Family office clients face risks from many directions, including legal liability, risk of investment loss or devaluation, compliance failure, tax and property law change, security (this includes risks to property and person) family dissension, divorce and indiscretion. The mitigation and balancing of risk in all its forms is of paramount importance for many family office clients.
Wealthy families and family members are faced with many legal and investment challenges, and increasing regulatory scrutiny. These issues become more acute in the case of multi-generational families with members based in various countries who have international asset holdings.
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Another key risk for clients is breach of confidentiality, especially in a world where the Internet means information anywhere is information everywhere. The introduction of the family office into the matrix can be a weakness for families who wish to keep their information to themselves, bringing with it an increased risk of inadvertent disclosure. It is possible to reduce such risks by the use of appropriate structuring and third party contracts - but these measures should be taken when the office is established. If a breach occurs our Reputation Management team can help.
We help manage risk for a wide cross-section of family office clients. These include the offices of substantial international families with assets and family members in numerous countries, as well as more traditional families with large landed estates or entrepreneurial interests in the UK and the US. We also work on risk issues with the families themselves and the trustees connected with their family offices.
Transferring intellectual property rights and non-physical assets and income streams out of a Latin American operating business into foreign ownership to provide asset and expropriation protection
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Patricia Milner
DD: +44 (0)20 7597 6092
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Samantha Bradley
DD: +852 3711 1610
Ivan A. Sacks
DD: +1 212 848 9820
Jennifer McDermott
DD: +44 (0)20 7597 6617