Family Businesses & Inheritance Pre-Planning
Veritas specialises in providing clear and practical advice to the regions’ largest family businesses, conglomerates, SMEs and start-ups. We understand the unique nuances of leading and operating a family business and the generational transition difficulties that can often arise. We provide the full range of legal services designed to support you at every stage of your journey. We advise private capital on investments in real estate, financial, non-financial, Islamic and conventional assets at home or abroad, whenever or wherever their interests are protected and nurtured the best and in accordance with the highest ethical standards. We provide specialist advice regarding best practices for business structuring with special focus on suitable corporate governance.
Our expertise includes the following:
- Tax planning and wealth structuring
- Inheritance advice and generational business and leadership transition
- Asset protection and governance
- Employment and share-holding incentives
- Tax planning and wealth structuring
- Inheritance advice and generational business and leadership transition
- Asset protection and governance
- Employment and share-holding incentives
Key Examples
- Advising one of the most respected and trusted businesses in the region on a family dispute following the passing of the founder. Our advice extended to the finalization and settlement of an amicable agreement between the beneficiaries and the withdrawal of all courtbased litigation, preserving confidentiality and privacy.
- Advising one of the wealthiest family groups of the GCC in relation to the re-structuring of its companies, including a US$ 1.5 billion re-financing and the divestment of under-performing assets to increase the overall performance of the family business.
- Advising an ultra-high net worth individual on the protection of his asset portfolio and defending claims from fellow beneficiaries of the estate, which comprised the majority portion of one of the largest diversified business groups in the Middle East.
- Advising a family group on various divestments, including a flagship 5* hotel, associated land, residences, and related infrastructure to an investment company based in the United Arab Emirates.
- Advising a prominent family holding group (worth in excess of US$1 billion) on a wholesale review and improvement exercise for their procurement procedure, including initial due diligence and fact gathering, introducing international best practice, compliance with local laws and regulations, document drafting, rollout and training.