Unlike the UK, where shares can be sold by the executors in any case, in many overseas countries the shares cannot be sold until they have been transferred into the names of the Executors. The assignee may now wish to sell the same. If requested, our brokers can arrange for the shares to be sold and for the net proceeds …
Trusts to Require LEI Number to Sell Shares
The original ‘Markets in Financial Instruments Directive’ (MiFID) sought to remove barriers to cross-border financial services within Europe for a safer, more transparent and evenly balanced marketplace as a whole. Extending these transparency requirements, MiFID II will have an even more pronounced impact across the landscape and as part of the MiFID II from 3rd January 2018, financial firms subject …
Resealing Grants Overseas
When non-UK shareholdings and assets have a value so that an informal procedure such as a ‘Small Estate Procedure’ cannot be used, it is necessary to obtain probate or equivalent in the jurisdiction in which those shareholdings and assets are situated. Where those assets are situated in jurisdictions within the Commonwealth, or in certain circumstances formerly so, such as Australia, …
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