Cross-border private client work is a largely underreported area of law, and yet it is one that is well worth knowing about. It affects millions of people around the world on a daily basis and can be the difference between someone’s last wishes being fulfilled, or lengthy and intractable legal proceedings engulfing all concerned.
In order to provide further insight, we have called upon the views of a number of experts in the field. Richard Frimston, Partner and Head of the Private Client Group at Russell Cooke, writes on international trusts, with Alberto Pérez Cedillo and David King providing articles on succession. Finally, Dr Timothy Lyons QC provides a practical overview of international private client tax law.
In focus: Clarification of the procedure for the division of assets in cross border formal relationships
The European Commission has recently announced that it is to proceed to formally adopting two new proposals which aim to clarify property regimes for international married couples and international registered partnerships, by way of enhanced co-operation procedure.