John Riches has been busy in the last year conducting public policy work with STEP, working on the CRS. ‘It’s so messy,’ he says. ‘The domestic trusts register has taken things to a whole new level. It’s even more intrusive on fiduciary power holders, and casting the net more widely’. That sounds alarming, but Riches’ clients can rest assured: this is a lawyer with not only a legendarily cool head, but also with a direct line to these likely very impactful reforms. ‘We’re thinking about structural designs for the future and we’re working to add beneficiary powers to begin with. I’m up to date on the thinking with policy makers, and it’s helping me with clients.’ In terms of client work, he is seeing ‘growth in the family governance arena, making sure clients are transparent’.
Tax & Trust Lawyers