1、Private Wealth Newsletter 2022THIRD EDITIONEditors noteOn behalf of Baker McKenzies Global Wealth Management Practice Group,it is our pleasure to share with our clients,friends,colleagues and readers across the globe the third edition of the Private Wealth Newsletter 2022.This edition features artic

2、les on a variety of relevant recent developments in the private wealth sphere.Our key feature is from Marnin Michaels,Wealth Management Partner and Head of EMEA Tax,which explores the key questions that individuals(and their advisers)should ask themselves on planning in light of growing political in

3、stability.The article includes a personal account and advice for planning in a new world order.It reminds individuals,amongst other things,to reflect on their options for relocation and the benefits of jurisdictional risk diversification,particularly in an unstable political environment where assets

4、 could be frozen or lose their value.These planning considerations may have been part of many global families calculus during prior periods or in specific jurisdictions,but now would appear to be more relevant for all families with international connections.Since our last edition,we have also publis

5、hed an update on Wong v Grand View&others,which is contained in this edition of the Private Wealth Newsletter.The article discusses the key takeaways to be drawn from the arguments raised during the litigation that serve as a warning to settlors wishing to preserve their familys legacy in perpetuity

6、 and focusses on interesting observations arising from the first instance ruling delivered in June 2022.Sanctions remain in the front of our minds as the war in Ukraine continues and so we also provide an update on recent EU and Swiss guidance pertaining to restrictions that should be borne in mind