Transparency, trends and enduring themes - an update from the UK. 14 June 2022

Host group
Host Left
Hosted by
STEP Cayman Islands
Event Type
Meeting/Seminar
Date
Venue

George Town Yacht Club
The Barcadere Marina
612B North Sound Road
Grand Cayman
Cayman Islands

Stephen Pallister and Rose Chamberlayne are partners with Wiggin Osborne Fullerlove. Wiggin Osborne Fullerlove is a leading UK and international tax, trust and private client law firm, based in Jermyn Street, London and Cheltenham.

Stephen is joint chair of the Tax Law Committee of the Law Society of England and Wales, representing almost 200,000 solicitors on all UK tax matters.

Rose is a committee member of STEP’s Business Families’ Global Special Interest Group and a leading Next Generation wealth owner adviser.

The lecture will cover:

  • UK Economic Crime (Transparency and Enforcement) Act 2022
    • Key new UK legislation on transparency of UK land/property ownership by non-UK entities
    • New Overseas Entities Register requiring details of beneficial owners of non-UK entities owning, or purchasing, UK land
    • How will it work? What information will need to be registered?  
    • A public register - but how public?
    • A need-to-know for all offshore trustees and companies owning UK land
  • Some key trends in the trusts and family office sector
    • New wine in old bottles. Making existing structures relevant to a changing world  
    • Working in a progressive and inclusive way with beneficiaries
    • Developing the roles of trustees and advisers
    • New strategies in the family wealth lexicon
  • Practical look at some enduring themes in our practice
    • Structure simplification
    • Risk review
    • Developing agency with advisers
    • Sustainability and governance
    • Focusing on the next / rising generation
Cost group
Event Cost
CI$35.00 – STEP members
CI$35.00 – STEP students
CI$50.00 – Non-members
Free for all full-time students (not in employment)
Free for members of the judiciary and employees of the Monetary Authority
Schedule
17:30 - 18:30, followed by networking drinks, sponsored by Wiggin Osborne Fullerlove
Contact
Monique Bhullar
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