UPDATE ON INTERNATIONAL PLANNING ISSUES LUXEMBOURG
Decision-making and risks [ ROBERT HUNTER ]
AN ENGLISH trust lawyer decided to assist a client in fraud, but strongly denied
Living with the new transparency
[ MARCEL JOUBIJ ]
SERVICE PROVIDERS have seen many changes. They need to
consider the question, “Even if it’s legal, do you want to do this?” Information is now widely available – to tax authorities in particular. On 1 March 2004 the Netherlands introduced information- gathering requirements. One result is that smaller firms are not surviving. Banks are refusing to work with small trust companies. A co-operative of several trust companies may provide a solution.
impropriety. A naval commander decided that the radar screen showed a missile, though he had no way of distinguishing the signal from that of an aircraft. Clever people do foolish things. But the commander was right, though how he made the decision was mysterious. We make decisions by the interaction of
the unconscious experiential system and the conscious logical system. We have evolved to see threats more than opportunities: a loss has a deeper psychological effect than a profit. A hope is overvalued. The gambler’s last fling is creative desperation. Logical thought has its shortcomings. For chess masters the experiential brain gives rapid answers by situation recognition: it is an important part of assessing risk. Conscious reasoning often justifies situation recognition. There is a distinction between explanation and judgement: one can ‘mistake the shadow for the prey’. True expertise is about knowing the limits of what you know.
THE MARSHALL ISLANDS Corporate Registry
start your business in the
JURISDICTION OF CHOICE
The Republic of the Marshall Islands (RMI) is the leading jurisdiction for asset management, vessel ownership, real/ intellectual property holdings, and initial public offerings/publicly traded companies. A significant number of RMI companies are publicly traded on exchanges worldwide.
Services (Switzerland) AG in affiliation with the Marshall Islands Maritime & Corporate Administrators
tel: +41 44 268 22 11
zurich@register-iri.com
www.register-iri.com
The ITPA Green Book 2017
www.itpa.org
025
IRI Corporate & Maritime
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