Global Wealth and Private Client
We assisted a family office to restructure their family patrimony and governance structure for the implementation of their family protocol. The services included formation, merging and dissolution of corporations, issuance of new shares, drafting of shareholders agreements, drafting foundation bylaws, confidentiality agreements, designations and guidelines for fiduciary agents, amongst others. LOVILL also led discussions and counseled family members in different aspects of their governance structure.
We provided legal advice to a family office to create a corporate and succession structure in connection to the profits generated by all their operative companies. We drafted a shareholder’s agreement to regulate corporate governance between the family, dividends and to limit the transfers of shares to non-family members. We also drafted the foundation bylaws to regulate the distribution of profits between the beneficiaries at death of the heads of the family. Our legal advice led the family to set up all their family businesses under one entity, providing simplicity in decision making, as well as creating an effective succession plan.