STEP Guernsey Lecture Series 2020/21


Due to the outbreak of COVID-19 the STEP Guernsey branch is currently offering a series of online lectures for industry professionals to keep up with their CPD.

Please ensure that you are signed up to our mailing list to be advised when new lectures are released.

To access lectures in 2021, please contact us for the password.

Viewing fees are payable per person as follows:

STEP Member/Student - £10

STEP Non Member - £15


The STEP Lecture Series is kindly sponsored by

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Virtual Lecture 5 - 2020/21 series

Date of live lecture: 12 January 2021 

Topic: Matters to consider when your client is relocating

Speaker: Gillian Kennedy-Smith, 

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Presentation Summary

Gilly Kennedy-Smith from Mills & Reeve LLP will guide you through considerations to bear in mind where your clients are either looking to become UK resident or attempting to sever ties with the UK.

This talk will include a run through domicile, the statutory residence test, what to think about when advising clients with international interests, as well as highlighting immigration, property and tax changes.


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Questions and Answers

If you have a question please email us and we will ask the speakers to do their best to answer, and post both Q&A here.


Virtual Lecture 4 - 2020/21 series

Date of live lecture: 4 December 2020 

Topic: The estate of the 7th Nizam of Hyderabad

Speakers: Michael Cash, Pennigntons Manches Cooper

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Presentation Summary

Michael Cash will talk about the administration of the VII Nizam of Hyderabad’s estate.

The VII Nizam was reputed to be the richest person in the world in the 1930s. He died in 1967 leaving a large number of children. At the time of Indian independence and Partition £1M was paid by the Nizam into a bank account with NatWest in London.

That money has been the subject of litigation involving India, Pakistan and heirs to the VII Nizam that was finally resolved in the High Court in London last year. Issues of sovereign immunity, illegality, authority to transfer money, abuse of process, payment for arms and the applicability of trust law to states were all raised in the court proceedings.

The administration of his estate in England is ongoing, and court directions have been made to identify the heirs to the estate and to identify which law applies to the devolution of the estate’s money.


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Questions and Answers

If you have a question please email us and we will ask the speakers to do their best to answer, and post both Q&A here.


Virtual Lecture 3 - 2020/21 series

Date of live lecture: 14 November 2020 

Topic: Practical analysis of common issues in family trust disputes

Speakers: Charlotte Fraser, Joanna Poole and Adam Carvalho of Farrer & Co

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Presentation Summary

Charlotte, Joanna and Adam will be presenting a talk on the practical analysis of common issues in family trust disputes.

The presentation will be in the form of a case study which cover capacity, disclosure, conflict of interest and settlement issues.

We hope you will join us for what we hope will be an interesting and engaging session.

The lecture will include Q & A.

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Questions and Answers

If you have a question please email us and we will ask the speakers to do their best to answer, and post both Q&A here.


Virtual Lecture 2 - 2020/21 series

Date of live lecture: 21 October 2020 

Topic: HMRC Update: Topical Issues for Trustees to Consider

Speakers: John Cassidy and Hayley Ives of Crowe U.K. LLP

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Presentation Summary

John and Hayley will cover the following key issues currently relevant to offshore advisers and their clients:

Reasonable excuse:

  • What is a reasonable excuse vs what HMRC's perception
  • Recent tribunal cases, including HMRC’s continued incorrect stance
  • HMRC’s ongoing “powers review” – the power to levy FTC penalties and reasonable excuse has rapidly became the most important topic by far
  • Real life recent examples seen in practice
  • Disclosures – should there be a need for disclosure, we need to consider the most appropriate route before penalty arguments. We will look at action options , to include Worldwide Disclosure Facility, Contractual Disclosure Facility and Let Property Campaign taking account of some of the differences and benefits.

HMRC current activity:

  • Financial Institution Notices
  • The new round of offshore “certificate” letters; what has changed and what does this mean
  • Furlough fraud, the new tax and penalty

 


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Questions and Answers

If you have a question please email us and we will ask the speakers to do their best to answer, and post both Q&A here.



Virtual Lecture 1 - 2020/21 series

Date of live lecture: 18 September 2020 

Topic: HSF Trust company risk survey – the next chapter 

Speakers: Richard Norridge, Will Turner, Dan Hyde, Susannah Cogman and Natalie Curtis - Herbert Smith Freehills

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Presentation Summary

Earlier this year, international law firm Herbert Smith Freehills completed the research phase of a global survey of trust companies. We asked trust companies of different sizes, from a variety of onshore and offshore jurisdictions, with different ownership structures, questions about the most significant risk and compliance issues they face.

Over the summer we released our analysis, but the world does not stand still! In this session, we provide updates in relation to the two areas that trust companies were most concerned about: AML and general regulatory compliance.

We also cover the latest developments in the area of beneficiary disputes.


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Questions and Answers

If you have a question please email us and we will ask the speakers to do their best to answer, and post both Q&A here.


Virtual Lecture 5

Date of live lecture : 19 June 2020

Topic:  UK Property versus the Coronavirus

Speaker: Oli Creasey, Quilter Cheviot

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Presentation Summary


Join Oli Creasey, Head of Real Estate Research at Quilter Cheviot, to discuss the impact of Covid-19 on different areas of the UK property market.

Oli will be discussing the relative winners and losers in the new, socially distant, environment.

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Questions and Answers

If you have a question please email us and we will ask the speaker to do their best to answer, and post both Q&A here.