The global law firm Withers has witnessed an increase in the number of art-related cases coming before the English courts. Although individuals and entities involved in these art disputes will attempt to resolve their differences out of court and through settlement, they often end up in litigation, which carries financial costs. It is important to understand not only how much litigation costs but also the ways in which litigation costs can be funded and in the U.K. (and other jurisdictions where the losing party pays for the costs of the successful party) recovered from the other side.
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At the 2012 Global Investment Forum, this expert panel examined opportunities linked to increased interest in asset classes – direct investing, distressed assets and global fixed income – resulting from disjuncture in the world economy, the current financial crisis and its longer-term aftermath.
Wealth advisors have a fiduciary responsibility to not only provide clients with unbiased, trusted advice but also to protect the information they deem most important. Clients’ privacy and, more importantly, peace of mind are at risk if advisors do not address and increase their security protocols and procedures.
Many clients and their advisors are holding their breath waiting to see whether the November elections will provide greater clarity as to the future legislative environment for wealth-owning families. This 2012 Wealth Advisor Forum session examined the interrelationship of politics and economics, particularly effects on individual investors. By outlining and exploring different potential scenarios, you can better prepare yourself and your clients for managing the uncertainties that lie ahead.
A return to a “high” market warrants a full understanding of the nature of ownership (legal title) risks in the art industry and how art investment fund managers can mitigate these risks.
Life insurance policy owners should take heed as continued low interest rates result in lower investment returns credited to policies over time. This can be particularly troublesome for those who do not regularly review and benchmark their policy performance. This bulletin examines the impact of a low interest rate environment on insurers, the performance and management of in-force products, and pricing of new products.
Taking the time to consider security measures before a theft occurs can save a collector a great amount of frustration and expense. Here are seven key measures that can increase the security of fine art and collectibles for little cost.
While the outcome of many global issues remains uncertain, we believe the risk/reward equation favors taking well-calculated, above-average risk. Investor psychology can change at any moment. When the market returns its focus on individual company fundamentals, we expect significant alpha will be generated by portfolios that own high-quality companies with above-average beta.
Privately held companies are susceptible to a range of allegations brought by employees, customers, creditors, and government regulatory agencies. However, a comprehensive D&O insurance policy from a qualified insurer can absorb many of the risks to which managers and fiduciaries of private companies are exposed.
With incidents of Internet crime surpassing 300,000 annually and continuing to grow, computer users are wise to watch for the warning signs that their computers are being hacked and to be proactive in protecting themselves. This article provides best practices for preventing security breaches as well as a checklist to help maintain your personal security.