Wealth Talks

[Governance & Succession 4/6] Philippines and Japan

The Governance & Succession Series of talks is designed to bring together industry experts to explore the challenges and opportunities faced by business families when considering governance and succession to the family business.
The emergence of the Single Family Office is also explored, along with the need for families as well as business professionals to understand the need for robust family office governance and succession plans.
In this podcast, we shall explore the extent of the governance and succession challenges faced by business families based in the Philippines and Japan (respectively), typical governance and succession structures and solutions will be discussed.
We shall specifically consider whether and to what extent internationally held structures and solutions may be capable of use in a domestic governance setting, as well as mention of relevant capital and foreign ownership restrictions and controls.
Demand for family offices solutions will then be assessed and discussed, with specific reference to the Singapore Single Family Office.
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Webinar audio recording dated 9 Sep 2020. See Disclaimer, Copyright and Trademarks at https://www.zaclucas.com/disclaimer 

[Governance & Succession 3/6] India and Indonesia

The Governance & Succession Series of talks is designed to bring together industry experts to explore the challenges and opportunities faced by business families when considering governance and succession to the family business.
The emergence of the Single Family Office is also explored, along with the need for families as well as business professionals to understand the need for robust family office governance and succession plans.
In this podcast we shall explore the extent of the governance and succession challenges faced by business families based in India and Indonesia (respectively), typical governance and succession structures and solutions will be discussed.
We shall specifically consider whether and to what extent internationally held structures and solutions may be capable of use in a domestic governance setting, as well as mention of relevant capital and foreign ownership restrictions and controls.
Demand for family offices solutions will then be assessed and discussed, with specific reference to the Singapore Single Family Office. The use of a Singapore Single Family Office will be specifically assessed in light of domestic regulations and controls.
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Webinar audio recording dated 2 Sep 2020. See Disclaimer, Copyright and Trademarks at https://www.zaclucas.com/disclaimer 

[Governance & Succession 2/6] Solving the Problem

The Governance & Succession Series of talks is designed to bring together industry experts to explore the challenges and opportunities faced by business families when considering governance and succession to the family business.
The emergence of the Single Family Office is also explored, along with the need for families as well as business professionals to understand the need for robust family office governance and succession plans.
In this podcast, we shall consider the consequences of not creating a comprehensive corporate governance plan, and the various legal remedies allowed under Singapore law in the event a family shareholder dispute.
We shall then consider the principal options open to families that wish to explore formal governance planning, including a critical assessment of the uses of shareholder agreements, share class rights as well as trust and fiduciary solutions, and shall end with consideration of appropriate use of family charters.
The tax implications of governance and succession planning will be explore both from the perspective of a domestic Singapore business family as well as a foreign family with Singapore holding or trading entities.
Webinar audio recording dated 27 Aug 2020. See Disclaimer, Copyright and Trademarks at https://www.zaclucas.com/disclaimer 

[Governance & Succession 1/6] Setting the Scene

The Governance & Succession Series of talks is designed to bring together industry experts to explore the challenges and opportunities faced by business families when considering governance and succession to the family business.
The emergence of the Single Family Office is also explored, along with the need for families as well as business professionals to understand the need for robust family office governance and succession plans.
In this podcast, we shall explore the extent of the governance and succession challenges faced by Singapore and regional business families, and the emergence of the Singapore Single Family Office.
We shall consider in detail the differences between a succession and a governance plan, the key areas of risk that families will face as they undergo unprecedented generational change and what’s at stake, not only for the families but also the financial, legal and accounting professionals advising the families.
Necessary remedial steps will be introduced, including the need for sound and robust education, particularly so that financial professionals are better equipped to the advice families
Webinar audio recording dated 26 Aug 2020. See Disclaimer, Copyright and Trademarks at https://www.zaclucas.com/disclaimer 
 

India Private Client Virtual Round Table

IIn this episode, we shall consider the application of India divorce, succession and matrimonial property laws both within India and also where there is an International cross border element. We shall also consider the equivalent position of an NRI with assets in India, UAE, UK as well as the US.
Two unique case studies will be considered:
Domestic Case Study 
This case study relates to a domestic Indian citizen, resident domiciliary HNWI and will consider the interaction of India divorce, succession and matrimonial property laws both to assets situated in India as well as assets held in the UAE, UK and the US. Assets held personally or via a trust will also be taken into consideration. Application of jurisdictional tax, as well as tax and financial account reporting laws, will also be considered including CRS and FATCA Reporting.
Foreign Case Study
This case study relates to a US resident Indian citizen and will consider the interaction of California divorce, succession and matrimonial community property laws both to assets situated in California as well as assets held in the UAE, UK and India. Assets held personally or via a foreign trust will also be taken into account.
Webinar audio recording dated 20 May 2020. See Disclaimer, Copyright and Trademarks at https://www.zaclucas.com/disclaimer 

Malaysia Private Client Virtual Round Table

In this episode, we shall consider the application of Malaysia divorce, succession and matrimonial property laws both within Malaysia and also where there is an international element.
Two case studies will be considered:
Domestic Case Study
This case study will consider the application of Malaysia divorce, succession and matrimonial laws to assets held in Malaysia as well as foreign assets held in the BVI, Singapore and UK.Interaction of domestic divorce and succession related claims involving a Labuan trust will also be explored. Popular investment migration programs offered in Australia and UK will also be discussed.
Foreign Case Study
This case study will consider emigration from Hong Kong to Malaysia, and the requirements to establish a trading presence in Labuan. Application of Malaysia divorce, succession and matrimonial property laws will also be considered, both in relation to domestic assets as well as assets and property located in Hong Kong and Singapore. The status of trusts established in Singapore and Hong Kong will also be specifically examined.
Webinar audio recording dated 18 Aug 2020. See Disclaimer, Copyright and Trademarks at https://www.zaclucas.com/disclaimer 

Thailand Private Client Virtual Round Table

In this episode, we shall consider the interaction between Thai matrimonial, divorce, succession and tax laws where there is a foreign connection, either through foreign property ownership, a foreign property holding structure such as a trust, or as a result of immigration to Thailand, where non-Thai assets continue to be held.
Two unique case studies will be considered:
Domestic Case Study
This case study will consider the application of domestic Thai matrimonial, divorce, succession and tax laws where a Thai resident, domiciled, citizen holds property in the UK and Singapore, and related tax and regulatory considerations where foreign assets are transferred into a trust.
Foreign Case Study
This case study will illustrate interaction of Thai and Japanese matrimonial, divorce, succession and tax laws in the case of a Japanese family emigrating to Thailand. The case study will explain the requirements of the Thai Elite Immigration Program. Japanese tax and succession planning options will also be explored illustrated by the creation of a family trust in Singapore.
We are grateful to be joined by:
Joe Teng, Managing Director, Amicorp Global
Chinapat Visuttipat, Partner, One Law Office
Atsushi Oishi, Partner, Mori Hamada & Matsumoto
Zac Lucas, Partner, McCarthy Denning
Andrew Raming, Senior Manager, Henley & Partners
Webinar audio recording dated 1 July 2020. See Disclaimer, Copyright and Trademarks at https://www.zaclucas.com/disclaimer 

China Private Client Virtual Round Table

In this episode, we shall consider the application of China divorce, succession and community property laws both within China and also where there is an international element.
Three unique case studies will be considered:
Case Study No. 1
This case study will consider the application of China divorce, succession and matrimonial community property laws to assets held in China as well as foreign assets held in the US and via a trust in Hong Kong. China forced heir rights will be considered as well as potential "clawback" claims against trustees of foreign trusts. Application of China community property laws to foreign assets as well as foreign trusts will also be considered.
Case Study No. 2
This case study will consider the application of US divorce, succession and matrimonial community property laws to assets and property held in the US, China and via various trusts established in Hong Kong and Singapore. Potential US court orders varying the terms of foreign trusts will be considered, as well as the application of US community property law to foreign assets and trusts.
Case Study No. 3
This case study will explore the practical process and procedure by which a Chinese family may obtain residence and/or citizenship in the EU as well as potential long term succession and community property law implications.
We are grateful to be joined by:
Lefan Gong, Senior Partner, Zhong Lun
Michael Shue, Managing Director, Tricor Trust
Zac Lucas, Partner, McCarthy Denning
John Shoemaker, Registered Foreign Lawyer, Butler Snow
Jennifer Lai, Head of North Asia, Henley & Partners
Webinar audio recording dated 3 Jun 2020. See Disclaimer, Copyright and Trademarks at https://www.zaclucas.com/disclaimer 

Indonesia Private Client Virtual Round Table

In this episode, we shall consider the application of Indonesia divorce, succession and community property laws both within Indonesia and also where there is a foreign element.
Three unique case studies will be considered:
Case Study No. 1
This case study will consider the application of Indonesia divorce, succession and matrimonial community property laws to assets held in Indonesia as well as foreign assets held in the US and via a trust in Hong Kong. Indonesia forced heir rules will be considered including potential "clawback" claims against trustees of foreign trusts. Application of Indonesia community property laws to foreign assets and foreign trusts will also be discussed and considered.
Case Study No. 2
This case study will consider the application of US divorce, succession and matrimonial community property laws to assets and property held in the US, Indonesia and through various trusts established in Hong Kong and Singapore. Potential US court orders varying the terms of foreign trusts will be considered, as well as the application of US community property laws to assets held in Indonesia and through foreign trusts.
Case Study No. 3
This final case study will explore the practical process by which an Indonesian family may obtain residence or citizenship in the EU as well as potential long term succession and community property law implications.
We are grateful to be joined by:
Freddy Karyadi, Partner, Ali Budiardjo Nugroho Reksodiputro
Joe Teng, Managing Director, Amicorp Singapore Pte Ltd
Zac Lucas, Partner, McCarthy Denning
John Shoemaker, Registered Foreign Lawyer, Butler Snow
Dominic Volek, Managing Partner, Head of Southeast Asia, Henley & Partners Singapore
Webinar audio recording dated 2 Jun 2020. See Disclaimer, Copyright and Trademarks at https://www.zaclucas.com/disclaimer 

Philippines Private Client Virtual Round Table

In this episode, we shall consider the application of Philippine divorce, succession and community property laws both within the Philippines and also where there is an international element.
Three unique case studies will be considered:
 
Case Study No. 1
This case study will consider the application of Philippine divorce, succession and matrimonial community property laws to assets held in the Philippines as well as foreign assets held in the US and via a trust in Hong Kong. Philippine forced heir rights will be considered as well as potential "clawback" claims against trustees of foreign trusts. Application of Philippine community property law to foreign assets as well as foreign trusts will also be considered.
 
Case Study No. 2
This case study will consider the application of US divorce, succession and matrimonial community property laws to assets and property held in the US, Philippines and via various trusts established in Hong Kong and Singapore. Potential US court orders varying the terms of foreign trusts will be considered, as well as the application of US community property law to foreign assets and trusts.
 
Case Study No. 3
This case study will explore the practical process and procedure by which a Philippine family may obtain residence or citizenship in the EU as well as potential long term succession and community property law implications.
 
We are grateful to be joined by:
Mary Chan, Executive Director, Vistra Trust Services
Joshua Gilbert F. Paraiso, Partner PJS Law
Zac Lucas, Partner McCarthy Denning
John Shoemaker, Registered Foreign Lawyer, Butler Snow
Scott Moore, Country Head Philippines, Henley & Partners
Webinar audio recording dated 20 May 2020. See Disclaimer, Copyright and Trademarks at https://www.zaclucas.com/disclaimer