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VIRTUAL ROUND TABLE

Indonesia Private Client 

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Description

The Virtual Round Table (VRT) series of talks will bring together senior industry practitioners to gain insight and understanding on legal, tax and private wealth issues facing UHNW clients across Asia, particularly in light of the continuing COVID-19 crisis.

In this VRT we shall consider the application of Indonesia divorce, succession and community property laws both within Indonesia and also where there is a foreign element.

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Three unique case studies will be considered:

Case Study No. 1

This case study will consider the application of Indonesia divorce, succession and matrimonial community property laws to assets held in Indonesia as well as foreign assets held in the US and via a trust in Hong Kong. Indonesia forced heir rules will be considered including potential "clawback" claims against trustees of foreign trusts. Application of Indonesia community property laws to foreign assets and foreign trusts will also be discussed and considered.

Case Study No. 2

This case study will consider the application of US divorce, succession and matrimonial community property laws to assets and property held in the US, Indonesia and through various trusts established in Hong Kong and Singapore. Potential US court orders varying the terms of foreign trusts will be considered, as well as application of US community property laws to assets held in Indonesia and through foreign trusts.

Case Study No. 3

This final case study will explore the practical process by which an Indonesian family may obtain residence or citizenship in the EU as well as potential long term succession and community property law implications.

 

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