Phyllis Townsend

Phyllis Townsend

Associate
Baker & McKenzie Services Limited

Biography

Phyllis Townsend is a senior associate in the Wealth Management practice in London. Phyllis joined in 2012 from Rothschild Wealth Management & Trust where she was legal counsel in London and Zurich. Phyllis works with clients on a broad range of wealth management matters. Phyllis is listed in Legal 500, Private Client Practitioner's "Top 35 under 35" and Legal Week's "Private Client Global Elite - Ones to Watch".

Practice Focus

Phyllis' main practice is advising trustees, family offices and high-net worth individuals on cross-border tax, asset protection and trust planning, including establishing family office and private trust company structures. Phyllis often advises on pre-UK arrival planning and provides ongoing advice to UK resident non-UK domiciled individuals and families with connections to the US, Europe and Middle East. Phyllis has experience in tax investigations. Phyllis also advises financial institutions on regulatory and compliance issues and in relation to their wealth management offering.

Representative Legal Matters

  • Advised a client based in the Middle East on high-value acquisitions, a complex restructuring of private and investment assets and exchange of information/disclosure requirements.
  • Advised a client on establishing a private trust company structure and family offices for US and global investments.
  • Advised both trustees and beneficiaries on restructurings of complex contentious trust structures, which own operating businesses, investment portfolios and other assets including real estate.
  • Represented a client in a large tax investigation by a foreign tax authority, including advice around the enforceability of foreign judgments.
  • Provided VAT and structuring advice in relation to significant maritime assets.
  • Advised on changes to the taxation of UK residential real estate and structures for UK residential real estate.
  • Advised an international private bank on their wealth management offering.

Professional Associations and Memberships

  • Society of Trust & Estate Practitioners (STEP)
  • Law Society of England & Wales

Admissions

  • England & Wales~United Kingdom (2010)

Education

  • BPP Law School, London (Legal Practice Course) (2008)
  • University College London (LLB) (2007)
  • University of Paris II (Panthéon-Assas) (Masters I in Business Law) (2007)
  • University of Paris I (Pantheon-Sorbonne) (Bachelor in European and International Law) (2006)

Languages

  • English
  • French
  • German

Publications

Feature, "Cultural Transition", STEP Journal, April 2019

Author, "The World Stage: Planning for the Wealthy Brazilian", STEP Journal, March 2013

Presentations

Speaker, various topics, Baker McKenzie Annual Tax and Trusts Conference (London), Annually

Speaker, "UK Tax and Brexit Update", STEP Monaco, January 2020

Speaker, "Life Insurance and Confidentiality Issues", Vie International Private Placement Life Insurance Conference, October 2019