Post Event Updates
Family Business Succession Planning (1 June 2011, 12-2pm, STI Auditorium – Capital Tower)
Family business succession planning is often a challenging matter for families to ponder. As advisor to the family, we do not just need to equip ourselves with knowledge on structuring of the framework for business succession, we also need to understand the emotional trip that our client will undertake in making their business succession planning effective.
In this session, Zac Lucas from Ogier BVI, shared with us a systematic approach in analyzing the needs of the family, the readiness of the family to formalize their business succession planning. The role of trusts and estates practitioner becomes important to assist the family in differentiating the situation when they own and are involved in business vs when they merely own the business.
Piercing the Veil of the Company and Trust: An International Comparative Analysis (23 March 2011, 5-7.30pm, STI Auditorium – Capital Tower)
Tim Prudhoe, from UK law firm Kobre & Kim joined us for our monthly sessions last February 15th, at the STI Auditorium at Capital Tower.
His presentation was well attended by trust managers based in Singapore and started off with our guest walking us through the legal concept of the company and how it has evolved over time in the western world and the two main currents of thought. He later moved towards the Trust jurisprudence on the matter including the main areas to focus.
Over the Q & A session Tim shared with us his knowledge on the subject at length, including his experiences as a practicing attorney in the BVI and Bermuda, as well as commenting on well known cases involving trust around the world. It was a well balanced discussion including comments on the wide offer of fiduciary solutions available to practitioners, such as Foundations.