Archive for the ‘Europe’ Category

Surviving Tax: How to Face the Complexities of Tax in Europe

Tuesday, January 11th, 2011

Patrick Ellingsworth, the Chairman of the marcus evans European Tax Summit 2011 addresses some of the many issues troubling tax directors in Europe.
Interview with: Patrick Ellingsworth, Former Chair Taxation Committee, BIAC-OECD, Trustee, IBFD

Montreux, Switzerland, January 11, 2011 – FOR IMMEDIATE RELEASE

Complexities and opportunities seem to multiply constantly when it comes to tax. Trying to address an ever changing tax environment, changing regulation and legislation, and pressures to be more transparent and commercially viable are taxing taxation executives. Patrick Ellingsworth, the Chairman of the marcus evans European Tax Summit 2011 in Montreux, Switzerland, 13 – 15 March, shares his thoughts on the challenges facing tax executives, how they can minimise their exposure to tax risks and the latest developments in transfer pricing.

What are the top tax risks in Europe?

Pat Ellingsworth: A major risk relates to the increased coordination of tax authorities. This is impacting the exchange of information practices between countries, but also, the tax authorities are exchanging information about tax planning techniques and how taxpayers have been structuring their businesses to minimise taxes. The exchange of information and coordination of techniques has made it more difficult for taxpayers to know what works and what does not.

The principal technique for dealing with this is to engage actively with tax authorities, to know what concerns them and what matters they are coordinating on. When there is a dispute they will know how to approach and resolve issues, and what areas authorities are likely to focus on in an audit. Exchange of information with tax authorities is generally a good idea, as long as the tax administration is forthcoming with respect to their perspective as well.

The other risk is what I call the “US risk”; the US has for a long time had very detailed tax rules on just about everything, and that practise has been taken up by a number of other jurisdictions in Europe. The tax authorities are each adding their variation to the rules, and as a result, taxpayer planning across borders is more complex and somewhat less certain.

What are the major developments in transfer pricing at the moment?

Pat Ellingsworth: The major one is the broad reconsideration of the taxation of intangibles, brands and the like. It is not clear how this will turn out, but more coordination among tax authorities is inevitable. Another development is the increased emphasis of tax authorities on documenting transfer pricing positions in advance. Adjustments have been proposed by tax authorities solely on the grounds that the taxpayer did not file the documentation at the time the audit commenced.

What are your projections for the coming few years?

Pat Ellingsworth: Two areas are going to be major topics for discussion, one relating to permanent establishments and whether or not taxable in the other countries, and if they are, what is the computation of the income. The OECD has two major projects dealing with this and companies will have to adapt practises to deal with any new rules.

The second area is value added tax; Europe is finally looking at whether cross-border rules are coordinated and efficient. This is especially welcome for some companies, as value added tax is a very expensive proposition and the ability to administer it more efficiently would significantly improve cost structures.

Contact: Sarin Kouyoumdjian-Gurunlian, Press Manager, marcus evans, Summits Division

About the European Tax Summit 2011

This unique forum will take place at the Fairmont Le Montreux Palace, Montreux, Switzerland, 13 – 15 March 2011. Offering much more than any conference, exhibition or trade show, this exclusive meeting will bring together esteemed industry thought leaders and solution providers to a highly focused and interactive networking event. The summit includes presentations on how to respond to the changing tax environment, business restructuring, averting double taxation and achieving true tax efficiency.

For more information send an email to Daniela Trojakova at summitspr@marcusevanscy.com or visit the event website at http://www.taxsummit.com/media_gtm_pe

marcus evans group – finance/insurance sector portal

Please note that the summit is a closed business event and the number of participants strictly limited.

About marcus evans summits

marcus evans Summits are high level business forums for the world’s leading decision-makers to meet, learn and discuss strategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity to individually tailor their schedules of keynote presentations, think tanks, seminars and one-to-one business meetings. For more information, please visit www.marcusevans.com

All rights reserved. The above content may be republished or reproduced – kindly inform us by sending an email to summitspr@marcusevanscy.com

Private Wealth Management Executives Shared Best Practices at the Elite Summit 2010, organised by marcus evans

Wednesday, November 24th, 2010

A Unique Summit, Run by an Established Event Organiser

15-17 November 2010 | Fairmont Le Montreux Palace | Montreux | Switzerland

As the aftershocks of the economic crisis continue to disrupt markets worldwide, some of Europe’s top private wealth management industry executives came together at the recent marcus evans Elite Summit 2010, the leading private wealth management event, to share insights and strategies for unearthing the opportunities in today’s highly volatile investment landscape.

The Elite Summit (www.elitesummit.com/GTMpr) is a premium biannual forum for key decision makers from Europe’s most prominent family offices, trusts, foundations and endowments. The event focused on key wealth planning priorities, investment management efficiencies and lifestyle enhancements. The Elite Summit allowed participants to increase their depth of knowledge in critical areas pertaining to family wealth, while having the unique opportunity to take part in one-to-one meetings with leading wealth management service providers.

The summit attendees followed a personalised agenda designed to maximise their limited time and to effectively meet their business needs and interests. Keynote Speakers included:

- Constantinos G Grigoriades, CIO, Alpanco
- Denise Kenyon-Rouvinez, PhD, Head of International Family Business & Philanthropy, RBS Coutts BankDaniel Mateos, Director, Werner Capital
-Marc A Moret, LLM, Founder, Lobnek Wealth Management
- Osmond Plummer, Swiss Correspondent, Wealth Briefing, Managing Director, Wealth Coaching
- Russell Prior, Executive Director, Enterprise & Philanthropy Development, Charities Aid Foundation
- Dr Wolfgang Seidel, Finance Professor, ESCP Europe Business School
- Dr jur Frederick Metz Shepperd, Managing Director, Shepperd Investors

Testimonials

“Great organization, quality speakers combined with the opportunity to network with other family offices.”

Investment Manager, Cluster Family Office

Very enjoyable and educational. Love to join next year.
Vice President, KIRKBI A/S

“At marcus evans, it is all about total quality management, all efforts are geared towards achieving excellence, highly committed and entrepreneur staff, great selection of speakers, that make the venue a value proposition to all.”

Managing Partner, Coris Family Office

“Great organisation, great networking, the best by definition!!”
CIO, Prisminvest SA

marcus evans Summits (www.marcusevans.com), produces high level business platforms for the world’s leading decision-makers. These dynamic and innovative forums initiate and develop business relationships one to one between director and C level practitioners from the world’s most influential organisations and with leading product and service suppliers. marcus evans Summit’s guarantees an exclusive format which enables participants to achieve the maximum amount of business and knowledge interaction over a three day event in a stimulating environment.

Please note that the Elite Summit is a closed business event and the number of participants is limited.
For more information

Daniela Trojakova
Marketing Manager
Tel: +357 22 849 380
Email: summits@marcusevanscy.com
www.elitesummit.com/GTMpr
www.marcusevans.com

Prosperity Capital Management on Russia as an Investment Hot Spot

Thursday, October 14th, 2010

Liam Halligan from Prosperity Capital Management Ltd, shares his views on why Russia is a top investment destination.

Interview with: Liam Halligan, Chief Economist, Prosperity Capital Management Ltd

Nicosia, Cyprus, October 5, 2010 – FOR IMMEDIATE RELEASE

Russia is an incredible combination of extremely low valuations, massive returns and the prospect of ongoing good returns, highlights Liam Halligan, Chief Economist at Prosperity Capital Management Ltd. There are not that many markets which offer investors all three. From an asset management firm sponsoring the marcus evans Elite Summit 2010, Nordic Pensions & Investments Summit 2010, Investment Consultants Summit 2011 and European Pensions & Investments Summit 2011, Halligan uncovers why family offices should consider investing in Russia and which assets could provide real value to them.

Why do you recommend investing in Russia?

Liam Halligan: Russia is a seriously underrated investment destination. Even though there are risks to investing there, they are very much reflected in the prices. We have been focusing on Russia since 1996, where in this period, our main fund returned an average of 23 per cent in dollars annually. Our special situations fund, which launched in 1999, has returned 43 per cent a year. This was the best performing fund in the world in any asset class over that period of time. Both are open ended funds which have maintained liquidity respectively, on weekly and monthly terms.

Instead of relying on general cliches which have been presented by the Western media, sometimes investors have to make up their own minds about where is a good place to invest and where is not.

What makes Russia so special?

Liam Halligan: There is an incredible combination of extremely low valuations, massive returns and the prospect of ongoing good returns. Russia is currently trading at seven and a half times its earnings, which is the lowest of any major stock market in the world and yet over the last 10 years, it has been the best performing market in the world. Even in 2009 when the economy contracted the market went up by 129 per cent.

That is what makes Russia special. It is a very resource rich country, not only in hydrocarbons, but also in terms of human capital, talent and education, yet considered less developed than some emerging markets. A great deal has changed in Russia in the last 20 years but Western investors have not yet woken up to that.

Where does the real value in Russian investments lie?

Liam Halligan: The real value lies on the second and third tiers, amongst companies that are restructuring in sectors that are consolidating.

Russia is emerging as a major retail market and will soon be the largest in Europe. We like Russia’s domestic power sector. Their electricity market is the fourth largest in the world. We believe that this sector will continue to be a source of significant gains and is a good way of gaining exposure to domestic growth.

While the Western world continues to stumble and register at best only sluggish growth, emerging markets will continue to surge, with Russia central to that growth; they will need energy as they go through an industrialization phase.

What long-term investment strategies would you recommend?

Liam Halligan: My message to Chief Investment Officers and family office directors would be: Get into investments that governments cannot print more of. The only way some of the old industrialized economies can get out of their debts will be by inflating their currency. The Western world is going to be inflating away its debt and de-leveraging. Long-term investors should be looking at low leverage countries with low debts, where companies and consumers have little debt and there are lots of tangible assets. A country that really stands out under both of those headings is Russia.

Contact: Sarin Kouyoumdjian-Gurunlian, Press Manager, marcus evans, Summits Division

Tel: + 357 22 849 313
Email: news@marcusevanscy.com

For more information please visit the event websites below:

Elite Summit 2010: http://www.elitesummit.com/media_GTM_lh
Nordic Pensions & Investments Summit 2010: http://www.nordicpensions-summit.com/media_GTM_lh
Investment Consultants Summit 2011:

http://www.investmentconsultantseurope.com/media_GTM_lh

European Pensions & Investments Summit 2011: http://www.epi-summit.com/media_GTM_lh

About marcus evans Summits

marcus evans Summits are high level business forums for the world’s leading decision-makers to meet, learn and discuss strategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity to individually tailor their schedules of keynote presentations, think tanks, seminars and one-to-one business meetings. For more information, please visit www.marcusevans.com

All rights reserved. The above content may be republished or reproduced – kindly inform us by sending an email to news@marcusevanscy.com

About Prosperity Capital Management Ltd

PCM is the world’s largest Russia-focused asset manager with $4.5bn AUM. All the money we manage derives from outside Russia and our clients include family offices, private banks and sovereign wealth funds.

www.prosperitycapital.com

marcus evans Summits announces Daniel Mateos , keynote speaker at the Elite Summit 2010

Tuesday, October 12th, 2010

12 October 2010

marcus evans Summits, is pleased to announce Daniel Mateos as the Keynote Speaker at the Elite Summit, on the 15 – 17 November 2010, taking place at the prestigious Fairmont Le Montreux Palace, Montreux, Switzerland.

The Elite Summit addresses the most current wealth management trends and provides attendees with fresh perspectives on adapting effectively to global changes and opportunities to sustain, grow and preserve family wealth. Over three days, a carefully scheduled series of presentations, case studies and one-to-one business meetings will provide you with strategic advice as well as networking opportunities with key decision makers from the most prominent family offices, trusts, foundations and endowments in Europe.

Daniel Mateos, Director of Werner Capital will be presenting on Why Emerging Market Wealth is Invested in Real Estate. Also adding to this year’s cutting edge programme, we have some of leading family office professionals in Europe offering their insight on Strategic Partnerships, Portfolio Safeguarding, Optimal Governance Structures and Growing, Protecting & Transferring Wealth amongst other key issues. Summit Chairman Todd Benjamin, Former Financial Editor, CNN International will be joined by keynote speakers including Constantinos G. Grigoriadis, CIO, Alpanco; Alexander Arnbäck, Manager, Passive Management and Russell Prior, Executive Director, Enterprise & Philanthropy Development, Charities Aid Foundation.

This year’s Elite Summit audience includes Presidents, Chairmen, Chief Executive Officers, Chief Investment Officers, Vice Presidents and Directors of Single-Family Offices, Multi-Family Offices, Trusts, Foundations and Endowments as well as Sponsors offering a wide range of products including Wealth & Asset Management, Integrated Planning, Lifestyle Planning, Legal Services, Insurance and Philanthropic Services.

marcus evans Summits (www.marcusevans.com), produces high level business platforms for the world’s leading decision-makers. These dynamic and innovative forums initiate and develop business relationships one to one between director and C level practitioners from the world’s most influential organisations and with leading product and service suppliers. marcus evans Summits guarantees an exclusive format which enables participants to achieve the maximum amount of business and knowledge interaction over a three day event in a stimulating environment.

Please note that the Elite Summit is a closed business event and the number of participants is limited.

For more information
Daniela Trojakova
Marketing Manager
Tel: +357 22 849 380
Email: summits@marcusevanscy.com
www.elitesummit.com/GTMpr
www.marcusevans.com

Goal-Based Allocation “Strategies for Family Offices”

Thursday, March 25th, 2010


12th Small Fuel Cells – Portable & Micro Fuel Cells & Hybrid Devices for Commercial & Military Applications

Friday, February 12th, 2010

BOSTON, MA – The Knowledge Foundation has announced the complete Program for the 12th Small Fuel Cells conference which will be held in Cambridge, MA from April 12-13, 2010. In its 12th year, Small Fuel Cells & Hybrid Devices for Commercial & Military Applications is the primary source of information for end users, developers and manufacturers of portable fuel cell powered devices.

This year, Dr. Peter Podesser, CEO of SFC Smart Fuel Cell AG, will deliver the opening presentation. SFC Smart Fuel Cell has shipped more than 15,000 commercial products in the past five years, and Dr. Podesser will provide insight into the growing number of commercial and defense applications for fuel cells, including new products and markets as well as other latest developments.

Topics to be addressed at the conference include:
Commercial success of small fuel cells: DMFC, PEM, SOFC, and direct borohydride
Advances in fuel development
Portable fuel cells for military & commercial applications
Micro fuel cells for mobile electronics
Hybrid portable power systems
System integration & balance of plant engineering
Materials challenges and use of materials-by-design approach
Role of nanotechnology & nanomaterials
End-user and OEM perspective on manufacturing & applications
Safety, durability & reliability

Distinguished Faculty
George C. Bandlamudi, PhD, University of Duisburg-Essen
Daniel A. Betts, PhD, EnerFuel
Hyuk Chang, PhD, Samsung Electronics
Horacio R. Corti, PhD, National Atomic Energy Commission of Argentina
James C. Cross III, Nuvera Fuel Cells
Tsali Cross, PhD, Neah Power Systems, Inc.
Ravindra Datta, PhD, Worcester Polytechnic Institute
Emory S. De Castro, PhD, BASF Fuel Cell Inc.
Paolo Fracas, Genport Power Solutions
William Gleason, PhD, Montana Tech – The University of Montana
Robert Hahn, PhD, Fraunhofer IZM
Christopher Hebling, PhD, Fraunhofer ISE
Anders Lundblad, PhD, CTO, myFC AB
Audrey Martinent-Beaumont, PhD, CEA – French Atomic Energy Commission
Madeleine Odgaard, IRD Fuel Cells LLC
Peter Podesser, PhD, SFC Smart Fuel Cell AG
Jim Prueitt, MTI MicroFuel Cells, Inc.
Shriram Ramanathan, PhD, Harvard University
Mareike Schneider, PhD, Fraunhofer IKTS
Eugene S. Smotkin, PhD, NuVant Systems and Northeastern University
Andrew P. Wallace, SiGNa Chemistry, Inc.
Shijie Wu, PhD, Agilent Technologies, Inc.

About The Knowledge Foundation

The Knowledge Foundation integrates scientific ingenuity and real-world applications by fostering collaborative research at the rapidly changing intersection of science and business. Known for providing members of its Technology Commercialization Alliance with direct and unbiased state-of-the-art scientific information, the Knowledge Foundation is uniquely qualified to provide wider exposure for important developments in the emerging fields of alternative energy including fuel cells and lithium ion batteries, nanotechnology, and chemical/biological detection technologies.

Contact:
The Knowledge Foundation
18 Webster Street
Brookline, MA 02446
Phone: (617) 232-7400
Email: custserv@knowledgefoundation.com
Website: www.knowledgefoundation.com

Media Contact:
David Mello
Director of Marketing
(617) 232-7400 ext. 203
Email: dmello@knowledgefoundation.com

The V Eurasian Energy Forum “KazEnergy” 2010

Thursday, January 28th, 2010

In today’s competitive market, branding is without a doubt the most effective way of gaining greater exposure. The 5th Eurasian Energy Forum in Astana deliver more sales and distribution channels than any other energy, oil and gas industry events in Kazakhstan. Let this powerful audience know exactly how to find you at the 5th Eurasian Energy Forum 2010, through targeted or tailored sponsorships. Watch your ROI grow!

Kazakhstan Energy Week – A platform that unites the entire energy industry and oil and gas companies! Kazakhstan Energy Week – One of the most prestigious international events in Kazakhstan, which is being held at the highest level, and combines the energy and oil and gas industry: key leaders, experts, managers, producers and market players from suppliers to customers.

Kazakhstan Energy Week – Is a leading Eurasian Energy Forum, Where we discuss trends in the industry of oil and gas chemicals and refining, forming a unified and coherent policy of cooperation and search for new financial instruments for investing in a major international energy projects in the territory of the Eurasian continent, demonstrate new products and technologies reach strategic agreements with partners and customers.

Within Forum In 2009, a special Media Day, sponsored by the media and companies for more complete information about current trends and projects in the oil industry, as well as develop effective mechanisms for strategic interaction between the media and companies. At Media Day was held on performance management of major international energy corporations, government officials, experts.

Within two days of the Forum discussed issues of strategic alliances and partnerships in the oil and gas industry, development of power industry and energy transportation infrastructure projects, development of Kazakhstan sector of the Caspian Sea, the prospects of oil and gas chemicals and refining, forming a unified and coherent policy of cooperation and search for new financial instruments for investment the major international energy projects in the territory of the Eurasian continent.

Eurasia in general and Kazakhstan in particular, play an important role in ensuring the smooth transition to a new world energy order of sustainable development. In Kazakhstan this means attracting investment to the energy sector in highly competitive conditions.

World political and business leaders, in their relations with the governments of energy producing and exporting countries, are calling for the formation of strategic alliances as a rational alternative to the use of political leverage, and the major oil companies, as well as industrial and service companies, have significant experience at cooperating with the governments and other entities in such countries. This cooperation is based on the principles of preserving global energy security, achieving a balance of interests on world commodity markets, developing eco-efficiency and local content, introducing advanced technology, creating joint ventures and much else.

The goal of the Eurasian Energy Forum is to focus the attention of experts and key decision makers in the global energy commodities market on discussing the main issues of the energy sector’s development in a changing world market situation, formulating and agreeing a unified policy of common action, and using modern approaches to regulating relations of partnership in Kazakhstan’s oil and gas sector.

If you are interested in becoming a sponsor at 5th Eurasian Energy Forum 2010 and to receive proposal on branding and marketing opportunities listed above, simply contract me by email or call me on +44207 617 7532 or email: oksana@caspian-events.com to setup a time to discuss your company marketing objectives.
Please don\’t hesitate to contact me with any questions. I’ll be happy to give you a personal advice of each of the positions found for your marketing strategy.

6th Data Centres Europe 2010

Saturday, January 23rd, 2010

6th Data Centres Europe
Espaces Antipolis
Sophia Antipolis
[near Nice]
France
22-23 April 2010

Data Centres Europe is the premier regional networking hub for all companies engaged in the sector, combining an outstanding conference, multi player exhibition and annual Awards Dinner – and takes place at the Espaces Antipolis, near Nice, France 22-23 April 2010. Renowned for providing the latest market intelligence, technology insight and tremendous networking opportunities, the event brings together enterprise IT leadership and decision makers in third party IT outsourcing with operators and service providers, investors and solutions companies engaged in the sector.

www.datacentres.com/dce

Contact details
T + 44 (0) 20 7385 9218
F + 44 (0) 870 922 3452
E enquiries@datacentres.com

Contact: Richard Baxter

The European Corporate Counsel Summit 2009, hosted by marcus evans Summits

Monday, October 5th, 2009

The fifth annual European Corporate Counsel Summit, which took place on the 23 – 25 October 2009 at the prestigious Fairmont Le Montreux Palace, Montreux, Switzerland, was an immense success again.

The ECC Summit attendees followed a personalised agenda designed to maximise their limited time and to effectively meet their business needs and interests.

A great panel of speakers shared their views on the current Pharmaceutical market;

Nicola Walter Palmieri, General Counsel, Parmalat S.p.A., shared his views on the global economic crises.

Dr Richard Wessman, Professor, Uppsala University,talked about the protection of well known marks in the EU and US.

Ignacio de Castro, Deputy Director, WIPO Arbitration and Mediation Center, presented the alternative dispute resolution of IP and Technology Disputes.

Besides the strategic summit sessions led by some of the most prominent thinkers in Europe and beyond, the ECC Summit has been designed to provide a unique interactive forum for sponsors to present their products and services directly to key decision makers from Europe’s leading legal companies. Over three days, sponsors meet and interact with senior-level corporate counsels, through a number of business one-to-one meetings and many networking activities.

One week after the summit, 35% of the sponsors companies have already decided to participate in next year’s ECC Summit, which will take place in September 2010.

To quote the Partner of Oppenhoff & Partner, one of the Summit sponsors; The summit is a great opportunity to meet many interesting business contacts in a very efficient, but also enjoyable way.

marcus evans Summits (www.marcusevans.com), produces high level business platforms for the world’s leading decision-makers. These dynamic and innovative forums initiate and develop business relationships one to one between director and C level practitioners from the world’s most influential organisations and with leading product and service suppliers. marcus evans Summit’s guarantees an exclusive format which enables participants to achieve the maximum amount of business and knowledge interaction over a three day event in a stimulating environment.

Please note that the European Corporate Counsel Summit is a closed business event.

For more information

Kirsten Helders

Marketing Manager

Email: summits@marcusevanscy.com

www.eccsummit.com

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www.marcusevans.com