Dealing with the nouveau super riche

Legal issues on Eastern oligarchs

Thursday 27 August, 9:00-12:00

ABA – American Bar Association

General Reporter : Markus Zwicky
External Speakers : Aaron Schildhaus, Washington D.C., Immediate Past President ABA Section of International Law, Joseph A. Field, Withers, London, Valentyn Zagariya, Spencer & Kaufmann, Kiev, Ukraine

Emerging eastern markets have developed a new elite of oligarchs who found great wealth in trade, trading or real estate. These entrepreneurs and their families, regularly well educated at the best among eastern and western schools and universities, lead a predominantly international lifestyle and invest or spend their fortunes on the markets where they choose to stay. Is there a difference between wealthy clients from the East and families with old money from Europe or the US? What are the specific challenges for the business lawyer advising for an investment of dealing within participations of an Eastern private client? Are there must’s and don’ts for lawyers being approached by young lawyers? In this interactive working session we will examine these questions with experienced senior lawyers from an angle of private client, business law and private banking. We will also examine specific questions of private clients’ tax planning.