At a time when the private banking world has been increasingly under scrutiny by tax, legal and regulatory authorities worldwide, governments are using the current financial crisis as the impetus to crack down and stamp out undeclared money and to ensure full tax collection. Coupled with this, the financial crisis has forced financial institutions to cut costs and reduce head count.
LawInContext, a venture created by Baker & McKenzie, offers the following cost-efficient, timely and comprehensive databases of online legal information, as well as training, that are specifically tailored to the legal, tax and regulatory information needs of private banks, trust and insurance companies, to help them gain greater efficiency and effectiveness in conducting their day-to-day business.
All database content (known as “Helpdesks”) has been created and is regularly updated by Baker & McKenzie and contributing lawyers. Email notifications are sent out informing users of content updates and key developments.
Private Banking Helpdesk
Country-by-country review of the key legal and tax issues essential to serving high net worth families in 43+ countries around the world. Includes practical matrices covering the country tax system, the country legal system, tax treaties & foreign tax credits, developing a tax-efficient portfolio and a per country sample tax disclosure analysis. Also includes online training modules covering key topics relating to international wealth planning – see Online Training section below. More information is available at www.lawincontext.com/privatebanking.
Financial Products Distribution Helpdesk
Rules related to the marketing and distribution of financial products and services offered by non-locally licensed banks, investment banks, fund managers and insurance companies in 29+ countries. Includes a convenient Relationship Manager Checklist for use when conducting sales and marketing activities during the customer prospecting, acquisition, and follow-up phases. More information is available at www.lawincontext.com/financialproducts.
Online Training
The following training modules are currently available online in the following packages or as individual modules:
Name |
Modules |
International Succession Planning –
Basic Principles & Key Planning Tools (5 Modules)
|
- What is a Trust
- Features & Uses of Trusts
- Foundations (Tax Planning with)
- Insurance (Tax Planning with)
- International Succession Principles
|
Cross Border Tax Compliance Systems (2 modules)
|
- US Qualified Intermediary Rules
- EU Savings Directive
|
NEW! International Wealth Planning
|
- International Wealth Planning
|
Live Training
As a complement to the online Helpdesks and training modules, LawInContext conducts live, in-person training sessions, as well as a specialized “train-the-trainer” program. The content of every training program is tailored to meet the goals, skill levels and staffing needs of the institution with which LawInContext works. Please contact us for more information on our live training.
Site Demonstrations/Free Trial Access: LawInContext is able to organize live site demonstrations via a web-based conference call, as well as free trial access to any Helpdesk at your convenience.
Newsletters: Sign up to receive the free Private Banking Helpdesk Quarterly newsletter and Financial Products Distribution Helpdesk Quarterly newsletter, which highlight recent country updates and key developments that are covered in more detail within the Private Banking and Financial Products Distribution Helpdesks.
For more information, please visit
www.lawincontext.com or send us an
.
LawInContext Pte. Ltd. (“LawInContext”) was created by the global law firm Baker & McKenzie and provides cost-effective access to online legal information and training tailored to select communities of clients. LawInContext is neither a law firm nor authorized to practice law. No attorney-client relationship will be formed or deemed to be formed with Baker & McKenzie or contributing law firms through the use of LawInContext’s legal information, knowledge management, and training services. This may, in some jurisdictions, be considered “Attorney Advertising” for Baker & McKenzie and other contributing firms. A full disclaimer is available at http://www.lawincontext.com/.