Theme - Day One - The Blades: Dangerous if you don't know how to use them, powerful if you master them
16th January 2020
Congress Centre Kursaal, Interlaken, Switzerland.
CONFERENCE THEME - THE TRUST AND ESTATE PRACTITIONER'S SWISS COMBINATION KNIFE
REGISTRATION, BREAKFAST AND NETWORKING
Kindly sponsored by Butterfield Trust (Switzerland) Ltd
WELCOME FROM THE SWISS & LIECHTENSTEIN STEP FEDERATION
Andrew McCallum TEP - Managing Director, Rhone Trustees (Switzerland) SA
Chairman, Swiss & Liechtenstein STEP Federation
Treasurer and Committee Member of STEP Geneva
Treasurer and Executive Committee Member of the Swiss Association of Trust Companies
WELCOME FROM STEP WORLDWIDE
Mark Walley - CEO, STEP Worldwide
KEYNOTE ADDRESS - LEADING IN TIMES OF CHANGE
Inga will share her experiences of bringing a centuries old institution into today’s world
Inga Beale DBE, Portfolio Board Director
CHAIR'S OPENING REMARKS
Andrew McCallum TEP - Managing Director, Rhone Trustees (Switzerland) SA
Chairman, Swiss & Liechtenstein STEP Federation
Treasurer and Committee Member of STEP Geneva
Treasurer and Executive Committee Member of the Swiss Association of Trust Companies
TRUSTEE REGULATION IN SWITZERLAND
- Scope: Who needs a license? Are there exemptions for private trust companies and family offices?
- Prudential Supervision of trustees: What are the regulatory obligations that will apply to Swiss trustees?
- Cross-border situations: What is the impact of the Financial Institutions Act on foreign trustees?
- Licensing and Supervision: What needs to be done to be licensed? Who are the supervisory organisations and what is their role in the licensing process?
- Supervision and Enforcement: What is the role of the supervisory organisation? What is the role of FINMA? How will they interact?
- Update on the implementation of the new trustee regulation in CH
- Can lawyers still act as trustee’s under the new rules in Switzerland ?
- Next steps and timing?
Philippe de Salis TEP – Partner – Head of Fiduciary, Switzerland, Stonehage Fleming SA - Moderator
Professor Bahar Rashid - Partner, Bar & Karrer Ltd and Professor, University of Geneva
Leonard Vijverberg - Senior Associate, Lenz & Staehelin
LUNCH AND NETWORKING
Kindly sponsored by SwissLife Global Solutions
TRUSTEE REGULATION WORLDWIDE (COMPARATIVE LAW)
- PTCs – Guernsey update on licencing requirements
- Update on regulatory changes in foreign jurisdictions.The new Liechtenstein Governance system for trustees
- Quo vadis trust business? The new agenda of regulators and the possibilities of tokenisation
Marcus Leese – Partner, Ogier - Moderator
Prince Michael of Liechtenstein – Executive Chairman, Industrie- und Finanzkontor Ets., Wealth Preservation Experts
David Russell TEP AM RFD QC – Barrister, Outer Temple Chambers
ECONOMIC SUBSTANCE
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Why “substance” matters: In Switzerland, Liechtenstein and Offshore;
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What “substance” means: In Switzerland, Liechtenstein and Offshore;
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What an entity needs in order to have “substance”: In Switzerland, Liechtenstein and Offshore.
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A case study aided discussion of some comment “substance“ scenarios.
David Cooney – Partner, Charles Russell Speechlys AG - Moderator
Herbert Bischof - Managing Partner, BDO (Liechtenstein) AG
Paul Davis – Partner, Higgs and Johnson
Professor Dr Pierre-Marie Glauser – Professor, University of Lausanne and Partner, Obserson Abels SA
NETWORKING AND REFRESHMENTS
Kindly sponsored by Schroder & Co Bank AG
BENEFICIAL OWNERSHIP REGISTERS OF COMPANIES & TRUSTS
- FATF Recommendation 22
- The new Swiss AML duties for Trust and company service providers
- New Swiss AML requirements for identification of the beneficial owner
- Beneficial ownership registers of companies & Trusts, where we stand?
- Panama Papers; European Union; UK; British Crown Dependencies and Overseas Territories; Switzerland; USA
Filippo Noseda TEP - Partner, Mishcon de Reya LLP and Visiting Lecturer, King’s College, London - Moderator
Stephanie Auferil, Founding Partner, Arkwood SCP
Lars Schlichting LL.M. – Partner, Kellerhals Carrard
SWISS CORPORATE TAX REFORM/EU ISSUES/EEA
- The future relationship between the EU and Switzerland: possible scenarios
- The future relationship between the EU, EEA and Liechtenstein: stable niche or delicate balance? (http://sous.li/wp-content/uploads/2018/11/Zur_Zukunft_Liechtensteins_in-Europa_31_10_18.pdf for a book on that topic)
- Fair and effective taxation: Fair for whom?
- Priorities of new European Commission: “a Europe that protects” or a Europe that competes?
- Implications for Switzerland and Liechtenstein: how far can tax sovereignty and tax competition be upheld?
- EU corporate tax law from a global perspective: protectionism v. competitivenes
Professor Dr Michael Wohlgemuth – Research Officer, Foundation for Economic Governance and Public Law - Moderator
Jean-Blaise Eckert - Partner, Lenz & Staehelin
Sabine Monauni - Ambassador of Liechtenstein to the EU
DAY ONE ROUND-UP
SWISS & LIECHTENSTEIN STEP FEDERATION STUDENT AWARDS
DRINKS RECEPTION
Kindly sponsored by swisspartners Marcuard Heritage AG
GALA DINNER
Kindly sponsored by Schellenberg Wittmer Ltd