Post Event Updates
"What you need to know about CRS and its impact for your clients?” (30th June 2015, 3pm - 4.30pm, Intellioffices, Level 11, 146 Robinson Road)
“What you need to know about CRS and its impact for your clients?” was chaired by Ms Goh Seow Chee, Managing Director, J.P. Morgan Private Bank (Singapore) and featured presentations by:
- Mr Jason Collins, Head of Tax Group, Pinsent Masons LLP
- Mr Desmond Teo, Partner, Financial Services Tax, International Tax Services, Ernst & Young Singapore; and
- Mr Jimmy Oei, Consultant.
This pre-AGM talk comprising of a distinguished panel of leading lawyers, accountants and bankers gazed into the new era of transparency with the introduction of common reporting standards, how this would apply to trust and company service providers, repercussions for clients, and the practical lessons gleaned from other jurisdictions.
The event was extremely well attended with over 70 delegates, and preceded the holding of STEP Singapore’s AGM.
Contributed by: Chee Fang Theng , Pan Asia Law LLC
More needs to be done with your BVI share(s) (14th April 2015, 12pm - 2pm, Intellioffices, Level 3, 146 Robinson Road)
“More needs to be done with your BVI share(s)” was presented by Mr Henno Boshoff, Senior Associate, Harneys, Singapore office and chaired by Ms Annette Sui, Managing Director and Head of Private Wealth Solutions, Southeast Asia, HSBC Private Bank.
This lunchtime talk examined the thorny but common issue of what happens upon death for persons holding BVI company shares since the BVI has probate procedures, a fact which is not always known by clients.
The options reviewed for ensuring orderly succession included making a BVI will, joint tenancy, reserve directorship, and establishing a BVI share trust.
Contributed by: Contributed by: Chee Fang Theng , Pan Asia Law LLC