Liechtenstein: trust the change - STEP

© Liechtenstein TourismLiechtenstein Trust & Estate Practitioners International ForumLiechtenstein:trust the changeNew perspectives for the Liechtenstein financialcentre in the 21 st centuryThursday 6 th May 2010 Vaduz, Spörry Areal STEP members: 5 hours of CPDWith the exceptional participation of:Dr. Klaus TschütscherPrime Minister of the Principality of LiechtensteinH.S.H. Prince Michael of LiechtensteinExecutive Chairman, Industrie- und Finanzkontor Etabl., VaduzCharles Edward Falk, Attorney at law, Mendham, New JerseyMarco Felder, Director, Steuerverwaltung, VaduzDr. Katja Gey, Coordinator of the Government for international negotiations in financialand tax matters, VaduzDr. Thomas Nigg, Vice President of the Liechtenstein Trustees Association, VaduzDr. Stephan Ochsner, CEO, Kaiser Ritter Partner Trust Services, VaduzPaolo Panico, President, Private Trustees SA, Geneva & LuxembourgDr. Christian Pelz, Partner, Noerr LLP, MunichPeter Pexton, Chairman of STEP Vaduz Centre, VaduzMonty Raphael, Joint Head of Fraud and Regulatory, Peters & Peters, LondonRupert Ticehurst, Partner and the head of trusts practice, Herbert Smith LLP, LondonDr. Thomas Zwiefelhofer, Member of the board of directors, Allgemeines Treuunternehmen, VaduzCo-organised bySponsored byWith the support of

STEP Swiss European Annual Conference© Liechtenstein TourismLiechtenstein Trust & Estate Practitioners International Forum10.00 | Peter Pexton, Chairman of STEP Vaduz CentreOpening speech by the Chairman of Step Vaduz Centre10.10 | Dr. Klaus Tschütscher, Prime Minister of thePrincipality of LiechtensteinTrust the change - new perspectives for the Liechtenstein financial centrein the 21 st centuryLiechtenstein international fiscalrelations – a new eraPanel discussions10.30 | Marco Felder, Director, Steuerverwaltung,VaduzDr. Katja Gey, Coordinator of the Governmentfor international negotiations in financial andtax matters, VaduzCharles Edward Falk, Attorney at law,Mendham, New JerseyDr. Thomas Nigg, Vice President of theLiechtenstein Trustees Association, VaduzWhat is the impact of the recent developments? What future developmentto expect?What are the consequences of the commitmentto comply with article 26 of the OECD model conventionon exchange of information?How will be the fiscal relations and the exchangeof information in practice with Germany?How will be the fiscal relations and the exchangeof information in practice with the USA?What solutions regarding the clients withundeclared funds?What are the objectives of the European Union?What are the new ideas of the US tax administrationand the US Congress to combat fraud and offshorecentres?Dr. Christian Pelz, Partner, Noerr LLP, MunichExchange of tax information in practice: how will the new rules be implementedby the tax administration and by the financial intermediaries?What are the precise conditions demanded byLiechtenstein to accept an information requestfrom a foreign country? What information willbe exchanged?How can the financial intermediaries adapt theirorganisation and procedures to the new rules ofexchange of information?What are the consequences with the clients?Should the client be informed?Does the client have the right to be informedabout an exchange of information regardinghis account? Could the client sue the bank forexchanging information?Should the financial intermediaries investigateon the tax compliance of their clients and towhat extent? Can the intermediaries be consideredliable for helping the client to hide his money andavoid taxes?12.30 | Dr. Stephan Ochsner, CEO, Kaiser Ritter PartnerTrust Services, VaduzLunchSponsored by

© Liechtenstein TourismLiechtenstein Trust & Estate Practitioners International Forumliechtenstein and the future: quo vadis?14.10 | Monty Raphael, Joint Head of Fraud andRegulatory, Peters & Peters, LondonWhat is really changing for the intermediaries in the world post G20?The drive for transparency: is it just about tax?G20 Leaders’ statement, the Pittsburgh Summit,25 September 2009: “Our commitment to fight noncooperativejurisdictions (NCJs) has produced impressiveresults. We are committed to maintain themomentum in dealing with tax havens, money laundering,proceeds of corruption, terrorist financing, andprudential standards.”Emerging issues for intermediaries in AML,CTF and the fight against corruption14.50 | Paolo Panico, President, Private Trustees SA,Geneva & LuxembourgFuture model of wealth management. What are the best structuresfor planning post G20? Securitisation, life insurance, trustsOECD practice and national blacklists.From “confidentiality” to “enforceability”:the importance of legal relationshipsLegal - not only fiscal - substanceBeneficial ownership vs contractual claims:securitisation and private insurance.Asset protection and estate planning: recognitionand uses of trusts.15.30 |Coffee break15.50 | Rupert Ticehurst, Partner and the head oftrusts practice, Herbert Smith LLP, LondonBanking secrecy and personal freedomThe past: the origins of banking secrecy and historical arguments in its favour.The present: banking secrecy under attack.The future: adapting to change.16.30 | H.S.H. Prince Michael of Liechtenstein,Executive Chairman, Industrie- undFinanzkontor Etabl., VaduzThe way forward: Liechtenstein Quo Vadis?Dr. Thomas Zwiefelhofer, Member ofthe board of directors, AllgemeinesTreuunternehmen, Vaduz17.10 | Peter Pexton, Chairman of STEP Vaduz CentreConcluding remarks by the chairman17.15 |End of the conference

© Liechtenstein TourismLiechtenstein Trust & Estate Practitioners International ForumVenueSpörry ArealRüfestrasse 69490 VaduzPrincipality of LiechtensteinT +423 235 40 69Registration form YES, I would like to register for the conference “Liechtenstein Trust & Estate PractitionersInternational Forum” on the 6 th May 2010 in Vaduz Yes, I am a member of STEP: membership N° Yes, I am a member of the Liechtenstein Association of Professional TrusteesPractical informationHow to registerby phone: +41 (0) 22 849 01 11by fax: +41 (0) 22 849 01 10by e-mail: info@academyfinance.chby post: Academy & Finance SA,PO Box 6069, CH-1211 Geneva 6www.academyfinance.chwww.step-ch-fl.com Yes, I am a member of the BSCCFull namePositionCompanyAddressFees1190 CHF (Swiss VAT not included: 7,6%)Members of STEP: 890 CHFMembers of the Liechtenstein Associationof Professional Trustees (LiechtensteinischeTreuhändervereinigung) and of the BSCC maybenefit of the fees which are indicated for STEPmembers.Discounts: 2 nd delegate -10%; 3 rd delegate -15%Postcode City CountryTelFaxMobileE-mail I do not wish to appear on the list of attendeesSpecial dietary requirements (if any)Registration and paymentTo confirm your booking, credit card detailsmust be given as a guarantee of payment.Payment by cheque or bank transfer mustbe received by Academy & Finance BEFOREthe conference date to guarantee admission.Transfer of registrationRegistrations can be transfered within a firmor company.PaymentI wish to pay by : Credit card Bank Transfer Credit card payments will be debited immediately upon receipt of card details. Credit card payments will besubject to a surcharge of 4 % (inc. VAT) to cover commission charge.Mastercard VISA AMEX Business card Personal card Card No: / / / Expiry Date: /Cancellation datesCancellations received by 6 April 2010 willreceive a full refund. Cancellations receivedbetween 6 April 2010 and 20 April 2010 willreceive a 50% refund less the administrativefee. No refund after 20 April 2010.Name of card holderAddress of AMEX card holderDateSignatureThe organisers reserve the right to change the programme if, despite their best efforts, circumstances oblige them to do so.AF336