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Business families in transition - Structure, Governance and Succession

Name: Business families in transition - Structure, Governance and Succession
Uploaded: Aug 31, 2023
Description: Asian wealth management, Asia private banking - Hubbis recently had the pleasure of learning how Asia’s private client professionals can best support the families undertaking this transition with Zac Lucas, a Partner Solicitor at Spencer West, and a seasoned international private client law specialist.

Zac Lucas of Spencer West LLP

Aug 31, 2023

Hubbis recently had the pleasure of learning how Asia’s private client professionals can best support the families undertaking this transition with Zac Lucas, a Partner Solicitor at Spencer West, and a seasoned international private client law specialist.

In this video, Zac delves into an array of topics, delving into the realities of the challenges that come with passing on a business to the second and third generations, beginning with a look at the reassessment process and how that helps to protect against the failure of succeeded businesses.

He looks at what elements need to be considered to make transitioned businesses sustainable, and the strategies which assist in the consideration of how a business will be affected in said transition. He explored the strategies available where a there is a challenging overall assessment in the ability for a business to change hands within the family. And he explains what to do where there is a positive overall assessment on the possibility of a transition of the business into the next generation’s hands.