Ms Tatiana Jullier

Tatiana Jullier

Updates

Private Client & Offshore Services

Swiss free ports: still a safe house for private clients' trophy assets?
Switzerland | 05 March 2020

Private clients who want to resort to the services of Swiss free ports are facing greater transparency. They should be aware of the anti-money laundering obligations imposed on the dealers and financial intermediaries with which they trade, particularly regarding due diligence enquiries to which they could be subject. However, despite stricter regulation, Swiss free ports continue to offer many advantages.

Art collectors' alert – landmark Supreme Court ruling on returning artworks illicitly exported to country of origin
Switzerland | 29 August 2019

Estimated at $67.4 billion, the art market has become a global playing field for ultra-high-net-worth and high-net-worth individuals to invest their assets. Yet, lack of harmonisation of national legislations on the protection of cultural property may hamper collectors' pleasure in moving their art around the world. In a recent decision, the Swiss Supreme Court clarified the requirements to be met by countries of origin when requesting the return of artworks allegedly illicitly exported by their legitimate owners, thus absent any issues of ownership.