International Law Office Update (August 2, 2019)

The International Law Office has issued an estate planning update newsletter, dated August 1, 2019. It includes the following articles (registration required):

Update to Bermuda’s economic substance legislation

Bermuda – Carey Olsen Bermuda

Jersey Royal Court rules on its powers to restrict parties that withdraw trust proceedings to start afresh

Jersey – Ogier

Family links in estate and succession planning

Liechtenstein – Allgemeines Treuunternehmen (ATU)

Should offshore trusts stay offshore – the long-term trust solution

USA – Kozusko Harris Duncan

Should offshore trusts stay offshore – the problems

USA – Kozusko Harris Duncan

Capacity and power of attorney

Liechtenstein – Allgemeines Treuunternehmen (ATU)

Tax benefits for foreign nationals

Cyprus – A G Paphitis & Co

New tax reforms in effect

Bahamas – Lennox Paton

Regulation in Guernsey – what happens when it goes wrong

Guernsey – Ogier

Fiscal consequences of offshore regime revocation

Macau – Rato, Ling, Lei & Cortés Advogados

Judge rules that parties cannot be forced to engage in ADR procedures

United Kingdom – Forsters LLP

First-time scrutiny by Jersey Royal Court of Channel Islands financial ombudsman decision

Jersey – Ogier

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal..