FLICK GOCKE SCHAUMBURG

Comment: This leading name for company succession and trusts advises possibly the largest number of affluent families and HNWIs in Germany, with wealth in the hundreds of millions or even billion-euro range. FGS has long been seen as highly traditional, but this is changing: it now offers family offices the implementation of a tax compliance management system developed in-house. The practice works closely with the renowned ?tax criminal lawyers, for whom the issue of tax tech is also growing in relevance. Work with an international flavor was on the increase, with the international Taxand alliance bearing fruit thanks to Brexit and the special tax in Italy. FGS also forged ahead with its strengthening of the next generation: for the first time it appointed a company succession specialist from Frankfurt as partner in the shape of Dr. Manfred Reich; Christoph Oenings was named equity partner in Hamburg.
Strengths: All-round advice on the interface with ?tax, ?tax criminal law. Advice to charitable/tax-exempt organizations.
Recommended: Dr. Christian von Oertzen (“renowned specialist”, competitor), Prof. Dr. Andreas Söffing (“an expert on all tax and legal issues for family businesses”, client), Dr. Stephan Schauhoff (charity law/trusts), Dr. Marc Jülicher, Dr. Bernd Noll, Prof. Dr. Frank Hannes (“very well connected, blends teaching and practice at the highest level”, competitor), Dr. Wolf Wassermeyer.
Practice: Broad spectrum of advice on structuring (German and international inheritance and succession, prenups, divorce settlements and relocation) and administrative services (tax returns, request for information, reviews of capital income, asset evaluation) as well as will execution and advice on charity law. Also audits, corporate valuation (via accounting team in Bonn), tax disputes and tax criminal law. (11 equity partners, 7 salary partners, 17 associates, 1 of counsel)
Clients: ?? Arag heir Petra Faßbender in million-euro inheritance dispute with brother; real estate entrepreneur regarding shopping center endowment and on setting up asset-managing business partnerships; family business on creating family trust; German family business on inheritance tax regarding restructuring and transaction; charitable trust on sale of family revenue.
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