This issue starts with a feature on the UK Government’s response to the Organisation for Economic Co-operation and Development’s (OECD) draft recommendations for neutralising hybrid mismatch arrangements as part of its base erosion and profit shifting project. The next feature looks at three 2014 French decisions that have modified parent company liability for its subsidiaries. We also examine whether or not the US’ January 2015 rules have brightened the prospects for trade between the United States and Cuba enough to encourage serious investment, and review the January 2015 amendments to the Taiwan Fair Trade Act.

Our Focus on International Private Client starts with tax arrangements. Recent tax legislation generating automatic information exchange will render the concepts of “tax havens” and “banking secrecy” meaningless. It is therefore vital that high value assets are structured both tax efficiently and transparently. We then examine how errors in the crafting of a key trust document can affect the settlement and those connected with it. Finally, we review the opportunities and challenges inherent in family offices investing abroad.

Please read our entire presentation here.