Nick is a partner in our Private Client department. He advises on sophisticated private wealth planning, putting together plans that provide for family succession, the protection of the family business, the avoidance of family disputes, and all aspects of international family governance. He is a trusted adviser to a number of globally significant families and is well recognised for his understanding of family governance psychology.
He has a particular focus on acting for families in Asia, spending time in the region every month. His clients include trustees, overseas investors, family offices and many very wealthy entrepreneurs. A significant amount of his work is for international families, with a particular focus on SE Asia, China, Russia, Switzerland and the Channel Islands.
Nick advises on estate plans to provide efficiently for assets and family members in multiple jurisdictions, and is a specialist in all aspects of trust planning, especially in relation to trusts holding family businesses, and in relation to planning to avoid losses on divorce. He also specialises in UK taxation for individuals and trusts, and cross-border taxation co-ordination and advises banks and trust companies on technical aspects and practical application of the Common Reporting Standard.
He lectures throughout the world on private wealth issues. He has been classified in Who's Who as one of the top ten private client practitioners in the world. Nick is recognised in the Chambers HNW Guide as a leading individual in Private Client law and for his expertise based abroad for Singapore.
Nick joined Forsters with the rest of the Gowling WLG London Private Client team in May 2017. Prior to this, he was at Gowling WLG and its predecessor firms since 2002. Nick qualified as a solicitor in 1982.
The government has published its response to the technical consultation on the implementation of the EU Fifth Money Laundering Directive (5MLD) and the Trust Registration Service (TRS). The government appreciated that the broad scope of the changes to the TRS proposed in 5MLD raised concerns in the United Kingdom, and this understanding was reflected in its technical consultation.
The COVID-19 pandemic has had two major implications for family governance structures. In the short term, travel restrictions and health risks have prevented business as usual for the foreseeable future. In the long term, the increasing use of digital communication by families and their professional advisers is disrupting governance structures in some cases. This article provides a practical checklist for family governance in the post-COVID-19 world.
Few would have anticipated only a few weeks ago that by March 2020 a large part of the world, including the United Kingdom, would be or have been in virtual lockdown, with many planes grounded and borders closed. However, that is the result of the spread of COVID-19. Along with the numerous health considerations, there are also a number of tax consequences for individuals with connections in more than one jurisdiction, as well as for those based in the United Kingdom.