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
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12:15

Option 3: Asset protection planning – comparative strategies and jurisdictional survey

Marcus Parker, Genesis Trust, Cayman Islands Gideon Rothschild TEP, Moses & Singer LLP, USA

• 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.

 

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08:55

Welcome from Chair

Tony Pitcher TEP, Programme Panel Member, Jersey C.I.
16:20

Close

11:00

Networking and refreshments

08:10

Briefing in association with Pictet North America Advisors S.A. - The Dangerous Allure of ETFs and Passive Management: New Developments in Finance

08:00

Welcome refreshments

Exhibits open
08.10

Briefing in association with Jersey Finance - Brexit: Wrecking Ball or Renaissance - What will the impact be on private wealth?

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

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.

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12:15

Day 2: Specialist stream sessions

The Sponsors

Abu Dhabi GLobal Market BDA The Bryn Mawr Trust Company of Delaware Enhance Henley & Partners Hull & Hull LLP International Wealth Tax Advisors Jersey Finance Legacy Tax and Trust Lawyers LOM Offshore Financial Services Ministry of Financial Services Pictet The Marshall Islands Corporate Registry Rawlinson & Hunter Thorsteinssons Touchstone Wealth System Experts WSFS Wealth Christiana Trust