Our extensive experience with global family matters, combined with our substantial cross-jurisdictional capability, means we are perfectly placed to develop forward thinking solutions on more complex arrangements.
A case in point, a Saudi Family with Egyptian roots. The family includes three wives and children living in different countries, including the US. The Patriarch established a franchise business with a significant manufacturing group across the region.
We reviewed and advised how to best alter an outdated existing structure taking into consideration the fiscal complexities of the relevant jurisdictions.
The Patriarch wished to create a family governance framework including a family counsel for younger members of the family which would encourage those family members to be involved and agree on how they interact with each other and the businesses.
Our teams in Geneva and Jersey created a Jersey company to act as a private trust company to underlying Jersey Law trusts as part of a wider structure.
Each family unit benefits from its own Trust to minimise the impact from the other units’ fiscal regimes. Working with the family we created a family governance document which bound all members to the same principles.