Non-controlling Jersey settlors will not classify as BOs Following the introduction of the Financial Services (Disclosure and Provision of Information) (Jersey) Law 2020 (Disclosure Law), which came into force in January 2021 and created a beneficial ownership register for certain entities under scope, Jersey recently amended beneficial ownership guidance for companies owned by a trust....Read More

Esg: il lato oscuro (the dark side) della green economy di Barbara Demergazzi, Compliance Officer La green economy rappresenta un segmento importante per gli investitori. Le attività economiche nel settore ambientale sono di importanza vitale per la sicurezza e la protezione dell’ecosistema. Esiste però un lato oscuro: attività legittime possono essere utilizzate come schermo per...Read More

The Italian Revenue Agency changes its opinion on taxation of trust settlements The Italian Revenue Agency has just published for consultation the draft of a new circular on direct and indirect taxation of trusts. The main news is the long long-awaited change in the Revenue’s attitude towards the settlement of assets into trust as far...Read More

Russia creates new domestic foundations Russian Federal Law No.287-FZ will come into force on 1 March 2022, allowing Russian business owners to transfer to new private foundations business and personal assets of at least RUB100 million. The reform aims to provide continuity to businesses by reducing inheritance disputes. Unlike existing inheritance foundations, it will be...Read More

Gestire i rapporti patrimoniali familiari e le dinamiche successorie tramite il trust di Giuseppe Macaluso, CEO di Capital Trustees La pianificazione patrimoniale è sempre più spesso un’attività complessa, specialmente quando coinvolge famiglie articolate, i cui membri, con necessità e interessi diversi, si muovono in un contesto globale, coinvolgendo frequentemente classi di beni dalle caratteristiche particolari...Read More