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Wealth Without Borders: Exploring Private Client Offshore - Issue 15

Date: 19/07/2024 Type: Community Magazine Main Issue Topic: Private Client | Trusts | Wills and Estates | Inheritance | Next Generation Wealth | Investment and HNWI’s | Tax |

We are delighted to present the Private Client Magazine. In Issue 15, we unveil an in-depth exploration of the intricacies and opportunities within the private client offshore sector.

Technology In Disputes

Date: 17/06/2024 Type: Articles Topic: Private Client | Trusts | Wills and Estates | Inheritance | Next Generation Wealth | Investment and HNWI’s | Tax |
Author: Jonny Rodwell & Nazia Khalfey - PwC

The disruptive potential of technology, in particular Generative Artificial Intelligence (Gen AI), in the delivery of legal services and resolution of disputes is fast becoming a key topic in conversations amongst legal professionals and advisors, with the tone a mix of excitement, skepticism and trepidation.

Security Deposit For Costs in Liechtenstein Civil Proceedings: Not To Underestimate

Date: 03/06/2024 Type: Articles Topic: Private Client | Trusts | Wills and Estates | Inheritance | Next Generation Wealth | Investment and HNWI’s | Tax |
Author: Hannes Arnold - Gasser Partner

In Liechtenstein civil proceedings, the principle applies that the losing party in the proceedings must reimburse the winning party for the legal costs, fees and expenses incurred by it. As Liechtenstein is not a member state of the Lugano Convention, decisions by Liechtenstein courts on this reimbursement of costs cannot be enforced abroad without further ado. The procedural obligation to provide a security deposit for costs (so-called actuarial deposit; cautio iudicatum solvi) is therefore of crucial practical importance.

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