60-second interview with Dr Simone Nadelhofer

Simone Nadelhofer, 4/11/2013

Dr Simone Nadelhofer, Counsel at LALIVE, Zurich, Switzerland. Simone was speaker at the STEP Swiss European Annual Conference 2013.

What does your firm do?

LALIVE is an international full-service law firm, with offices in the two key banking and financial centres of Switzerland, Geneva and Zurich, as well as in Doha. LALIVE operates on a worldwide basis, in relation to domestic and cross-border matters. The firm comprises lawyers from Switzerland and more than other 15 countries who together speak a dozen languages and whose legal expertise covers several other key jurisdictions.

What is your perception of STEP and what does it mean to your business?

STEP is a benchmark for professionalism, a source of ‘ahead of time’ know-how and an excellent networking platform.

Private client practitioners comprise a broad spectrum. What do you think links practitioners around the world?

I believe it is our ambition to serve clients both in their everyday life and in extraordinary life circumstances.

What do you feel are the main challenges facing your organisation/practitioners at the moment?

The increasing regulatory complexity of wealth management services and the politicisation of the law, as recently demonstrated by the tax dispute between Switzerland and the United States.

How will you deal with these challenges?

By anticipating legal developments and proactively assisting our clients in reducing and controlling their legal risks.

You spoke at the STEP Swiss European Annual Conference 2013 in October. What was your chosen topic and what are the key issues in this area?

I spoke on the exchange of information within the framework of administrative assistance in tax matters and mutual assistance in criminal matters from a Swiss perspective. Key issues in this area are group requests for information, which allow requesting states to access information on Swiss bank accounts without the need to provide the names of individuals or account numbers. Another important question is how Switzerland treats requests based on stolen data. And last but not least, the qualification of tax offences as predicate money-laundering offences in the future.

What jurisdictions/regions are currently important to your work and why?

We are seeing an increasing number of clients from emerging markets all over the world. My personal focus is on clients from the Asia and Australasia regions.

What’s the best piece of advice you’ve been given?

The sky must be your limit and the world is already your playground.

What’s been your career highlight?

There have been many. To name only one, I was defending US taxpayers in the first Internal Revenue Service  v UBS AG case.

Who has been your greatest mentor and why?

I have had several people who have inspired me throughout my career, in various regions of the world. Since joining LALIVE, I have consistently sought guidance and support from several partners of the firm when needed. All of them have outstanding legal minds and a deep understanding of transnational situations.

What do you do in your spare time?

I travel and practice endurance sports activities. And I am a fan of contemporary Indian literature.

What’s the best book you have read this year?

Again, there have been many; one of them being Aravind Adiga’s The White Tiger.

What’s your favourite quote?

My favourite non-sense quote would be: 'Bank secrecy remains intact'.

Dr Simone Nadelhofer works with LALIVE in Zurich, Switzerland and specialises in litigation and white collar crime. Simone represents clients in legal and administrative assistance proceedings in tax matters. Simone was speaker at the STEP Swiss European Annual Conference 2013.

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