Trusts & Firm Foundation

BA
BSA Ahmad Bin Hezeem & Associates LLP

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BSA is a full-service law firm headquartered in Dubai, UAE, with 9 offices across the region. We are deeply rooted in the region, offering a competitive advantage to clients seeking advice that works in the real world and is truly in tune with the market. We have rights of audience in every country where we have an office, means that we can litigate all the way from the boardroom to the courtroom.
The main goal of any wealth management and succession planning is to preserve the family legacy and family owned and operated businesses.
United Arab Emirates Wealth Management

The main goal of any wealth management and succession planning is to preserve the family legacy and family owned and operated businesses. The regulatory framework of succession planning in the UAE includes both civil and Islamic law principles. However, as the DIFC has its own independent jurisdiction within the UAE, it is also empowered to create its own legal and regulatory framework for all civil and commercial matters and when it comes to succession planning and wealth management, it provides flexible structures in the form of companies, trusts and foundations.

This framework has recently been enhanced with the implementation of two new laws – the new DIFC Trust Law No. 4/2018 and the DIFC Foundations Law No. 3/2018. The two new laws should provide those looking for wealth management and succession planning routes with new, more efficient options as Lara Barbary, Partner and John Peacock , Senior Associate at BSA Ahmad Bin Hezzem & Associates LLP explain.

Read the full article here.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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