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November 3, 2021

Family businesses often grow in an unstructured way, leading to a culture of informality. As a result, basic employment law documents can get overlooked and family members are not issued with employment contracts or subject to formal policies. This can leave the business exposed when issues arise as neither the business nor the family member have a ‘rule book’ to follow.

Family businesses often grow in an unstructured way, leading to a culture of informality. As a result, basic employment law documents can get overlooked and family members are not issued with employment contracts or subject to formal policies. This can leave the business exposed when issues arise as neither the business nor the family member have a ‘rule book’ to follow.

October 18, 2021

Over the last 20 months, family businesses have experienced unprecedented levels of disruption caused by outside forces. Certainly, Covid-19 has been the leading cause of this turmoil, but a confluence of economic, geopolitical and environmental threats has also caused savvy families to galvanise around resource preservation and the enhancement of family cohesion and reputation.

Over the last 20 months, family businesses have experienced unprecedented levels of disruption caused by outside forces. Certainly, Covid-19 has been the leading cause of this turmoil, but a confluence of economic, geopolitical and environmental threats has also caused savvy families to galvanise around resource preservation and the enhancement of family cohesion and reputation.

October 7, 2021

Children of wealth must overcome five key challenges to generate a sense of life purpose and a positive and facilitative emotional connection to their money.

Children of wealth must overcome five key challenges to generate a sense of life purpose and a positive and facilitative emotional connection to their money.

Each challenge describes an important aspect of the psychological relationship to the saving, spending, and sharing of wealth. To develop a positive wealth identity, children must resolve conflicts and overcome their vulnerabilities in each area.

Challenge 1: Financial awareness

February 2, 2021

Some beneficiaries discover that faith in fiduciaries can be misplaced. A combination of events, poor decision making, or even malign actors can see the value of fortunes thought to be in safe hands wiped out. 

Some beneficiaries discover that faith in fiduciaries can be misplaced. A combination of events, poor decision making, or even malign actors can see the value of fortunes thought to be in safe hands wiped out.

What should a beneficiary in such a position do next? The first step is to obtain information.

Information gathering

May 11, 2020

Tests faced by wealthy family businesses in the Gulf are usually related to a stock market crash, loss of an investment or, at worst, the sudden death of the family patriarch. However, the Covid-19 pandemic has brought about a new and unprecedented challenge.

Tests faced by wealthy family businesses in the Gulf are usually related to a stock market crash, loss of an investment or, at worst, the sudden death of the family patriarch. However, the Covid-19 pandemic has brought about a new and unprecedented challenge.

When the outbreak was announced the immediate concern for wealthy families, or private clients as we refer to, was the health and safety of the family patriarch since they were now of an advanced age which placed them in the vulnerable and high-risk category.

April 4, 2017

Well planned and managed trusts can be a huge help in managing family business wealth and legacy but what happens when the relationship between trustees and beneficiaries breaks down? Richard Manyon, disputes resolution partner at Payne Hicks Beach, takes a look.

Well planned and managed trusts can be a huge help in managing family business wealth and legacy but what happens when the relationship between trustees and beneficiaries breaks down? Richard Manyon, disputes resolution partner at Payne Hicks Beach, takes a look.

April 28, 2010

What is conflict? One definition states it is “an expressed struggle between at least two interdependent parties who perceive incompatible goals, scarce resources and interference from others in achieving their goals,” writes Walid Chiniara

What is conflict? According to just one of many definitions, it is "an expressed struggle between at least two interdependent parties who perceive incompatible goals, scarce resources and interference from others in achieving their goals," writes Walid Chiniara.

March 1, 2006

Family conflict can spiral out of control and before you know it there are legal advisors involved benefitting neither family nor business. Dennis Jaffe explains alternative ways of resolving conflict before it reaches the boxing ring stage

Dennis Jaffe is a founding partner of the new family enterprise consulting firm, Relative Solutions. www.relative-solutions.com

Family conflict can spiral out of control and before you know it there are legal advisors involved benefitting neither family nor business. Dennis Jaffe explains  alternative ways of resolving conflict before it reaches the boxing ring stage

September 1, 2005

Conflict is a feature of families anyway. Add business to the mixture and the results can be incendiary. A few ground rules and a hearty team spirit can help. Fredda Herz-Brown describes the best way to avoid and resolve differences and maintain healthy dynamics

Re-printed by permission of the publisher from Family Business Magazine. www.familybusinessmagazine.com

Fredda Herz-Brown is a managing partner of the
Metropolitan Group

Conflict is a feature of families anyway. Add business to the mixture and the results can be incendiary. A few ground rules and a hearty team spirit can help. Fredda Herz-Brown describes the best way to avoid and resolve differences and maintain healthy dynamics 

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