Trusts in the global economy CLE

Financial Events International is sponsoring a seminar entitled Trusts in a time of turmoil: Managing risks for trustees in a period of global economic turbulence on June 16, 2009 in Geneva, Switzerland.

Here is a description of this program:

This conference will look at the impact that recent events in the world markets will have on trustees and some practical and constructive ways that trustees can, and indeed should, position themselves and the structures they manage to mitigate the significant risks and liabilities.

The principal themes of the conference will include:

• Trustee exposure to investment losses; exoneration and indemnity issues.

• Cross-border disputes and claims arising from investment losses: Swiss and Luxembourg case studies.

• Dealing with attacks from taxation authorities and volatility in tax legislation – the US and UK experience.

• PTCs and Foundations: how and where to establish such structures to manage risk, and a comparative analysis. • Investment policy and delegation arrangements: ensuring compliance with trustees’ duties and best practice.

• Managing beneficiaries’ expectations: reviewing distribution policies and discretionary powers in the face of investment volatility.

The conference should be of interest for Trustees and their professional advisers, solicitors, accountants, private bankers and family office advisors, and wealth management professionals.