STEP Journal: April 2019

The past, present and future exist at the same time. Thus neither is the past permanent nor the future necessarily fated.

Emily Deane highlights legislative gaps in the protection of vulnerable adults in cross-border situations in Europe

Kevin Custis advises STEP members on what to do if a complaint is made against them, and the value of the disciplinary process

The EU’s Anti-Tax Avoidance Directive means more complexity and less certainty, writes Paolo Panico

Margaret O’Sullivan assesses Canada’s recent moves towards transparency

Gina M Pereira assesses how distributed ledger technology may serve philanthropy

Caroline Bielanska provides a case study on the difficulties of determining a client’s capacity in England and Wales

Josephine Howe outlines Jersey’s upcoming economic substance requirements and their relation to private wealth structures

Laila Arstall explains the recent update to Guernsey’s corporate tax residence rules

Kevin O’Loughlin explains the Isle of Man’s new substance requirements legislation

Paul Hunter revisits the Jersey foundation, a decade after its introduction

Donna Withers explains how Jersey’s new mental capacity law further protects vulnerable clients

Kimberly A Whaley outlines the differing approaches to determining decisional capacity across Canada’s provinces and territories

Johann Jacobs assesses the state of South Africa’s pending capacity legislation

Ann Stanyer highlights ‘red flags’ signalling potential financial abuse that all advisors should watch out for, wherever they are based

Samantha Presland lays out the merits of the new NICE guidelines on mental capacity in the UK

Yann Mrazek outlines the practical impact of ADGM and DIFC foundations on regional assets, for both investors and fiduciaries

Harry Joffe reports on some of the key offshore issues raised in South Africa’s 2019 budget

Sam Hickman looks at a recent case concerning parents from different African countries to highlight the complexities of working with international families

Gianpiero Succi and Tameru Wondm Agegnehu explain the legal considerations surrounding will-making in Ethiopia

Over the next decade, a huge amount of wealth is due to transfer between generations of families. A recent STEP Journal roundtable, sponsored by SANNE, asked what this means for the next generation and their advisors

Dawn Register and Becky Hartley consider the practicalities of the recent rule changes for non-UK residents in respect of UK properties

Saskia Lust traces the development of Belgium’s recent civil and tax law updates, from the ‘Cayman Tax’ to new reporting obligations

Hannah Mantle explores whether artificial intelligence could improve the will-drafting process in England and Wales

Carlos de Serpa Pimentel and Esmond Brown review trustees’ use of the Cooper application in the Cayman Islands

By Caroline Bielanska TEP, Richard Frimston TEP, Justin Holmes and Martin Terrell TEP