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The IBA’s response to the situation in Ukraine
5 Mar - 7 Mar 2023
Tuesday 7 March (1100 - 1215)
The legal world has been working at short breath. Clients want answers to their questions that are often sent by e-mail or messenger provider systems at once. However, their matters have a longer breath, and solutions provided may no longer be fit because circumstances have changed. Such changes can occur anywhere between highly personal issues such as sudden hostile divorces, spontaneous planning-free marriages, death or birth of persons entitled to an estate, the falling-out with relatives, the rise or fall of family fortunes, sanctions imposed on the client or a family member, changes in the law and in the taxation, and unexpected changes in the order of decease.
· What happens if the legal solutions suggested by the legal team do not reflect the change nobody expected?
· As from when is there exposure for the law firm and/or advising lawyer?
· What is the legal standard to take changes into account?
· How much change expectation must we bear when advising?
|Ellen Kratzer||Fiduciary Trust Company International, New York, New York, USA|
|Markus Zwicky||Zwicky & Partner, Zug, Switzerland; Membership Officer, Private Client Tax Committee|
|Rachel Mainwaring-Taylor||Farrer & Co, London, England; Treasurer, Private Client Tax Committee|
|Stella Strati||Patrikios Pavlou & Associates, Limassol, Cyprus|