A look at the most read stories on eprivateclient this week...
The 2020 eprivateclient Top 35 Under 35 were revealed with 35 men and 35 women chosen from over 570 nominations this year. The 70 rising stars work across the private client legal, trust and tax advisory sectors in the UK, Guernsey and Jersey. To see the Top 35 women, click here and see which 35 men made the cut, click here.
The Dubai International Financial Centre (DIFC) expanded the applicant criteria for its Prescribed Companies regime. The expanded regime - which has been aimed at family offices, fintech entities, government bodies as well as regulated financial firms - is expected to attract companies to establish structures at DIFC that align with international best practice.
Intertrust Group acquired the client portfolio of Van Doorn AG, a Swiss corporate management and private wealth services company based in Zug.
US law firm Loeb & Loeb hired Matthew McKim as a partner in its trusts and estates department in the firm’s Chicago office. Prior to joining Loeb & Loeb, Mr McKim led the international private client group at Benesch, Friedlander, Coplan & Aronoff.
2020 eprivateclient Top Trust Company JTC announced further growth in the first half of 2020 in its interim results with revenue growing in the first six months of 2020 by 15.2 percent period-on-period to stand at £53.7 million - net organic growth of 10.1 percent.
Offshore law firm Carey Olsen hired Alex Hall Taylor QC as a partner and head of its British Virgin Islands (BVI) dispute resolution and litigation practice. He replaced Ben Mays, who after over five years in the role is retiring from the legal profession Mr Hall Taylor joined the firm from Maples and Calder, where he jointly led the BVI dispute resolution and insolvency team.
Offshore law firm Collas Crill made a number of promotions in the Channel Islands across its fee-earners and business services team with three lawyers added to the firm's partnership including Jersey-based Laura Perkins who specialises in wealth planning for high and ultra-high net worth clients, and advises on BVI and Jersey law.
The UK's Solicitors Regulation Authority warned solicitors they have less than one month left to check the latest HM Treasury Consolidated List of asset freeze targets to make sure they are not holding monies belonging to a client that is subject to financial sanctions.
Boutique tax advisory firm Lancaster Knox added to its private client offering with the appointment of Ben Gill. Mr Gill joined the Isle of Man-headquartered firm from EY.
High-end home buyers across England and Wales are opting for bigger homes in the wake of the Coronavirus pandemic and paying more for them, while transactions and the price paid for flats has fallen, new research by high-net-worth (HNW) mortgage broker, Enness Global, found