GGI World Conference in Vienna, Austria - News and Information for Members and Friends of GGI
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GGI World
Conference
News and
Information
for Members
and Friends
of GGI
in Vienna,
Issue No. 90 | July 2017
Austria
© 2017 - GGI Global Alliance
GGI INSIDER | No. 90 | July 2017
2 CONTACT | EDITORIAL | CONTENT
Editorial
Dear GGI Members,
Dear Friends,
We have put together a great variety tween GGI members Horizon Group
of news items and interesting articles (China) and ACN Acender Capital
– just in time for the summer holidays. Network (Chile) at the latest GGI Lat-
In addition to providing you with brief in American Conference. Nörenberg
reviews of the successful GGI North Schröder are also updating their brand
American Regional Conference in Van- for the next generation with a name
couver, the GGI Australian Business change to nbs partners.
Summit in Sydney, and the GGI French- As the Trump presidency is still a hot
Speaking Chapter in Paris, we also hope topic, we explore the effect it has had
to pique your interest in a few other on Canada. We also have articles from
Contact upcoming events: GGI’s Nordic-Baltic India, the Netherlands, France and Ar-
Meeting in Leiden, the Netherlands; gentina, covering everything from his-
GGI Geneva Group International AG the German-Speaking Chapter in Kas- toric elections and their consequences,
Schaffhauserstrasse 550 sel, Germany; the GGI North American ultimate beneficial owners and inclu-
8052 Zurich Best Practices & Developing Leaders sive leadership.
Switzerland Conference in Pittsburgh, PA, USA; the Our Practice Groups continue to be
T: +41 44 256 18 18 GGI World Conference in Vienna, Aus- well represented, with articles encom-
E: info@ggi.com tria; and the GGI Litigation & Dispute passing a recent bankruptcy bill in Ma-
W: www.ggi.com Resolution Practice Group Extraordi- laysia, Spain and the golden visa, trusts
W: www.ggiforum.com nary Meeting in Miami, FL, USA. and their impacts in Brazil, and an
There are also some wonderful overview of the Indian Real Estate Act,
achievements from our members, in- 2016. We also look at the long-awaited
cluding: Lesley Gregory and Nick Da- adoption of the New York Convention
vis from Memery Crystal, who were on the recognition and enforcement
Disclaimer recently selected for inclusion in The of foreign arbitral awards by Angola,
Best Lawyers™ in the United Kingdom a new apprenticeship levy in England,
The information provided in this 2017; FPS, who accomplished a great and HM Revenue & Customs introduc-
INSIDER came from reliable ranking in the German legal journal tion of a new ‘requirement to correct’
sources and was prepared from ‘JUVE’. There was also cause for cele- for offshore tax matters in the UK.
data assumed to be correct; how- bration for GGI member firms in Paris We hope that you enjoy reading this
ever, prior to making it the basis and Orlando, when LBME Avocats and wonderful summer edition of INSID-
of a decision, it must be double- Rosenfield & Company, PLLC, both ER.
checked. Ratings and assess- added partners.
ments reflect the personal opinion News includes the collaboration be- Your GGI Team
of the respective author only. We
neither accept liability for nor are
we able to guarantee the content.
This publication is for GGI internal
use only and intended solely and
exclusively for GGI members.
If you wish to be removed from
the mailing list, send an email to
info@ggi.com. Alternatively, let us
know what you think about INSID-
ER. We welcome your feedback.
Contents
3
Contents Diary
EDITORIAL, CONTACT, DISCLAIMER......................................................................... 02
CONTENTS.....................................................................................................................03
➜ 08-10 September 2017
DIARY...............................................................................................................................03 GGI German-Speaking Chapter
UPCOMING GGI EVENTS Kassel, Germany
➜ GGI German-Speaking Chapter, Kassel, Germany | 08-10 September 2017............ 04 ➜ 15-16 September 2017
➜ GGI Nordic-Baltic Meeting, Leiden, The Netherlands | 15-16 September 2017........05 GGI Nordic-Baltic Meeting
➜ GGI Best Practices and Developing Leaders, Leiden, The Netherlands
Pittsburgh, Pennsylvania, USA | 21-23 September 2017��������������������������������������������� 06 ➜ 21-23 September 2017
➜ GGI World Conference, Vienna, Austria | 19-22 October 2017������������������������������������07
GGI North American Best
➜ GGI Litigation & Dispute Resolution Practice Group
Extraordinary Meeting, Miami, Florida, USA | 03-06 November 2017 ����������������������10 Practices & Developing
Leaders Conference
REVIEW OF GGI EVENTS Pittsburgh, PA, USA
➜ GGI North American Regional Conference, Vancouver, Canada ������������������������������11 ➜ 19-22 October 2017
➜ GGI Australian Business Summit, Sydney, Australia�������������������������������������������������13
➜ GGI French-Speaking Chapter, Paris, France������������������������������������������������������������ 14 GGI World Conference
Vienna, Austria
GGI NEW MEMBER FIRMS������������������������������������������������������������������������������������������ 16 ➜ 03-06 November 2017
GGI INTERNAL NEWS GGI Litigation & Dispute
➜ Collaboration between GGI Members in Asia-Pacific and Latin America ............. 19 Resolution PG Meeting
➜ Nörenberg Schröder becomes nbs partners........................................................................ 20 Miami, FL, USA
➜ Does size matter? – Positive Ranking of FPS...........................................................20 ➜ 10-12 November 2017 (TBC)
➜ Myla Remer becomes first female partner of Rosenfield and Company, PLLC ..... 21 GGI EasyMeet
➜ Memery Crystal's CEO and Chairman recognised by
Milan, Italy
The Best Lawyers™ in the United Kingdom 2017................................................ 22
➜ LMBE adds two new partners ��������������������������������������������������������������������������������� 23 ➜ 30 November-03 December 2017
GGI Asia-Pacific
COMMON INTEREST Regional Conference
➜ Inclusive Leadership.................................................................................................24 Bali, Indonesia
➜ Moving Skilled Workers to Canada – An Appealing ➜ 02-04 February 2018
North American Alternative in the Trump Era........................................................ 25 GGI PG Chairpersons Meeting
➜ Ultimate Beneficial Ownership in the Netherlands...............................................27 Zurich, Switzerland
➜ Macron’s Marvellous Medicine...............................................................................28
➜ 16-18 February 2018 (TBC)
➜ Argentina, on the Path to Investment.....................................................................30
GGI Middle East & Africa
GGI PRACTICE GROUP PAGES Regional Conference
DEBT COLLECTION, RESTRUCTURING & INSOLVENCY Marrakech, Morocco
Bankruptcy Bill 2016, Malaysia................................................................................ 32 ➜ 22 February 2018 (TBC)
GLOBAL MOBILITY SOLUTIONS GGI Indirect Taxes PG Meeting
The ‘Golden Visa’ for Spain...................................................................................... 33 Marbella, Spain
INDIRECT TAXES ➜ 22 February 2018 (TBC)
HM Revenue & Customs Introduce a New ‘Requirement to Correct’
for Offshore Tax Matters – Who Will this Affect?.......................................................34 GGI Global Mobility Solutions
LABOUR LAW PG Meeting
The Apprenticeship Levy in the UK: What Is It?....................................................... 35 Marbella, Spain
LITIGATION & DISPUTE RESOLUTION ➜ 22-25 February 2018 (TBC)
Angola approves its accession to the New York Convention.................................. 37 GGI ITPG Global Tax Summit
REAL ESTATE Marbella, Spain
Overview of the Indian Real Estate (Regulation and Development) Act, 2016...... 38
➜ 23-25 February 2018 (TBC)
TRUST & ESTATE PLANNING
Trusts and Their Impacts in Brazil...........................................................................39 GCG Capital M&A
Dealmakers Meeting
BOOK REVIEW................................................................................................................ 41 Marbella, Spain
Please refer to our website
for actualised information
and additional events:
www.ggi.com > Events.
GGI INSIDER | No. 90 | July 2017
4 UPCOMING GGI EVENTS Kassel, Germany Kassel, Germany | 08-10 September 2017 GGI German-Speaking Chapter: GGI and Art continue to go hand-in-hand This year’s event will be held in Kas- includes a private guided tour of this capital of the Brothers Grimm's Fairy sel, Germany, and is kindly hosted year’s exhibition. Tale Route due to the wonderful compo- by GGI member firm FACT GmbH Another option for those attending sitions from Wilhelm and Jacob Grimm. Wirtschaftsprüfungsgesellschaft. is a guided tour of the Wilhelmshöhe The brothers published their first book In addition to informative presenta- mountain park, a UNESCO World Heri- of fairy tales over two hundred years tions, the fringe social events offer a tage site since 2013. It is surely one of ago; wonderful stories that are still superb opportunity to meet fellow GGI the most impressive experiences that loved today, such as Rapunzel, Hansel members and strengthen relationships can be had during a visit to Kassel. The & Gretel, Snow White, and Little Red with existing contacts. architecture and landscape are a breath- Riding Hood, to name a few. If you’re planning to join us in Kassel, taking combination. Once reserved for GGI members may register online you will be lucky enough to be visiting princes, the castle, which was one of using the online registration link pro- the city during the fourteenth edition the few remaining buildings left stand- vided in the internal area of the GGI of the documenta. The documenta is ing after Kassel was razed by British website (www.ggi.com > Log In > GGI the world's leading contemporary art bombers in 1943, and the park are now Events > Upcoming Events > Locate exhibition, an occasion of great dis- a favourite destination for those seeking the Event > external link). The detailed tinction and a showcase for the latest relaxation. Fantastic views and insights draft programme for the meeting is also trends in international art. The option- make this tour a real pleasure. available here. Register soon as remain- al programme on Saturday afternoon During the 1800s, Kassel became the ing spaces are limited! Contents
5
Leiden, The Netherlands | 15-16 September 2017
GGI Nordic-Baltic Meeting:
TeekensKarstens is the host!
The fifth GGI Nordic-Baltic Meeting
will be held in Leiden, kindly hosted
by GGI member firm TeekensKarstens
advocaten notarissen.
The meeting promises to be a su-
perb opportunity for GGI members
from the Nordic-Baltic region to con-
nect or reconnect, to find out more
each other’s key competencies, op-
portunities and challenges. The meet-
ing is also open to those from outside
the region but who have business in-
terests or would simply like to explore
opportunities in the area.
Yes, we do realise the Netherlands
isn’t part of the Nordic-Baltic region.
However, TeekensKarstens have had
extensive experience with Nordic cli-
ents and two lawyers fluent in Swedish
help to man TK’s Nordic desk. They
are fully equipped to act as an active
partner to Nordic clients contemplat-
ing entry to the Dutch market, as well
as Dutch companies that do business
in the Nordic markets.
Only 30 minutes away from Am-
sterdam, Leiden is home to the oldest
and most prestigious university in the
Netherlands (Einstein was a regular
professor), as well as Rembrandt’s
birthplace. Certainly, this is is one of
the Netherlands' great cities. Leyden
in Dutch, it was the place America’s
pilgrims raised money for the May-
flower that sailed them to the New
World in the 17th century. The city is
a charming community located in the Leiden, The Netherlands
tulip-growing district of the Nether-
lands. are invited to join in the optional pro- tion link provided in the internal area
The programme we have planned is gramme, which includes a boat cruise of our website (www.ggi.com > Log In
a short one, officially starting on Friday with lunch, a sailing regatta on Lake > GGI Events > Upcoming Events >
morning, 15 September, at the offices Kagerplassen, and dinner in a local Locate the Event > external link). The
of TeekensKarstens and ending just restaurant. draft programme for the meeting is
after noon on Saturday, 16 September. GGI members who would like to also available here. We look forward
Those with a little more time to spare register should use the online registra- to welcoming you to Leiden!
GGI INSIDER | No. 90 | July 2017
6 UPCOMING GGI EVENTS Pittsburgh, Pennsylvania, USA | 21-23 September 2017 GGI North American Best Practices & Developing Leaders Conference This September, GGI is proud to turning to lead the Developing Lead- Conference will be held at a hotel wor- continue the tradition of the combined ers programme in Pittsburgh as well as thy of the history of Pittsburgh. The Best Practices & Developing Leaders an interactive joint leadership session Omni William Penn Hotel sits directly Conference in Pittsburgh. This is the between both groups of participants. in the centre of the city and has played 4th year of this one-of-a-kind-event, The GORUCK programme still stands a significant role throughout its history. and it will be one of the most engaging as one of the most memorable team- The hotel is known for hosting movie programmes we have put together to building programmes run at a GGI stars, heads of state and leaders of in- date. The host firms, Cohen & Grigsby event. Needless to say, we are thrilled dustry, and has just completed a reno- and Grossman Yanak & Ford, are ac- to welcome John back. vation to honour its 100th anniversary. tive members of GGI and are looking We will also continue to build on This event will no doubt be one to re- forward to welcoming participants to the momentum established at the Best member. GGI members who would like their historic city. Practices session at last year’s Confer- to register may still do so via the inter- Professor Barbara Tannebaum, from ence with regards to the exchange and nal area of our website (www.ggi.com Brown University, will be a featured presentation of firm measurables in > Log In > GGI Events > Upcoming speaker during this event. She is a re- the Benchmarking session led by the Events > Locate the Event > external spected authority on various forms of Best Practices Special Interest Group. link). The detailed draft programme communication and how they play a These are only some of the high- for the meeting is also available here. key role in our everyday lives. lights of the planned programme. You Pittsburgh is going to be great fun! See John Croft of GORUCK will be re- might also want to take note that the you there! Pittsburgh, Pennsylvania, USA Contents
7
Vienna, Austria
Vienna, Austria | 19-22 October 2017
GGI World Conference:
Vienna waits for you!
Just over 250 delegates have already
registered to join us in Vienna for the an-
nual GGI World Conference. Hosted by
four GGI member firms (Austin | BFP,
Contax, Hasberger_Seitz & Partner, and
Tramposch & Partner), we promise you
that this will be a spectacular event.
Billy Joel wasn’t off the mark when he
crooned, “When will you realise, Vienna
waits for you?”
Keynote Speakers
Our two Keynote Speakers, H.E. Ben-
ita Ferrero-Waldner and Prof Dr Hans-
Werner Sinn, will no doubt engage and H.E. Benita Ferrero-Waldner Prof Dr Hans-Werner Sinn
challenge you.
H.E. Benita Ferrero-Waldner – We are American & Iberian Regional Conference A career diplomat, H.E. Benita Ferre-
delighted to welcome H.E. Benita Ferre- in Madrid, and provided much food for ro-Waldner has been Secretary of State
ro-Waldner back as a Keynote Speaker. thought as she discussed “Latin America and Minister of Foreign Affairs in her
She was with us at last year’s GGI Latin- and the European Union Relations”. ...next page
GGI INSIDER | No. 90 | July 2017
8 UPCOMING GGI EVENTS
native Austria, and Commissioner of
the European Union (2004-2008). She
began her professional career in the pri-
vate sector in the 1970s and entered the
Austrian diplomatic service in 1984. In
1995, she was Head of Protocol to the
Secretary General of the United Na-
tions, Boutros Boutros-Ghali, and from
1995 to 2000, Secretary of State for For-
eign Affairs. In early 2000, H.E. Ferrero-
Waldner became Minister of Foreign
Affairs, a post she maintained until
October 2004. In 2000, she was also
President of the Organization for Secu-
rity and Cooperation in Europe (OSCE).
She has published numerous ar-
ticles, essays and books, including
‘Charting course in a changing world’
and ‘Development Cooperation - Chal-
lenges and Visions’ (‘La Cooperación
para el Desarrollo-retos y visiones’).
She has a doctorate in Law from the
Paris-Lodron University of Salzburg
(Austria) and an Honorary Doctorate
from the Lebanese American Univer-
sity (Beirut).
Prof Dr Hans-Werner Sinn – Hans-
Werner Sinn was President of the Ifo
Institute and Professor of Econom- Vienna – Saint Stephen's Cathedral
ics and Public Finance at the Univer-
sity of Munich until April 2016. He is of the International Institute of Public highlight of the event. We plan to pub-
a member of the Council of Economic Finance (IIPF). lish the meeting summaries in the next
Advisors to the German Ministry of Sinn holds honorary doctorate de- edition of INSIDER. If you are interest-
Economics as well as former president grees from the Universities of Magde- ed in taking part in one of the meet-
burg, Helsinki and HHL Leipzig Gradu- ings, please email the Chair running
ate School of Management and has been the meeting at the event. The following
honoured with the Maximilian Order. Practice Groups are planning to meet:
His fields of interest include the eco- Auditing, Reporting & Compliance
nomics of transition, risk and insurance, Business Development & Marketing
natural resources, monetary trade theory Corporate, Commercial & IP
and public finance. In these areas, he has Debt Collection, Restructuring & In-
published more than 300 scholarly and solvency
policy articles. He has published a dozen Global Mobility Solutions
monographs with more than 30 editions Governmental Affairs & Public Pro-
in six languages. They include titles such curement
as ‘Can Germany Still Be Saved?’, ‘Casi- Indirect Taxes
no Capitalism’, ‘The Green Paradox’ and International Taxation (ITPG)
‘The Euro Trap’. Labour Law
Litigation & Dispute Resolution
Practice Group
M&A
Real Estate
Meetings
Trust & Estate Planning
The following Special Interest
Vienna – “Fiaker”, horse-drawn carriages As usual, GGI Practice Groups and Groups are also planning to meet:
for city tours Special Interest Groups will be a major Best Practices for Professional Ser-
Contents
9
vice Organisations
Corporate Governance & Compli-
ance
Tax Controversy & Tax Audit Defence
GCG Capital M&A
Dealmakers Meeting
The second GCG Geneva Capital
Group M&A Dealmakers Meeting, a
meeting for all Geneva Capital Group
members (plus any GGI members in-
terested in M&A), will also take place Vienna – Town Hall
at this Conference on the Saturday
morning, 21 October 2017. na's artistic and musical masterpieces
alongside its cafe culture and vibrant
Workshops
epicurean scene. In Vienna, the coffee
house isn’t just a place to hang out,
but more of an institution. According
We welcome suggestions from to UNESCO, a morning spent with
members with regards to 90-minute a newspaper, a pastry and a strong
workshops on the Saturday morning. If espresso drink is officially a Viennese
you have a topic that you believe will cultural pastime. In order to help you
be of interest to our members, please enjoy this beautiful city to its fullest, we
email your suggestion to Linda Soriton have added a spectacular social pro-
(soriton@ggi.com), Head of Confer- gramme that includes:
ences & Events, as soon as possible. The Romantic Danube Valley,
‘Wachau’;
Optional Tours
Historical Vienna through Schloss
Schönbrunn, including a ‘Viennese
Strudel Show’; Vienna – monument of Johann Strauss,
Ornate and elegant streets and im- Jewish Vienna; the “Waltz King”
perial palaces set the stage for Vien- The History of the White Horses;
On the Trails of Great the Sunday and Monday evenings are
Musicians; included, as well as a group visit to a
Life and Death of the local vineyard for lunch and a wine-
Habsburg Dynasty, in- tasting on Monday. Delegates may
cluding a tour through transfer to Das Eisenberg with the
Vienna Coffee Houses; “Impressions of Burgenland” tour on
Belvedere Palace; Sunday. Alternatively, a free shuttle to
Vienna, City of Music; the hotel from Vienna will be provid-
and, last but not least, ed around noon on Sunday (only for
Impressions of Bur- pre-registered participants). A return
genland (this last tour shuttle back to Vienna will also be
will end in Das Eisenberg provided around noon on Tuesday, 24
on Sunday evening). September 2017.
As an added bo- If you haven’t already registered for
nus, Claudio G. Cocca the Conference, please do so as soon as
warmly invites all GGI possible using the online registration
members to visit his ho- link provided in the internal area of the
tel, ‘Das Eisenberg’, in GGI website (www.ggi.com > Log In >
Burgenland as part of GGI Events > Upcoming Events > Lo-
Vienna – great ferris wheel at the Prater amusement GGI’s Extended Social cate the Event > external link). “When
park Programme. Dinners on will you realise, Vienna waits for you?”
GGI INSIDER | No. 90 | July 2017
10 UPCOMING GGI EVENTS Miami, Florida, USA | 03-06 November 2017 GGI Litigation & Dispute Resolution Practice Group Extraordinary Meeting The Litigation & Dispute Resolution an outside cabin with an ocean view as of USD 25 per person per day, compli- Practice Group would like to continue well as an outside cabin with a balcony. mentary use of two beach chairs, an to build on its momentum of growth by Since the cost of the cabin would umbrella and beach towels per day, holding another Extraordinary Meeting already be covered with one registra- complimentary in-room wireless inter- in Miami during 3-6 November 2017. tion, those who would like to bring an net, 20% discount on all other food and This year, in a change to the usual ho- Accompanying Person may do so for a beverages (excluding happy hour and tel set-up, the Practice Group will hold nominal fee of USD 5. Alternatively, if breakfast), and a waived resort fee. its meeting aboard a 3-day cruise from two delegates are prepared to share a We hope you will be able to join us Miami to the Bahamas and back again. cabin, the second delegate’s registra- for this event in Miami. Practice Group If you are interested in playing a part tion is substantially reduced. members and any other GIG member in the programme, please contact the As there are several PG members interested in Litigation & Dispute Reso- PG Global Chairperson, Johan Lange- who will be flying in from other states lution are welcome to join. Please log laar (langelaar@tk.nl). or even countries, we have also organ- into the internal area of the GGI web- The fee for this will be identical to last ised group rates at the Tides Hotel on site to register (www.ggi.com > Log In year’s registration fee plus three nights South Beach. With amongst the larg- > GGI Events > Upcoming Events > Lo- in the hotel, and this time the registra- est standard rooms in Miami Beach, cate the Event > external link). The Early tion covers accommodation in an inside their oceanfront studio rooms with a Bird Registration Deadline is Friday, 1 double cabin. Upgrades are available for King Bed also include a breakfast credit September 2017. Contents
GGI EVENTS REVIEW 11
Vancouver, BC, Canada | 22-25 June 2017
GGI North American Regional Conference
A Conference with a View
It was a tale of trains, planes and au-
tomobiles for over 140 delegates to get
to the beautiful city of Vancouver, BC, for
the GGI North American Regional Con-
ference held on 22-25 June 2017. This
event was hosted by GGI member firm
Walsh King Chartered Professional Ac-
countants.
The event was held at the Fairmont
Hotel Vancouver, a historic luxury hotel
known as the ‘Castle in the City’ that
stands out in the young (just 131 years
old), modern city of Vancouver. On
Thursday afternoon, the International
Taxation Practice Group (ITPG) kicked
off the start of the Conference, with sev-
eral informative presentations focused
on the possible changes looming for View from the Vancouver Convention Center
the US tax system and the implications
this may have for cross-border transac- GGI’s Canadian members met a little ate how we view multiple generations in
tions with Canada. In addition, Jeffery bit before the official Welcome Recep- the workplace. Eric emphasised that the
L. Mowery (Mowery & Schoenfeld LLP) tion, in order to get to know each other future of work is about people and creat-
and Dennis L. Nerland (Shea Nerland a little better. As usual, Adam Crowson, ing a life that each of us can enjoy while
Calnan LLP) highlighted the process GGI CEO North America, introduced doing the work that we do.
and criteria for becoming a partner at several new members and candidates The second keynote, delivered by Er-
their respective firms and emphasised who were attending a GGI Regional Con- ick C. Christensen and Alexander Russell
the importance of growing and develop- ference for the first time. from Protiviti, focused on ‘Navigating
ing young talent. Friday opened with a Presidential Financial Intelligence in Today’s World.’
Welcome from Claudio G. Cocca, Chair- They highlighted the challenges of man-
man and Founder of GGI, followed by a aging the ever-changing landscape of
welcome speech by the host firm, Walsh compliance requirements and regulatory
King Chartered Professional Accountants, risks, and underscored the importance
represented by Kevin Walsh. Kevin took of building effective and sustainable
the opportunity to welcome everyone to compliance programmes. ...next page
Vancouver and to provide
some insight on the con-
ference venue and its resi-
dent ghost, the infamous
‘Lady in Red.’
The morning featured
two timely keynote speech-
es. Eric Termuende, a local
thought-leader on opti-
mising workplace culture,
started things off with his
speech ‘Rethink Work’ and
Keynote speaker Eric Termuende challenged us to re-evalu- Elegant Welcome Dinner
GGI INSIDER | No. 90 | July 201712 GGI EVENTS REVIEW
Host firm Walsh King Chartered Professional Accountants at the Gala Dinner at the Vancouver Art Gallery
To conclude the morning, Adam and explore new practice areas. In the enjoyed a delicious meal and cheerful
Crowson presented the Management Business Development & Marketing conversations with old and new friends
Report North America and News from Practice Group Meeting, Bhavik R. Pa- as the sun set over our shoulders to
GGI, including an overview of the ef- tel (Sandberg Phoenix & Von Gontard close a fantastic evening.
forts GGI is making to grow this region. P.C.) welcomed guest presenters Cheryl Saturday morning offered the attend-
The afternoon featured two sessions Bame (BAME Public Relations) and ees a third round of Practice Groups and
of Practice Group Meetings during Jonathan Fitzgarrald (Equinox Strategy special interest Workshops on the Glob-
which delegates had the opportunity Partners) to lead in lively discussions al Automotive Industry with Kenneth
to share technical insights, experiences on how to connect PR and business de- Rosenfield (Rosenfield and Company,
velopment opportunities. PLLC) and a look at where the Global
Friday was topped off with cocktails Opportunities are for your Clients with
GGI member firm and dinner a short walk away from the Valerie Kozikowski (PRA Global). Adam
Walsh King hotel at the Vancouver Convention Cen- Crowson (CEO of GGI North America)
Chartered Professional Accountants tre. The space overlooked the breath- led the workshop for candidates and
Advisory, Auditing & Accounting, taking Vancouver Harbour, Stanley Park, new members with colourful commen-
Tax and the North Shore Mountains. The tary by Randall Leff (Ervin Cohen & Jes-
Vancouver, BC, Canada first stop for all delegates and guests sup LLP). During these sessions, some
T: +1 604 687 20 03 was to the panoramic windows for pic- of the accompanying guests engaged in
W: www.walshking.com tures of the iconic Vancouver view and outdoor yoga on the Vancouver Court-
Jennifer Reid to watch the seaplanes take off and house concourse.
E: jreid@walshking.com land while sipping local wines and craft The morning was capped off with an
beers. As the live band played, everyone insightful keynote speech, ‘Creating Ac-
Daniel Stover challenging attendees to communicate with
More smiles at the Welcome Dinner at the hotel emotional intelligence
Contents13
countability with Passive-Aggressive
and Aggressive Communication,’ by
Daniel Stover of Integrated Leadership
Systems. Daniel had the entire room
engaged in exercises and discussions
relevant to the topic of communication.
Trigger questions included: ‘What are
some of the challenges of effective com-
munication?’, ‘What is your communica-
tion style when in a stressed state?’, and
‘How can you communicate differently?’
He challenged attendees to make a com-
mitment to hold themselves more ac-
countable at home and at work and to Dinner at the Vancouver Convention Center
continuously strive to communicate in
an emotionally intelligent manner. taking views of the city. the event with an impassioned speech
The afternoon offered delegates the The Conference concluded with a about Canada and his late father that
opportunity to get out and explore the Gala dinner at the Vancouver Art Gal- had everyone laughing, crying and
beautiful city of Vancouver. Many joined lery. The new Claude Monet’s Secret laughing again.
an organised city tour, others rented Garden exhibit was open for the at- The next GGI North American Re-
bikes and rode around the famous tendees’ private enjoyment before gional Conference is scheduled to take
Stanley Park seawall, and some took the group headed up to the roof for a place in Denver, CO, USA, on 21-24 June
on ‘Mother Nature’s Stairmaster’ (the gourmet meal, rousing conversation 2018. We hope that you will be able to
Grouse Grind) followed by some well- and a full dance floor. Michael Reiss join us there. Online registrations will
earned snacks, drinks and more breath- von Filski, Global CEO of GGI, closed be available before the end of 2017.
GGI Australian Business
Summit in Sydney, Australia
McCabes Lawyers hosted the GGI looked at the changes and impact the
Australian Business Summit on 15-17 technological revolution is having on
June 2017 in glorious Sydney, Austra- professional services firms, and what
lia. opportunities are available to services
The three-day event was attended organisations.
by nine member firms, and was held The second speaker for the event
in the McCabes’ offices in Sydney’s was former Wallaby (Australian Rugby
Central Business District.During the Union), Pat McCabe. Pat addressed
event, members were treated to some the audience over a boardroom lunch,
of Sydney’s finest dining locations, sharing his experiences with resilience
with the closing dinner was held at in the professional sporting arena and
Bennelong restaurant, located inside making the transition to becoming a
the Sydney Opera House. lawyer.
The keynote speakers covered two Pat also provided valuable insights
current issues that are affecting pro- into what motivates junior legal profes-
fessional services: technology and sionals and what he learnt about lead-
leadership. Ian Marshall presented ership and functioning as a team dur-
Pat McCabe, former Wallaby the topic, ‘Short fuse big bang’, which- ing his professional sporting career.
GGI INSIDER | No. 90 | July 201714 GGI EVENTS REVIEW
Members attended a Rugby Union
match at the close of the eventful sum-
mit: Australia v Scotland. Although the
match was a bitter disappointment for
the Australians, it was an enjoyable af-
ternoon.
The event was a great opportunity
for member firms to discuss and share
common issues and successes within
the professional services environment.
It also reinforced the relationships that
have been previously developed within
the alliance.
GGI French-Speaking Chapter | Paris, France, 6-8 July 2017
Paris is always a good idea!
A total of 40 French-Speaking GGI
members from all over Europe and
Canada joined us at the first ever
French-Speaking Chapter (“Sommet
Francophone”) which was held in the
fabulous city of Paris.
The meeting was held at the Westin
Paris-Vendôme Hotel, close to Place de
la Concorde and the Tuileries Garden.
A fabulous central location, minutes
away from the Louvre Museum, the Av-
enue des Champs-Elysées, and many
other attractions. ...next page
Contents15
Georges Troy Jean-Yves Larangot and Michael Skaarup
GGI member firm and host LMBE by a very interesting presentation com- Boutique des Vins, apparently a favou-
Avocats warmly welcomed all partici- paring M&A market trends in France rite local hangout of Jean-Yves Laran-
pants with a reception at their offices and Canada delivered by Stéphanie got.
located in the heart of the city. After Roy and Jean Sébastien Lebrun. Our GGI plans to continue running this
some great conversations with old and Keynote Speaker, Prof Michel De Wolf event, and will be emailing all French-
new friends, everyone hopped on the (from GGI member firm DGST Révi- speaking members in due course to
metro for a short underground trip seurs d'entreprises in Brussels) talked solicit opinions with regards to pre-
avoiding the busy streets of Paris to the about the opportunities for GGI mem- ferred locations and dates. Sugges-
river Seine. Here, we boarded Le Calife bers following on from Brexit. tions for 2018 include running the
for a private dinner cruise on the Seine, There were additional presentations event alongside the GGI Best Practices
which allowed delegates to see many by Georges Troy and Richard Monnier, & Developing Leaders Conference in
of Paris’ familiar sights from a different but perhaps one of the unexpected Quebec City.
perspective . . . including the Eiffel Tow- highlights of the day was the interac-
er’s night-time light show. The food, tive speed-networking session that
needless to say, was delicious. took place after lunch. Not only did GGI member firm
The meeting began on Friday morn- delegates have the opportunity to pres- LMBE Avocats
ing with a GGI Welcome by Michael ent their firms and expertise personally Law Firm Services
Reiss von Filski, Global CEO of GGI. within small groups, they could also Paris, France
Representing the host firm LMBE Avo- discuss current business opportuni- T: +33 1 43 12 80 80
cats, Jean-Yves Larangot and Michael ties. F: +33 1 43 12 80 90
Skaarup, also extended a warm wel- The event closed on Friday evening, W: www.lmbeavocats.com
come to the group. This was followed with wine-tasting and dinner at La
Speed networking Dinner at La Boutique des Vins
GGI INSIDER | No. 90 | July 201716 NEW MEMBER FIRMS
Canada Chile Colombia
Labranche Therrien BML Consultores FRG Auditores
Daoust Lefrancois Inc. Rosario Norte 31, Las Condes y Consultores S.A.S.
1190, Place Nobel, bureau 100 Santiago Calle 5 No. 38 - 25 Oficina 114
Boucherville, QC Chile Edificio Plaza San Fernando
Canada J4B 5L2 760042 Cali, Valle del Cauca
Colombia
T: +1 450 449 3930 T: +56 2 2981 5416 T: +57 514 50 33
F: +1 450 449 3978 E: iborquez@bmlconsultores.cl F: +57 514 50 33
E: ylabranche@roclab.net W: www.bmlconsultores.cl E: frg@frgauditores.com
W: www.ltdl.ca W: www.frgauditores.com
Company languages: English, Company languages: English, Company languages: English,
French Spanish Spanish
Contact person: Yves Labranche Contact person: Igor Bórquez Contact person: Julián Ricardo Ri-
Services: Advisory, Auditing & Ac- Services: Advisory, Auditing & Ac- vera Ríos
counting, Corporate Finance, Tax counting, Tax Services: Advisory, Auditing & Ac-
Additional offices: Laval (QC), counting, Corporate Finance, Tax
Montreal (QC), Trois-Rivières
(QC)
Yves Labranche Igor Bórquez Julián Ricardo Rivera Ríos
WE WISH TO EXTEND A VERY WARM WELCOME TO OUR NEW DISTINGUISHED MEMBERS.
Contents17
Italy Iraq UAE
Campagnola DaVinci Consulting Assurance Corporate
Advisers Services SRL Jaddriyah, District 925, Management Consultancy
Via Francesco Caracciolo 17 Street 34, Villa 26 Mezzanine Floor, behind NBAD
80122 Naples Baghdad Securities Building, Corniche Road
Italy Iraq Abu Dhabi
UAE
T: +39 081 2461730 T: +964 7901 441 306 T: +971 555 267 257
F: +39 081 2461722 E: haitham.elboukhary F: +971 262 808 81
E: ac@campagnolaadvisers.it @davinci-intl.consulting E: abbas@assurance.ae
W: www.studiocampagnola.net W: www.davinci-intl.consulting W: www.assurance.ae
Company languages: English, Ital- Company languages: Arabic, Eng- Company languages: Arabic, Eng-
ian lish lish
Contact person: Dr Aldo Campag- Contact person: Haitham El- Contact person: Abbas Qaiser
nola Boukhary Services: Advisory, Auditing & Ac-
Services: Advisory, Auditing & Ac- Services: Advisory, Auditing & Ac- counting, Corporate Finance, Fi-
counting, Corporate Finance, Tax counting, Tax duciary & Estate Planning, Tax
Dr Aldo Campagnola Haitham El-Boukhary Abbas Qaiser
WE WISH TO EXTEND A VERY WARM WELCOME TO OUR NEW DISTINGUISHED MEMBERS.
GGI INSIDER | No. 90 | July 201718 NEW MEMBER FIRMS
USA
Hopkins & Carley
The Letitia Building
70 South First Street
San Jose, CA 95113
USA
T: +1 408 286 9800
E: blund@hopkinscarley.com
W: www.hopkinscarley.com
Company languages: English
Contact person: Brendan Lund
Services: Corporate Finance, Law
Firm Services
Additional office: Palo Alto, CA
Searching for
GGI member firms
all over the world?
Visit www.ggi.com!
Brendan Lund
WE WISH TO EXTEND A VERY WARM WELCOME TO OUR NEW DISTINGUISHED MEMBERS.
ContentsGGI INTERNAL NEWS 19
Richrd He (CEO of Horizon Group) and Antonio Castilla (Chair- Antonio Castilla, Carlos Alvarez and Daniela Sirner
man of ACN) exchanging the logos that will be displayed in the
offices in Santiago and Beijing
Collaboration between
GGI Members in Asia-Pacific
and Latin America
Over the course of the last decade, ACN is a holding company founded in in 1997 and joined GGI in 2008. It is one
China has successfully built strong com- 1992 that brings together professionals of the largest professional organisations
mercial and investment relationships with a specialised approach to services in mainland China. Horizon Group's
with Latin American and Caribbean in the areas of corporate finance, trans- headquarters is in Beijing and it has 20
countries. actions, administration of funds and branches and more than 600 staff.
In June, GGI member firms Hori- administration of assets, among others. With their practical knowledge of do-
zon Group and ACN Corporate Finance They have more than 30 years of expe- ing business in the China and taking ad-
made the joint decision to invest in rience in the local and regional market, vantage of our business and professional
these footholds. At the recent GGI Lat- participating in more than 200 trans- network in Hong Kong, mainland China
in American Conference in Santiago de actions in the region, advising clients and Taiwan as well as overseas, they pro-
Chile, they signed a cooperation agree- around the world, and in a variety of in- vide diversified professional services for
ment, benefiting Chinese investors with dustries. Horizon Group was established clients.
a view to investing in Latin America. This
agreement establishes a joint platform
between ACN and Horizon Group to GGI member firm GGI member firm
seek, evaluate and recognise investment ACN Acender Capital Network Horizon Group
opportunities and provide assistance to Advisory, Corporate Finance, Tax Advisory, Auditing & Accounting,
each other and support their clients. Las Condes, Chile Corporate Finance, Fiduciary &
This unification will channel approxi- T: +56 22 263 8800 Estate Planning, Tax
mately USD 2 billion of investment W: www.acn.cl Beijing, China
over the course of the next five years. The Antonio Castilla T: +86 106 655 33 66
focus will mainly be towards Latin Amer- E: antonio.castilla@acn.cl W: www.horizongroup.com.cn
ica in various sectors and industries, Richard He
overall benefiting clients in both Latin E: richardhe@horizongroup.com.cn
America and China.
GGI INSIDER | No. 90 | July 201720 GGI INTERNAL NEWS
Nörenberg Schröder
becomes nbs partners
For 40 years, Nörenberg • Schröder Harald Schröder, were the starting of litigation, capital market related is-
in Hamburg has stood for a high level point of the company’s success. sues, investment funds, company law
of expertise and trustworthy, long-term The company is now slowly being and inheritance law.
collaboration. The company’s found- transferred to the next generation of Furthermore, nothing has changed
ers, attorney-at-law Frank Nörenberg partners. In this context they have de- about their commitment to being your
and public auditor and tax consultant cided to introduce a new name, new loyal and highly responsive GGI part-
logo and new website without giving ner firm in Germany. For further infor-
up their long history, well-established mation please visit their new website
client relationships and the achieve- (www.nbs-partners.de/en/) or contact
ments of their founders. Boris Michels (michels@nbs-partners.
In 2017, Nörenberg • Schröder be- de) directly.
came nbs partners. The letters nbs re-
late to their founding partners and at
the same time allow them to show their
international approach as well as their GGI member firm
cooperative way of working together nbs partners
with clients, other GGI members and Auditing & Accounting, Law Firm
as a team. Services, Tax
The focus of their work remains in- Hamburg, Germany
ternational accounting and auditing, T: +49 404 419 60 01
tax compliance / structuring and in- F: +49 40 44 19 60 55
ternational taxation, eg. cross-border W: www.nbs-partners.de/en/
structuring or transfer pricing docu- Boris Michels
mentation. Their legal department has E: michels@nbs-partners.de
Boris Michels proven strong expertise in the areas
Does size matter?
Positive Ranking of FPS
Does the size of a law firm really mat- would we perceive the biggest one as However, it is also true that the size
ter when it comes to the quality of its providing the best quality? Probably not of a law firm proves that a consider-
services? This was the question posed … able number of clients place their con-
by Michael Reiss von Filski in the March The above is definitely true! Everybody fidence in the respective firm and that
edition of this magazine. His conclu- knows small entities with excellent, re- they trust its legal performance (‘So
sion is that – with respect to quality of nowned lawyers. This is also proven on many clients trust them, they must be
services – the size of a law firm is over- a daily basis by GGI members. Further- good’). This applies, in particular, to
estimated by far. When we think of res- more, the services rendered by a large law firms specialised in advising and
taurants, hotels, shopping malls etc., law firm do not always justify their fees. representing small and mid-size com-
Contents21
panies, as they are dependent on many terms of turnover (52 million EUR in
more clients compared to law firms 2016). Based on the number of law-
specialised in advising multinationals yers, FPS was ranked 12th (117 lawyers,
and companies with thousands of em- expressed in full-time equivalents) and
ployees. was even ranked second in terms of av-
For the first time, the leading German erage turnover per lawyer.
legal journal ‘JUVE’ has published a FPS lawyers learned from this rank-
size-based ranking of German law firms ing that they obviously – at least now
specialised in advising small and mid- and then – do a great job!
size enterprises. Let me return to Michael Reiss von
The ranking turned out to be very Filski: in his article, he stated that he
positive for FPS: Out of the 50 biggest enjoyed one of the best steaks tartare
of such law firms, FPS ranked 11th in he had ever had in a small restaurant
in London. Congratulations! I think we
can all relate to this and share similar
GGI member firm experiences.
FPS However, in view of the number of
Dusseldorf, Frankfurt, Berlin & Burger King restaurants globally, it Dr Reinhard Nacke
Hamburg, Germany seems to me that people are generally
T: +49 211 302 01 50 happy with the fried steak tartare served of 89 restaurants. This shows a certain
W: www.fps-law.de in huge restaurant chains. If they are public control over entities which due
Dr Reinhard Nacke not happy, this may result in a press de- to their size are in the public interest.
E: nacke@fps-law.de bacle, boycott and, as happened in Ger- In this respect, size matters to a certain
many in 2014, the immediate closure degree.
Myla Remer becomes first
female partner of Rosenfield
& Company, PLLC
‘It is with great pride and pleasure technical ability are one of our firm’s She joined Rosenfield & Company,
that we announce the admission of greatest assets! We greatly look for- PLLC, in 2011 and was promoted to
Myla Remer to the partnership of our ward to her new role in our firm and her current position in 2012.
firm. Myla has been responsible for to watch her develop even more lead- Myla has a breadth of experience
the structure and growth of our firm’s ers!’ – Ken Rosenfield, CPA, Managing working with auto dealerships. Pro-
Attest Team which has grown from Partner. viding not only preparation of finan-
one full time staff to seven in just a Myla is a California-licensed CPA cial statements, Myla has worked on
few short years. Myla is the first fe- and member of AICPA with over a de- complex debt structures and equity
male member of our firm, and the first cade of experience in public account- transactions for some of the nation’s
to go through our formal Partner De- ing, specialising in audit and attesta- largest dealership groups. Myla has
velopment programme. It has been a tion services. After receiving her MBA also provided such consulting servic-
joy to watch her career with our firm in Accounting, with honours, from es as Internal Control and Accounting
blossom from a senior staff member Hawaii Pacific University, she began Process Reviews. She has led audits of
to our Attest Team Leader in such a her public accounting career with a dealerships with USD 100 million to
short time. Her leadership skills and Big Four firm. ...next page
GGI INSIDER | No. 90 | July 201722 GGI INTERNAL NEWS
billions in revenue, including complex State University in Ukraine.
enterprises with dozens of related en- ‘It is both deeply humbling and ex-
tities. tremely gratifying that my hard work
At Rosenfield & Company, PLLC, and contributions to the firm have
Myla provides a full spectrum of as- been recognised by being awarded a
surance services from traditional au- partnership. I am very excited to begin
dit and review services to compila- this next phase of my career, and am
tions, employee benefit plan audits, more committed than ever to provide
consulting and fraud investigation. the best possible service and results
Highly detail-oriented, Myla is known to our clients.’ – Myla Remer, CPA,
as a creative problem solver, who de- MBA, Partner.
livers innovative solutions to clients Since 1996 Rosenfield & Company,
to reduce risk and improve operating PLLC (one of the first accounting firms
procedures and profitability. to specialise in the automotive indus-
A native of the former Soviet Union, try), has continually strengthened its
Myla is also fluent in Russian and has skillset in several niche accounting
a Masters in Biophysics from Kharkov industries. Their unique expertise and
deep bench strength sets them apart Myla Remer
from other CPA firms, making them
GGI member firm one of the leading CPA firms serving and efficient work to clients while still
Rosenfield & Company, PLLC Automobile Dealerships, Manufac- offering access to the same resources
Advisory, Auditing & Accounting, turers and Distributors, Publishing provided by large international firms.
Tax Companies, Broker/Dealers, Cruise Their dedication and expert abilities
Orlando, FL, USA Lines and other businesses and high keep them agile and attuned to meet-
T: +1 407 985 2585 net worth individuals. In addition, ing your company’s business needs.
W: www.rosenfieldandco.com they have staff certified in Business As a CPA firm, their services are offered
Tara Carapellucci Valuations and in assisting in Complex globally to clients, with offices located
E: tara@rosenfieldandco.com Litigation and Bank Workout matters. in Orlando, Florida; New York City; and
They take pride in providing precise Florham Park, New Jersey.
Memery Crystal's CEO and
Chairman recognised by
The Best Lawyers in the
™
United Kingdom 2017
Memery Crystal is delighted to an-
GGI member firm W: www.memerycrystal.com nounce that Lesley Gregory and Nick
Memery Crystal LLP Nick Davis Davis were recently selected by their
Law Firm Services E: ndavis@memerycrystal.com peers for inclusion in The Best Law-
London, UK Lesley Gregory yers™ in the United Kingdom 2017.
T: + 44 (0) 207 400 3217 E: lgregory@memerycrystal.com Lesley was selected in the practice
area of Corporate Finance Law and Nick
Contents23
was selected for Corporate Finance Law
and Mergers & Acquisitions Law.
Their inclusion in the sixth edition is
a testament to the continued high pro-
file work that Lesley, Nick and their cor-
porate team are involved in.
Memery Crystal is a specialist inter-
national law firm based in London with
a well-established history of acting for
clients in the corporate sector.
As an industry-leading advisor in
AIM, Memery Crystal has again been
included in ‘Band 1’ in the most recent
edition of the Chambers UK legal direc-
tory.
Furthermore, the corporate team
is also ranked in ‘Band 2’ for M&A in
Chambers UK. Nick Davis Lesley Gregory
LMBE Avocats
adds new Partners
LMBE law firm renews its digi- based on the evolution of its position panies in the areas of the industry,
tal universe with a new website and as reflected in its new logo, ‘LMBE - telecommunication, publishing distri-
strengthens its Litigation/Insolvency Legal Minds Business Experts’. bution, logistics, financial institutions
department with the arrival of Céline Céline Dilman joined LMBE, the Pa- and real estate.
Dilman and its M&A and Financial risian independent one-stop law firm, Stéphanie Roy joined LMBE in Feb-
Law departments with the addition of in January 2017. She is an experienced ruary 2017 as M&A Partner. Stéphanie
Stéphanie Roy. litigator and, as such, represents her is primarily active in the field of merg-
The firm updates its digital uni- clients before both civil and commer- ers and acquisitions, private equity,
verse with a brand new website (www. cial courts. She focuses on commer- investments funds and securities law.
lmbeavocats.com) and its image cial and corporate matters, as well Her vision and experience is highly
as alternative dispute resolution. She sought after in litigations relating to
has also developed expertise in mat- such areas of law. She advises a clien-
GGI member firm ters relating to reorganisations and tele of listed and/or family groups in
LMBE Avocats insolvencies of distressed companies. the areas of consumer goods, indus-
Law Firm Services In this context, she assists and repre- try, telecommunications, real estate
Paris, France sents not only distressed companies, and financial services.
T: +33 1 43 12 80 80 but also their creditors and potential Stéphanie is often described as a
M: +33 6 85 90 35 95 investors. Her practice is focused on lively person and sharp professional.
F: +33 1 43 12 80 90 commercial real estate matters, both She favours a tailor-made strategic
W: www.lmbeavocats.com on the transactional side (negotiation approach integrating anticipation, pi-
Celine Dilman and drafting of commercial leases) loting and follow-up in order to pre-
E: cdilman@lmbeavocats.com and on the litigation side (commercial serve to a maximum extent the time
Stéphanie Roy lease renewal, eviction indemnities, and interests of her clients. Stéphanie
E: sroy@lmbeavocats.com and termination clauses). She advises is involved in training in the field of
a clientele of French groups and com- ...next page
GGI INSIDER | No. 90 | July 201724 COMMON INTEREST
contract law and business law. She
also uses her expertise for innovation,
being involved in the new crowdfund-
ing regulation, lobbying efforts for
legal reforms, and is also involved in
think tanks for economical and legal
outcomes.
In 2017, LMBE includes 40 attor-
neys and lawyers among whom are 16
partners, qualified to practice in all ar-
eas of business law.
Its organisation in different clus-
ters allows the needs of its French and
international clients to be addressed
pragmatically and efficiently based on
local market understanding.
LMBE law firm has a tailor-made
approach, of which its utmost priori- Stéphanie Roy Celine Dilman
ties are:
Providing a high-quality service in innovative legal tools, such as debt purpose of capping financial penalties
every legal field it serves; investment funds, blockchain or for companies sued by dismissed em-
Maintaining great flexibility and crowdfunding; and ployees and to allow businesses more
reactivity in order to promote the Having a flexible and competitive flexibility to define internal working
strategic interests of its clients; billing policy, accompanying the rules; in other words, to make it easier
Developing long-term relationships long-term developments and suc- to hire and fire people. This fresh ap-
personally with its clients; cesses of its clients. proach should soon be strengthened
Performing an in-depth follow-up LMBE stands ready to answer the by other reforms expected for the end
through the personal involvement needs that should arise from the of 2017, in the areas of tax (a decrease
of its partners; awaited economic reforms and growth in the tax rate on capital gains result-
Providing high value-added support announced by the new President of ing from the sale of securities) and
as a tailor-made approach driven by the French Republic, Emmanuel Ma- the French retirement regime. A major
seasoned partners; cron. By the end of August, French la- improvement in French financial regu-
Steadily driving its expertise onto bour law should be reformed for the lations should follow soon as well.
Inclusive Leadership
By Akshya Chandra reacting, matters the most. Imagine is no right or wrong approach, the
a situation in which you have gone only difference is being conscious
Among all the different roles played out for a day-long offsite trip with towards the situation.
by a person, one of the most important your team. There is fun and enjoy- 2. The capability to let go of what one
is that of leader. A person has to en- ment throughout the day, and as the knows the best: After working for over
act leadership both in their personal as day proceeds to an end the team a decade or more, every one of us de-
well as their professional life. However, starts winding up. The place is all velops some expertise and strengths.
only those who are inclusive leaders clean, however as you begin to leave At this stage, again, there are two op-
earn respect and attract followers. you find a paper napkin lying on the tions: firstly to restrict oneself to this
Let us understand what it takes to be ground. This paper napkin holds expertise, and secondly to train oth-
an inclusive leader: no relevance in your life. You could ers in whatever one knows the best.
1. An ability to respond: There are situ- react to this situation by just ignor- In other words, creating a replica of
ations day in and day out where how ing it and moving on, or picking it oneself not only at the skill level but
you are responding to it, rather than up and throwing it in a bin. There also at the attitude level. The second
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