Over the past years, Asian economies have witnessed unprecedented growth and today these economies are featured as “must-do” business destinations of the 21st century. Twelve of Australia's fifteen largest markets are now within the Asian region with a total combined trade value in excess of $500 billion. In today’s rapidly changing world, Australia and Asian business relationships are probably more vital than ever before. However, Australia and Asia are very different markets and Asia within itself epitomizes diversity. On one hand, such heterogeneity brings challenges for cross-border business dealings but on the other creates a plethora of opportunities for professional service firms (e.g. management consultants, law firms etc.). The key to success lies in acknowledging and tackling the cultural and business challenges of these different worlds and the smaller ones within. Within Australia, South Australia has been increasingly making the right noises in global/Asian business corridors – be it for energy, F&B and tourism to name a few. What does this mean for lawyers in South Australia? How can they create and act on mutually beneficial opportunities with some key Asian markets such as Japan & ASEAN (incl. Singapore, Malaysia)? This seminar is IGPI’s original and fresh perspective on the same based on its rich and exhaustive Asian advisory experience.
1. International Wills (2015 Wills Act amendment) dealing with offshore assets;
2. Requirement to check the applicable jurisdiction;
3. Law of the place where assets are held will determine how property is transferred or disposed of;
4. Even with a registered Australian Court order the logistics of effecting a transfer or a sale may be complex;
5. Understand difference between civil law countries and common law countries;
6. Understand what is a notary and the need for assistance of a Notary.